Press Release - Maya Cosulich Launching Ceremony

On 9 October 2025, our Group celebrated the launch of the Maya Cosulich — the world’s first methanol-powered IMO II chemical bunker tanker — at Taizhou Maple Leaf Shipyard.

The ceremony was attended by Ms. Hoe Sook Mei from our Singapore office, who served as the vessel’s Godmother, officially launching the ship with the traditional ribbon-cutting ceremony.

Designed by SeaTech Solutions International Pte Ltd, the Maya Cosulich is equipped with diesel-electric propulsion, onboard battery storage, and two mass flow meters (MFMs). Fully compliant with MPA methanol bunkering standards, she will be among the first methanol dual-fuel bunker tankers to operate in the Port of Singapore, setting a new benchmark for safe and efficient alternative fuel delivery in the region.

Upon her arrival in Singapore at the end of 2025, Maya Cosulich will begin operations under time charter with TFG Marine.

“The delivery of Maya Cosulich is excellent news for TFG Marine and for the Singapore bunkering market. Its addition to our fleet strengthens our ability to offer customers a reliable and transparent supply of marine fuels, while supporting the industry’s transition towards low-carbon alternatives,” said Kenneth Dam, Head of Bunkering at TFG Marine.

“Maya Cosulich represents our commitment to innovation and collaboration in the energy transition. Together with TFG Marine and our partners, we are proving that sustainable solutions can go hand-in-hand with operational excellence,” added Guido Cardullo, our Head of Marine Energy.

The Maya Cosulich project marks a significant milestone in the Group’s ongoing commitment to advancing low-emission, alternative marine fuel solutions — demonstrating that the transition to cleaner fuels is not only possible, but already underway.

Take a look at the gallery of this incredible day.