World News
Fratelli Cosulich Ammonia Bunker Tanker 'Not Expected Before 2025'
Marine fuel supplier and trading firm Fratelli Cosulich is not expecting to have its planned ammonia bunker delivery vessel before the second half of the decade.
The company does not yet have a firm timeline for a potential order, a representative told Ship & Bunker on Thursday.
On Wednesday the company said Fratelli Cosulich Bunker Singapore and Nantong CIMC Sinopacific Offshore & Engineering have signed a memorandum of understanding for the construction of an ammonia bunker tanker.
"We don't have a precise deadline to place the order, but we don't expect the delivery of the vessel to happens before 2025," the representative said.
The bunkering firm has previously ordered two LNG bunker delivery vessels from the same shipbuilder.
The move puts Fratelli Cosulich far ahead of any other large marine fuels firm in its shift towards the use of ammonia as a bunker fuel.
Ammonia is widely expected to take up a significant share of the marine energy mix in the coming decades as the shipping industry works to eliminate its greenhouse gas emissions. But much more research and development work will be needed on how to handle the alternative fuel safely before shipowners start to order ammonia-fuelled tonnage at a large scale.
Fratelli Cosulich CEO Tim Cosulich will be speaking at the IBIA Annual Convention 2022 in November. The convention will be held at the JW Marriott Houston hotel on November 15-17. The event will consist of a bunker training course on November 15, followed by a series of keynote speeches, presentations and panel sessions over the following two days.
Ship & Bunker readers can access a 10% discount on registration costs by clicking here and entering the code SB10 when prompted.
If you would be interested in participating as a speaker or panellist, contact IBIA's global head of marketing and events, Sofia Konstantopoulou, at sofia.konstantopoulou@ibia.net.
If you would be interested in sponsoring the event, contact Ship & Bunker's head of sales and partnerships, Paul Davis, at sales@shipandbunker.com.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 645.00 | 2.00 | 767.50 | 11.50 |
| Rotterdam | 600.00 | 8.00 | 751.50 | 13.00 |
| Houston | 627.50 | 9.00 | 796.00 | 11.50 |
| Fujairah | 649.50 | 0.00 | 889.00 | 0.50 |
| Global 20 Ports Average | 665.00 | 0.50 | 864.00 | 6.50 |
| Global 4 Ports Average | 630.50 | 5.00 | 801.00 | 9.00 |
| Global Average Bunker Price | 722.50 | 2.50 | 922.50 | 3.00 |
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