Fratelli Cosulich takes delivery of second LNG bunkering vessel
Fratelli Cosulich takes delivery of second LNG bunkering vessel - Offshore Energy
Fratelli Cosulich takes delivery of second LNG bunkering vessel
Italian shipowner Fratelli Cosulich has taken delivery of its second LNG bunkering vessel, Paolina Cosulich, from the Nantong CIMC SOE shipyard in China.
This 5,300 dwt vessel, which can carry 8,200 cubic meters of LNG and 500 m3 of MGO, set sail from the Chinese shipyard on February 27, Fratelli Cosulich said in a brief social media update.
Christened and launched on June 26, 2023, Paolina Cosulich is fitted with Wärtsilä’s dual-fuel technology while its propulsion and maneuvering system are of the azimuth type, with a double bow thruster.
The LNG bunkering vessel will go on a two-year charter with PETCO Trading Labuan Company Limited (PTLCL), a trading arm of Malaysian energy major Petronas, under the agreement signed earlier this year.
Paolina Cosulich’s sister vessel and Fratelli Cosulich’s inaugural LNG bunker barge, Alice Cosulich , was delivered and set sail from Qidong, China, towards Europe in October 2023. This vessel has been chartered to Titan Clean Fuels for a multi-year period.
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.