Fleet and steel makes a rhyme

Fratelli Cosulich sails into the new seas with a renewed commitment to dry bulk shipping. Let's explore together the path undertaken by the Group, revealing the strategies that outline this bold chapter of shipowning.

After a period of relative inactivity, Fratelli Cosulich shipowning has reawakened, resuming its exclusive connection with our Singapore fleet built on bunker tanker vessels, but also drybulk vessels, of which Vulcania is the pearl of the fleet. 

M/V Vulcania, the 82,000 gross tonnage Kamsarmax a tribute to the transatlantic built by the Group in the first decades of the 20th century, was purchased in 2015 to oversee this renewed commitment to these type of activities. 
The acquisition, has been followed by the arrival of six additional units, becoming essential pillars in the transport of semi-finished steel products throughout Europe. To ensure revenue stability in a volatile market, we have wisely entered into long-term bare boat contracts.

This shipowning initiative is based on the needs of the steel industry, which was searching for a new method to supply the steel plants in northeastern Italy that require the procurement of steel raw materials. It goes beyond the simple management of ships. We analyzed and researched the best option based on the logistics concerns in partnership with one of the industry's top players. We decided to invest in order to better serve our customers after realizing that smaller dry bulk vessels could reach smaller ports nearer to the steel plants. sharing to them our expertise in logistics.
This symbolizes the Group's innovative approach. It's not just about advanced technologies, but about creative solutions to customer challenges, turning into a strategic partner. Entering the steel logistics landscape represents an integrated approach, building sector expertise piece by piece.

In this journey through marine challenges, the shipowning division emerges as the smartest way to define innovation: finding new solutions to well-know difficulties in operations.