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Fratelli Cosulich orders USD 45 million LNG bunkering vessel for Mediterranean Sea ops

5,300 dwt vessel, which will be built at the CIMC SOE shipyard in China, will be able to transport over 8,000 m3 of LNG and 500 m3 of MGO for bunkering.

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Fratelli Cosulich LNG MT

Genoa-based international shipping, shipments and logistics company Fratelli Cosulich Group on Monday (10 May) officially placed an order for the construction of its first liquefied natural gas (LNG) Bunkering Vessel.

The 5,300 dwt vessel, which will be built at the CIMC SOE shipyard in China, will be able to transport over 8,000 m3 of LNG and 500 m3 of MGO for bunkering. It will be managed by Fratelli Cosulich LNG S.r.l. with delivery expected in the summer of 2023.

The total value of the investment for the construction of the vessel is approximately USD 45 million, according to the Fratelli Cosulich Group.

It is the result of the equity made available by the Group, as well as support received from a pool of financial institutions composed of BPER Banca, Banca Popolare di Sondrio, Cassa Depositie Prestiti, as well as the insurance coverage provided by SACE Simest with “Garanzia Green”.

As the project is contributing to the decarbonisation of maritime transport by deploying LNG bunkering solutions in the Mediterranean Sea, it may be also awarded a grant of €4.5 million by the European Union under the Connecting Europe Facility (CEF) programme, of which the Cassa Depositie Prestiti is “implementing partner” for the European Commission of these important projects.

PwC advised Fratelli Cosulich during the process of applying for the CEF blending call facility 2019.

“We established Fratelli Cosulich LNG with the aim of reaffirming the leadership and entrepreneurship that the Group has always shown in our business field,” said Honorary President of the Group, Ing. Andrea Cosulich.

“It is our responsibility to make shipping increasingly respectful of the environment, in the interest of future generations.

“We acted proactively, in order to offer the coverage of the Mediterranean basin, following the trend that sees new ships under construction equipped with alternative propulsion, especially in the field of passenger ships.

“Our Group will be ready to offer its services with cutting-edge solutions and in line with the evolution of technology itself.”

The cargo management system of the LNG bunkering newbuild will be designed and built by Wartsila Gas System and will be equipped with both quantitative and qualitative LNG and GN (Natural Gas) fiscal measurement systems, as well as with an LNG sub-cooling system.

This will make it possible to have the most effective Boil Off Gas Management technologies, with the consequent elimination of potential environmental impacts and reduction of load losses.

The propulsion and manoeuvring system will be azimuth type, with double bow thruster, such as to allow high manoeuvrability in port areas and will be managed by onshore and offshore personnel with extensive skills in the ship management and LNG sector. The unit will also comply with majors’ safety standards in the industry.

 

Photo credit: Fratelli Cosulich Group
Published: 10 May, 2021

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Methanol

China: Cosco Shipping and bp to explore collaboration in methanol bunker fuel 

Duo signed a MoU in Shanghai to expand their scope of strategic cooperation into new areas including lubricant supply, methanol bunker fuel supply for bunkering and offshore wind supply chain.

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China: Cosco Shipping and bp to explore collaboration into methanol bunker fuel

Cosco Shipping on Thursday (7 December) said it has signed  a Memorandum of Understanding (MoU) with bp to expand their scope of strategic cooperation into new areas on 5 December in Shanghai.

“This includes Castrol Marine lubricants and hydrocarbons transportation, offshore equipment as well as exploring collaboration opportunities in areas such as methanol supply for bunkering and offshore wind supply chain,” Cosco said. 

“Together, both parties will further capitalize on the business advantages of both parties, enhance synergies, and achieve complementary advantages and common development.”

William Lin, bp Group Executive Vice President, and Lin Ji, Executive Vice President of COSCO SHIPPING, witnessed the signing. Simon Yang, bp Group Senior Vice President and bp China President, and Chen Wei, Deputy Head of the Operations Division of COSCO SHIPPING, signed the document on behalf of the two parties.

Cosco said bp has been operating in China since the early 1970s and is one of the leading foreign-invested companies in China’s energy industry. 

“bp and Cosco Shipping have a longstanding history of cooperation, including the transportation of energy products, offshore equipment manufacturing services, and the supply of marine fuels and lubricants,” it added. 

Photo credit: Cosco Shipping
Published: 11 December, 2023

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Methanol

Maersk to deploy first large methanol-powered vessel on Asia-Europe trade lane in 2024

Ship will enter service on the AE7 string connecting Asia and Europe, which includes port calls in Shanghai and Tanjung Pelepas in Malaysia, with Ningbo in China, being its first destination.

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Maersk to deploy first large methanol-powered vessel on Asia-Europe trade lane in 2024

A.P. Moller - Maersk (Maersk) on Thursday (7 December) said it was about to launch the first of its 18 large methanol-enabled vessels currently on order. 

On 9 February 2024, the ship will enter service on the AE7 string connecting Asia and Europe, which includes port calls in Shanghai, Tanjung Pelepas, Colombo and Hamburg, with Ningbo, China, being its first destination.

“The container vessel built by Hyundai Heavy Industries (HHI) in South Korea has a nominal capacity of 16,000 containers (TEU) and is equipped with a dual-fuel engine enabling operations on methanol as well as biodiesel and conventional bunker fuel,” the firm said. 

Maersk added it has secured sufficient green methanol to cover the vessel’s maiden voyage and continues to work diligently on 2024-25 sourcing solutions for its methanol-enabled vessel fleet.

“Deploying the first of our large methanol-enabled vessels on one of the world’s largest trade lanes, Asia - Europe, is a landmark in our journey towards our Net-Zero target. With the vessel’s capacity of 16,000 containers, this will make a significant impact in our customers’ efforts to decarbonise their supply chains, and we are looking forward to introducing more methanol-enabled vessels on this and other trades during 2024,” Karsten Kildahl Chief Commercial Officer at Maersk, said. 

Ahead of its deployment, the vessel will be named at the shipyard in end January 2024. The following two sister vessels will be deployed in the first half of 2024 with naming events taking place in Yokohama, Japan, and Los Angeles, USA. Maersk said it was expected to take delivery of four additional sister vessels in the second half of 2024.

At the time of deployment of the first large vessel, it will be the only second container vessel in the world that can sail on green methanol, the first being the feeder vessel Laura Maersk which entered service in September this year.

Overview of Maersk vessels on order

  • Maersk has 24 container vessels on order
  • All vessels currently on order will be equipped with dual-fuel engines and will be able to operate on green methanol
  • 12 of the vessels on order have a capacity of 16,000 TEU (Twenty-foot Equivalent Unit containers)
  • 6 of the vessels on order have a capacity of 17,000 TEU
  • 6 of the vessels on order have a capacity of 9,000 TEU
  • Since 2021, Maersk has had a policy of only ordering new vessels able to operate on green fuels

About Maersk’s AE7 service string

  • The AE7 string connects Asia and Europe through the Suez Canal
  • The AE7 string has the following port calls: Ningbo, Shanghai, Nansha, Yantian (all China), Tanjung Pelepas (Malaysia), Colombo (Sri Lanka), Port Tangiers (Morocco), Felixstowe (UK), Hamburg (Germany), Antwerp (Belgium), London Gateway (UK), Le Havre (France), Port Tangiers, Jeddah (Saudi Arabia), Abu Dhabi (UAE) and Jebel Ali (UAE)

Photo credit: A.P. Moller - Maersk
Published: 11 December, 2023

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Retrofit

Alfa Laval to provide methanol fuel supply system for “Maersk Halifax” boxship 

Alfa Laval will support A.P. Moller-Maersk with installation of FCM Methanol low-flashpoint fuel supply system on board the 15,000 TEU container vessel, which is scheduled to take place by mid-2024.

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Alfa Laval to retrofit methanol fuel supply system on “Maersk Halifax” boxship

Alfa Laval on Thursday (7 December) said its fuel supply system FCM Methanol has been selected by Maersk for their methanol retrofit project to enable the container vessel Maersk Halifax to operate on methanol fuel. 

The firm said the project stands as a significant achievement for both Alfa Laval and Maersk, underscoring the feasibility of retrofitting ships with the necessary equipment for methanol-based propulsion.

Alfa Laval will support A.P. Moller-Maersk (Maersk) with the installation of FCM Methanol low-flashpoint fuel supply system (LFSS) on board the 15,000 TEU Maersk Halifax. The retrofit is scheduled by mid-2024. This pioneering container vessel conversion will enable the vessel to sail on green methanol with dual-fuel capabilities.

“At Alfa Laval, we collaborate with the industry frontrunners in exploring and embracing innovative ways for decarbonization,” said Viktor Friberg, Head of Marine Separation & Fuel Supply Systems, Alfa Laval. 

“The project with Maersk gives us a unique opportunity to take up a new challenge - retrofitting our equipment for methanol use, for the first time. We are immensely proud to extend our expertise to this innovative retrofit project.”

The project will involve adding a new fuel line for methanol alongside the traditional fuel line, respecting the existing space constraints and the tight time schedule. The retrofit of the FCM Methanol is a landmark project that requires advanced engineering and an understanding of the practical considerations of working with methanol.

“We have set an ambitious net-zero emissions target for 2040, and retrofitting of engines on our vessels to run on methanol is an important nut in our strategy. Retrofitting solutions to accommodate new fuel thereby enabling the engine to operate on methanol is a complex task that requires expertise, and we are happy to have Alfa Laval on board on this project,” said Ole Graa Jakobsen, Head of Fleet Technology, A.P. Moller-Maersk.  

With over 80 ships contracted, Alfa Laval added it has the longest experience in methanol FSS installation and service since 2015. It is the only system that has been powering methanol-fuelled vessels so far, with over 450 000 hours of operations.

Photo credit: Alfa Laval
Published: 11 December, 2023

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