Fratelli and PTLCL Ink Charter Deal for New LNG Bunker Barge

by Admin
Fratelli Cosulich and PTLCL Petronas LNG Bunker Vessel

Leading the charge in the marine energy industry, Fratelli Cosulich has inked a significant two-year charter agreement for its cutting-edge LNG bunker barge, Paolina Cosulich, with PETCO Trading Labuan Company Ltd (PTLCL), the trading arm of PETRONAS, a global Malaysian energy company.

Operated under PTLCL, a key player in global energy solutions with a network spanning Southeast Asia, Japan, the Middle East, and South Africa, Paolina Cosulich is poised to meet the rising demand for LNG as a bunker fuel in the Straits.

Guido Cardullo, Head of Business Development at Fratelli Cosulich, expresses his satisfaction, saying, “I am extremely pleased with the agreement we have reached with PTLCL, a trading arm of PETRONAS. It underscores our mutual commitment to advancing alternative fuels, and I am excited for a fruitful and long-lasting partnership.”

The LNG bunker barge boasts a substantial cargo capacity of 8,200 cubic meters, positioning it as an ideal vessel for bunkering and intricate operations, including cooldowns and gas-ups for various vessel types. Beyond LNG, Paolina Cosulich has the capability to provide 500 metric tons of Marine Gas Oil (MGO), offering flexibility to accommodate diverse fuel requirements.

This agreement solidifies the joint commitment of Fratelli Cosulich and PTLCL to champion sustainable practices in the maritime sector, propelling the adoption of LNG as a cleaner alternative to traditional marine fuels.

About Fratelli Cosulich Group

Fratelli Cosulich Group is a global shipping and logistics player with a rich history from 1857. It is still owned by the Cosulich family in its seventh generation, counting 14 business units, 133 companies, and spanning 27 countries from Asia, Europe, and the Americas. Since 1969, the Group has been a leading player in the marine fuel industry, operating as a bunker trader, and owning a fleet of bunker tanker vessels and two LNG small scale bunker vessels in the Bay of Singapore.

Source Cosulich Marine Energy