Fratelli Cosulich Group is pleased to announce its collaboration with Titan, as we strengthen our position in the European LNG bunkering market. Today, we signed a long-term time charter agreement with Titan for our state-of-the-art LNG bunker vessel, Alice Cosulich.
Alice Cosulich, recently delivered to Titan in Asia, will commence operations in Europe in Q4 of this year. Capable of handling complex operations like cooldowns and gas-ups, Alice Cosulich has a bunkering capacity of 8,200 m3 for LNG, meeting the growing demand for lower carbon emission solutions in the maritime industry. This strategic agreement, with an extension option, marks a significant milestone in consolidating our leading position in Marine Fuel & LNG activities.
Timothy Cosulich, CEO of Fratelli Cosulich Group, added,
“I congratulate Titan on effectively adding our ‘Alice Cosulich’ to their growing fleet of LNG bunker vessels. As Titan continues to lead the way and establish new benchmarks in the maritime fuel industry, we are proud to be part of their journey and enthusiastic about this cooperation.
At Fratelli Cosulich Group, we adopt a long-term outlook and invest in resources that assist the maritime sector in achieving its objectives for lowering emissions.
Our collaboration with Titan exemplifies our strong belief in forming partnerships to deliver innovative solutions that will effectively reduce our carbon footprint globally in a sustainable manner. We look forward to the arrival of Alice’s twin in the first quarter of 2024.”
Michael Schaap, Commercial Director Marine at Titan, commented,
“This long-term agreement strengthens our collaboration with Fratelli Cosulich and further enhances our LNG and LBM bunkering capabilities to meet growing demand in Europe. Our comprehensive LNG supply infrastructure allows the shipping industry to start delivering on decarbonization now. Both LNG and LBM are available today and enable ship operators to reduce emissions straight away. We believe in a multi-fuel future and, thanks to our team’s specialist expertise, we will supply other clean fuels when they become feasible.”
The Fratelli Cosulich Group is pleased to support Titan as they set new benchmarks for the maritime fuel sector. Through this partnership, we demonstrate our commitment to sustainably providing innovative solutions to reduce the global marine carbon footprint with the cooperation of all stakeholders.
About Titan
Titan has been a leading supplier of liquefied natural gas (LNG) and liquefied biomethane (LBM), also known as BioLNG, since its establishment in Amsterdam in 2012. Titan specializes in providing shipping customers with end-to-end clean fuel solutions.
Source Fratelli Cosulich Group