EMEA News
Fratelli Cosulich Buys Monaco-Based Bunker Trader
Fratelli Cosulich S.p.A. (Fratelli Cosulich) has acquired 100 percent of the shares of Monaco-based bunker trader Chemoil Monde Export SAM (Chemoil Monde), The Medi Telegraph reports.
"The acquisition is consistent with the growth plans that Fratelli Cosulich has embarked on, focusing on companies that share that same values and long-term view on business," the company said.
Chemoil Monde is understood to have a team of four experienced bunker traders.
Timothy Cosulich, Fratelli Cosulich's CEO, says that the company is exploring the possibility of purchasing more bunkering barges.
In September, it was reported that Cosulich said the company was looking to grow its bunker volumes in Singapore, and expand into liquid natural gas (LNG) bunkering.
