Bunker Fuel

Fratelli Cosulich acquires 62% controlling stake in FEMO Bunker

Firm announced the strengthening of its stake in FEMO Bunker shares, a company specialising in bunker trading for the yachting sector.

Published

4 months ago

February 18, 2025

Admin

Fratelli Cosulich acquires 62% controlling stake in FEMO Bunker

The Fratelli Cosulich Group on Monday (17 February) announced the strengthening of its stake in FEMO Bunker shares, a company specialising in bunker trading for the yachting sector.

The operation brings the Group’s controlling stake to 62% of the share capital.

FEMO Bunker, established in 2000 and led by its CEO and shareholder Ugo Pastorino, offers fuel supply services for yachts and ships.

With a turnover over EUR 70 million (USD 73.2 million) and a team of 9 professionals, Fratelli Cosulich said FEMO Bunker is positioned as a leading player in the market.

“This operation fits perfectly into the Group’s strategy of expanding and consolidating services in the Yachting sector,” said Tomaso Moreno, CEO of Yachting for the Group.

“In a constantly evolving market like that of Yachting, it is essential to be able to count on reliable and competent partners like FEMO Bunker is.”

This corporate development will allow FEMO Bunker to benefit from increased synergies with the Group’s other companies. To date, the company has successfully integrated its commercial offer with Pesto SEA Group and Catalano activities in the Mediterranean and global markets, thereby strengthening its offer and market positioning.

“We strongly believe in the potential of FEMO Bunker and its key role in the energy transition of the maritime sector,” said Timothy Cosulich, CEO of Marine Energy for the Fratelli Cosulich Group.

“With this operation, we confirm our commitment to investing in solutions for the future of the Group”.

In line with its dedication to innovation and sustainability, the company has expanded its activities in the supply of alternative fuels. Following the first HVO delivery, several others have taken place, with sales to yachts in multiple countries worldwide. In addition to Italy, FEMO Bunker has supplied HVO in Spain, France, and Florida in recent years.

Furthermore, the company is actively engaged in the supply of another alternative fuel. With methanol delivery that already happened in La Spezia, FEMO Bunker is now developing procedures to extend methanol supply to other ports across Italy. In this area, the company is refining strategic collaborations with key players in the yachting industry.

Photo credit: FEMO Bunker
Published: 18 February, 2025

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Digital platform

Ofiniti eBDN solution chosen by FincoEnergies for marine biofuel ops in ARA region

Development takes place on the back of complex logistics and opaque operational processes experienced by the marine (bio)fuel market; which Ofiniti’s FuelBoss eBDN solution seeks to simplify.

Published

20 hours ago

June 17, 2025

Admin

Rotterdam-based FincoEnergies, an independent, leading supplier of (bio)fuels and decarbonisation services for the transport sector, will be adopting Ofiniti’s FuelBoss eBDN technology, with operational support from VT Group.

The development takes place on the back of complex logistics and opaque operational processes experienced by the marine (bio)fuel market; which Ofiniti’s FuelBoss eBDN solution seeks to simplify.

“Schedules are becoming increasingly tighter as demand for sustainable biofuels grows,” explains Leon Arets, Trading & Operations Director at FincoEnergies.

“We’re adopting a platform that enhances structure and responsiveness. This digital leap allows us to not only scale efficiently but also deliver greater transparency and operational excellence to our clients.”

A spin-off from global assurance and risk management leader DNV, Ofiniti brings together deep industry know-how with cutting-edge technology. Its flagship platform, FuelBoss, is designed to replace cumbersome manual processes with streamlined digital workflows that boost efficiency and data reliability.

“Our work with LNG suppliers laid the groundwork,” notes Oliver Brix Sparsø, Global Director of Sales at Ofiniti. “But this collaboration with FincoEnergies and VT Group marks the first large-scale commitment to digital delivery workflows for biofuels. It’s a turning point for the region.”

FincoEnergies’ mission, Decarbonising the transport industry together, is grounded in collaboration and innovation. The partnership with Ofiniti and VT Group exemplifies this spirit, combining technological leadership with operational expertise.

“As operators, we continuously look for ways to improve life on board and support our partners,” adds Wouter van Reenen, Business Development Manager at VT Group. “FuelBoss is a strong fit for our operations and those of our chartering clients.”

Photo credit: Ofiniti
Published: 17 June 2025

Newbuilding

NYK Group’s first methanol-fuelled bulk carrier “Green Future” delivered

Vessel is the first bulk carrier in the NYK Group to be equipped with a dual-fuel engine that uses methanol and fuel oil.

Published

24 hours ago

June 17, 2025

Admin

NYK Group on 13 May received delivery of Green Future, the company’s first methanol dual-fuel bulk carrier, at the TSUNEISHI Factory of TSUNEISHI SHIPBUILDING Co., Ltd. where a naming and delivery ceremony was also held, it said on Thursday (14 June).

The vessel will be chartered by NYK Bulk & Projects Carriers Ltd., an NYK Group company, from KAMBARA KISEN Co., Ltd.

It is the first bulk carrier in the NYK Group to be equipped with a dual-fuel engine that uses methanol and fuel oil.

“Methanol has a lower environmental impact than fuel oil, and by using bio-methanol and e-methanol produced using hydrogen derived from renewable energy sources and recovered carbon dioxide, the vessel achieves significant reductions in greenhouse gas emissions,” it said.

Vessel Particulars
LOA: 199.99 m
Breadth: 32.25 m
Depth: 19.15 m
Deadweight: approx. 65,700 metric tons
Capacity: approx. 81,500 m³
Draft: 13.8 m

Photo credit: NYK Group
Published: 17 June 2025

Ammonia

Yara Clean Ammonia voices support for ammonia bunkering pilot

Pilot has generated crucial real-world data and best practices for future ammonia bunkering operations globally.

Published

1 day ago

June 17, 2025

Admin

Yara Clean Ammonia (YCA), the world’s largest trader and distributor of ammonia, on Friday (13 June) announced its key role in a landmark maritime decarbonisation initiative led by the Global Centre for Maritime Decarbonisation (GCMD).

The successful completion of the first-ever ship-to-ship transfer (STS) of ammonia at anchorage in Western Australia marks a major milestone in paving the way for ammonia as a viable marine fuel, it said.

Under the supervision of the Pilbara Port Authority (PPA), the pilot took place within the anchorage area of Port Dampier, simulating real-world bunkering conditions and demonstrating that ammonia transfer can be executed safely and effectively offshore.

According to YCA, the trial builds on the insights from GCMD’s prior safety study in Singapore and confirms that, with the right controls in place, ammonia STS transfers at anchorage are both safe and scalable.

The pilot has also generated crucial real-world data and best practices for future ammonia bunkering operations globally.

“This successful trial is a pivotal step towards building trust in ammonia as a zero-to-near-zero emission (ZNZ) maritime fuel,” said Murali Srinivasan SVP Commercial in Yara Clean Ammonia.

“It’s the result of world-class collaboration and careful planning—and it shows that with the right safeguards, ammonia bunkering is not only feasible but practical.”

Photo credit: Yara Clean Ammonia
Published: 17 June 2025