World News
Singapore: Fratelli Cosulich Launches Methanol Bunkering Tanker
Fratelli Cosulich today announced the launch of its new bunkering tanker in Singapore, Marta Cosulich.
The 8.7000 m3 capacity vessel is the company’s first that is capable of delivering methanol.
“We are dedicated to leading the way in environmental responsibility, not only with methanol but also through our commitment to LNG and other emerging technologies aimed at reducing the environmental impact of our operations,” the company said.
Marta Cosulich, CEO and Board Member of Fratelli Cosulich Group, served as the godmother of the vessel during the ceremony.
After a number of methanol bunkering trials, earlier this week the Singapore Maritime and Port Authority (MPA) declared the country is now ready for commercial scale methanol bunkering operations.
Fratelli's Singapore bunkering fleet now comprisees five bunker tankers, one IMO2 chemical bunker tanker (Marta Cosulich), and another under construction set for delivery by the end of 2025.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.