Fratelli Cosulich Group CEO and Board Member, Timothy Cosulich, has shared Fratelli Cosulich Marine Energy’s forward-looking strategy to address the significant changes and challenges in the marine energy sector.
Shipping will increasingly rely on a diverse mix of marine fuels, each catering to specific needs depending on vessel type, region, and regulatory requirements. This profound shift led the company to rebrand its business unit from Marine Fuel to Marine Energy last year, reflecting the evolving realities of the maritime industry, rather than just a catchy slogan.
While the future of marine fuels remains uncertain, Timothy Cosulich emphasized that the company has established Three Key Pillars to guide its growth and adaptability in this changing landscape. Quoting, “You can’t control the wind, but you can adjust your sails,” Cosulich underscored Fratelli Cosulich’s commitment to leading the industry through innovation and resilience.
These three strategic pillars form the foundation upon which Fratelli Cosulich Marine Energy is building its future growth.
1. A Diversified Fleet
Fratelli Cosulich is positioning itself to meet the diverse energy needs of the global maritime industry. The company’s fleet expansion includes the Alice e Paolina Cosulich, newly built LNG bunker and small-scale vessels, which will be joined by two methanol-ready chemical bunkering tankers set for delivery in 2026. In addition, the company is actively renovating its fleet in Singapore to cater to the rising demand from the global order book over the next five years. This diversification ensures Fratelli Cosulich is well-equipped to provide a broad range of fuel solutions to meet specific regional and vessel needs, staying at the forefront of innovation in marine energy supply.
2. Developing and Structuring Knowledge
Transitioning to new fuel types is a complex process that involves more than just acquiring the right vessels. To fully understand and anticipate market needs, Fratelli Cosulich has assembled a specialized team focused on the transition to alternative fuels. This includes the appointment of a Head of New Fuels, whose role is to dive deep into the evolving fuel landscape. The company’s investment in knowledge and expertise gives its stakeholders confidence that it is prepared for the upcoming challenges and opportunities in the marine energy market.
3. Creating Synergies Across the Supply Chain
As the marine energy sector continues to evolve, collaboration and partnerships across the supply chain will be crucial for long-term success. Cosulich stressed the importance of building tighter connections with both upstream and downstream stakeholders to capitalize on new business opportunities. By fostering synergies across the marine energy supply chain, Fratelli Cosulich aims to remain competitive and adaptive to the significant changes taking place in the industry.
Timothy Cosulich qoated,”Today, the industry is in rough waters, but we know that a ship in harbour is safe, yet that is not what ships are built for.” These three pillars—fleet diversification, knowledge development, and supply chain synergies—are the foundation for Fratelli Cosulich’s growth strategy and leadership in the evolving marine energy market.
About Fratelli Cosulich Marine Energy – A Global Leader in Bunkering
Since 1969, Fratelli Cosulich has been a pioneering force in the maritime energy sector. As a global leader, Fratelli Cosulich Marine Energy provides top-quality marine energy services to cargo and cruise ships worldwide, setting industry benchmarks and fostering enduring partnerships.
With a mission to ensure the seamless supply of high-quality marine energy at competitive rates, Fratelli Cosulich has established a strong global presence. The company operates 11 strategically located offices and boasts a team of over 100 professionals. Over the past five years, Fratelli Cosulich has invested more than $150 million in expanding and modernizing its fleet, aligning with evolving maritime regulations and maintaining its commitment to excellence and sustainability.
Key Services:
- Bunker Trading: Fratelli Cosulich’s bunker trading operations align global fuel supply demands with competitive market offers, providing exceptional customer service.
- Ship Management: The company strategically invests in physical assets, owning two small-scale LNG vessels and a fleet of barges operating in Singapore, a crucial global shipping hub.
- Physical Supply: Fratelli Cosulich offers high-quality bunker fuels in key global ports, including Singapore and Genoa. With ISCC Certification, the company supplies superior fuels and biofuel blends, contributing to a cleaner and more efficient maritime future.
- Small-Scale LNG: Fratelli Cosulich’s small-scale LNG units, proudly flying the Italian flag, embody the company’s dedication to excellence, safety, and environmental responsibility. These vessels showcase cutting-edge technology designed for optimum efficiency.
With over five decades of leadership in the maritime energy industry, Fratelli Cosulich remains committed to trust, innovation, and sustainability, driving the decarbonization of the global shipping industry.