B for Bank, Banca Popolare di Sondrio and Cassa Depositi Loans to support sustainable mobility in the naval sector. Banca Bper and CDP supported the Fratelli Cosulich Group – global leader in shipping and logistics services related to the maritime transport industry – by finalizing a loan agreement from 31,5 million euro, to which are added 4,5 million euros from the European Commission. A first step towards an infrastructural development oriented towards sustainable mobility with low environmental impact.
In particular, the resources will be used for the construction of a naval vessel that will allow the distribution of natural gas (LNG) in the Mediterranean Sea. A strategic and cutting-edge project not only at national but also at European level.
The project envisages the construction of a gas carrier of approximately 5.300 tons, fueled in turn by natural gas, for the transport and supply service of LNG to large ships, both cruise ships and cargo, in transit in the Mediterranean. He will be able to carry up to 8.000 m3 of gas and will boast the most advanced technologies available.
Furthermore, a system will be installed that will allow for the complete elimination of potential environmental impacts. A project that falls within the objectives of the Green New Deal, the plan that promotes a circular Europe - modern, sustainable and resilient - an area in which SACE has been called to play a central role with its guarantees green, as required by the "Simplifications" Law Decree of last July (76/2020).
The initiative confirms the strategic support of the pool of banks and of SACE to the growth of Italian companies, particularly in this delicate moment of restarting, for the development of alternative power supply models for the commercial naval and cruise sector.
And it demonstrates the concrete will of the Cosulich Group to intervene to safeguard environmental issues and to operate with absolute safety, investing to reduce not only its footprint, but contributing to the infrastructure for the entire shipping and logistics sector. The Watson Farley Williams law firm collaborated to complete the transaction.
Il Cosulich Brothers Group deals with trading and distribution of fuel, maritime agency and logistics. The company, with headquarters in Genoa and plants in other strategic ports throughout the country, has a dense international network in 17 different countries (Brazil, China, England, France, Indonesia, Ireland, Netherlands Antilles, Portugal, Principality of Monaco, Serbia, Singapore, Slovenia, Turkey, the United Arab Emirates, the United States and Vietnam), employing around 2019 employees in 1200 with a turnover of 1,5 billion euros. The Group, made up of 90 companies, owns a fleet of 11 vessels.
