Italy’s Fratelli Cosulich orders LNG bunkering vessel at CIMC SOE

Italian shipping group Fratelli Cosulich has placed an order for its first LNG bunkering vessel at China’s Nantong CIMC Sinopacific Offshore & Engineering.

The family-owned firm said Monday the order has a price tag of about $45 million.

To remind, LNG Prime reported on this order in late March.

The 5,300 dwt dual-fueled vessel will have the capacity to transport over 8,000 cbm of LNG and 500 cbm of MGO for bunkering, according to Fratelli Cosulich.

In addition, Finland’s Wartsila will supply the vessels cargo management system, it said.

Fratelli Cosulich will deploy the LNG bunkering vessel in the Mediterranean Sea while Fratelli Cosulich LNG, a unit of the firm, will manage the vessel.

The firm said it could get a grant of 4.5 million euros ($5.46 million) for the vessel from the European Union under the Connecting Europe Facility (CEF) programme.

Moreover, the project has received support from a pool of financial institutions composed of BPER Banca, Banca Popolare di Sondrio, Cassa Depositi e Prestiti, as well as the insurance coverage provided by SACE Simestwith “Garanzia Green”.

CIMC SOE should deliver the LNG bunkering vessel in the summer of 2023.

Most Popular

Shell adds another LNG carrier to its fleet

A unit of UK-based LNG giant Shell has added another chartered liquefied natural gas carrier to its fleet.

Chevron, China’s ENN seal second LNG SPA

US energy giant Chevron has signed a second LNG sales and purchase agreement with Chinese independent gas distributor ENN.

Venture Global gets OK to introduce gas to final Plaquemines LNG block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the 18th and final liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

More News Like This

CIMC SOE kicks off work on Avenir LNG bunkering vessel

China’s Nantong CIMC Sinopacific Offshore & Engineering has officially started building another liquefied natural gas (LNG) bunkering and supply vessel for UK-based Avenir LNG.

CIMC SOE scores another LNG bunkering vessel order

CIMC SOE announced on Friday that it will construct an LNG bunkering vessel for a European owner, with the...

CIMC SOE secures new LNG bunkering vessel order

China’s Nantong CIMC Sinopacific Offshore & Engineering has secured an order to build one liquefied natural gas (LNG) bunkering and supply vessel.

CIMC SOE completes Croatian regas module

Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering has completed Wartsila's regasification module that will be installed onboard the 140,000-cbm FSRU, LNG Croatia.