Fratelli Cosulich Group orders its first methanol dual-fuelled bunker tanker backed by a long-term time-charter to TFG Marine
Fratelli Cosulich Group placed an order for its first methanol dual-fuelled chemical bunker tanker, according to Trafigura's release. The 7,990 dwt IMO Type II chemical vessel will be built at Taizhou Maple Leaf Shipbuilding Co., Ltd in China. With a capacity of over 8,000 m3, its cargo tanks will be coated to enable carrying both green methanol and biofuels.
The vessel will be delivered in the last quarter of 2025 and will be located at the Port of Singapore under a fixed-rate time charter contract with global commodities trader Trafigura. It will be deployed to deliver marine fuels for TFG Marine, Trafigura’s international marine fuel supply and procurement joint venture with shipowning companies Frontline Ltd and Golden Ocean Group Ltd. Fratelli Cosulich Bunkers Singapore will oversee the technical management and operations of the vessel for TFG Marine.
Green methanol has recently been gaining prominence as a future, viable marine fuel, as the global order book for methanol-fuelled ships has been gaining ground and many shipping companies have included methanol in their decarbonisation strategy.
The vessel will have twin fixed pitch propellers, each driven by an electrical motor via gear box, and three dual-fuelled generator sets supplied by MAN Energy Solutions. An onboard battery storage system will optimise the use of the dual-fuelled generators.
Fratelli Cosulich Group is a global shipping and logistics player with a rich history from 1857. It is still owned by the Cosulich family in its seventh generation, counting 14 business units, 133 companies, and spanning 27 countries from Asia, Europe, and the Americas. Since 1969, the Group has been a leading player in the marine fuel industry, operating as a bunker trader, and owning a fleet of bunker tanker vessels and two LNG small scale bunker vessels in the Bay of Singapore.
TFG Marine is a leading international marine fuel supply and procurement joint venture between physical commodity trading company Trafigura Group Pte and shipowning companies Frontline Ltd and Golden Ocean Group Ltd. Formed in 2020, the company provides modern, simplified and transparent services that bridge every stage of the bunkering process for its customers, supplying over 10 million metric tonnes of marine fuels per annum across 35 strategic bunkering hub locations globally.
