Splash 247

Fratelli Cosulich lands in Dubai for bunker trading

Fratelli Cosulich lands in Dubai for bunker trading

Array
(
    [0] => WP_Term Object
        (
            [term_id] => 66
            [name] => Bunkering
            [slug] => bunkering
            [term_group] => 0
            [term_taxonomy_id] => 66
            [taxonomy] => category
            [description] => Stay updated on what's going on in the bunkering sector by browsing the bunkering news archive. Find the latest maritime and shipping news on Splash 24/7.

Read the latest news about bunkering. Browse Splash 24/7 for more maritime and shipping news.

            [parent] => 54
            [count] => 164
            [filter] => raw
            [cat_ID] => 66
            [category_count] => 164
            [category_description] => Stay updated on what's going on in the bunkering sector by browsing the bunkering news archive. Find the latest maritime and shipping news on Splash 24/7.

Read the latest news about bunkering. Browse Splash 24/7 for more maritime and shipping news.

            [cat_name] => Bunkering
            [category_nicename] => bunkering
            [category_parent] => 54
        )

    [1] => WP_Term Object
        (
            [term_id] => 70
            [name] => Europe
            [slug] => europe
            [term_group] => 0
            [term_taxonomy_id] => 70
            [taxonomy] => category
            [description] => Stay updated on what's going on in Europe by browsing the European region news archive. Find the latest maritime, offshore and shipping news on Splash 24/7.

Find here the updated list of the latest news about the European region. Browse Splash 24/7 for more maritime and shipping news.
            [parent] => 55
            [count] => 4627
            [filter] => raw
            [cat_ID] => 70
            [category_count] => 4627
            [category_description] => Stay updated on what's going on in Europe by browsing the European region news archive. Find the latest maritime, offshore and shipping news on Splash 24/7.

Find here the updated list of the latest news about the European region. Browse Splash 24/7 for more maritime and shipping news.
            [cat_name] => Europe
            [category_nicename] => europe
            [category_parent] => 55
        )

)

Genoa-based Fratelli Cosulich Group has just announced that a new office in Dubai has been opened to strengthen its position in the Middle Eastern market for bunker trading, especially in the nearby port of Fujairah. The Italian family-owned conglomerate thus added a seventh base in its international network with direct offices based in Genoa, Hong Kong, Monaco, Singapore, Haiphong and New York.

Fratelli Cosulich Middle East DMCC will operate in a market region considered strategic for the group.

“It’s not only for bunker trading but also for other activities our company is involved in, such as ship catering, crewing, freight forwarding and yachting,” Timothy Cosulich, ceo of the company, told Splash. The budget for the first year of activity in Dubai is to trade some 500,000 tons of bunkers.

In 2016 Fratelli Cosulich, which acts also as a physical supplier in the port of Singapore, sold some 5m tons of bunkers worlwide and has recently bought a second-hand bunker tanker renamed Luisella Cosulich.

“The last new entry was the fifth unit in our fleet active in Singapore but we are already looking for the sixth on the market,” said Cosulich.

Share this article

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.

Related Posts