Italy’s Fratelli Cosulich has bolstered its bunkering position, announcing the acquisition of 100% of the shares of Monaco-based trading company Chemoil Monde Export.
“The acquisition is consistent with the growth plans that Fratelli Cosulich has embarked on, focusing on companies that share that same values and long-term view on business,” Fratelli Cosulich noted in a statement.
Fratelli Cosulich’s bunker department has 19 brokers and traders based in New York, Genoa, Singapore, Hong Kong and Tianjin.
Timothy Cosulich, ceo of the company, told Splash today he was looking at buying more bunkering barges.
