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BREZZAMARE

February 5, 2010

Ciane buys second chem tanker newbuild for bunkering role

Italian shipowner Ciane Spa has purchased a second double-hull bunker tanker from Turkish shipbuilder Cicek Shipyard.

The vessel was set to be handed over to the owner at the beginning of February and will start bunkering operations immediately.

In May 2009, Ciane took delivery from Cicek of Chem Flower, the first of a series of four 3,100 dwt IMO II chemical tankers under construction for Cicek's associated shipowning company White Tulip Shipping. It has since been operating successfully as Frecciamare out of Genoa and neighbouring ports as a bunkering tanker. Now Ciane is buying the second vessel in the series, naming it Brezzamare.

Based in Augusta, on the east coast of Sicily, Ciane is part of the Novella Group, headed by Marco Novella and his family, and specializes in coastal tanker and bunker operations. Although Ciane Spa intends using Brezzamare for bunkering duties, operating alongside Frecciamare, the two ships are extremely flexible, being capable of worldwide trading, transporting oil products, chemicals (IMO type II) and vegetable, animal and fish oils.

MarineLine coatings give the ships the ability to carry a wide range of cargoes and maneuverability is guaranteed by the choice of twin azimuthing propellers and a bow thruster. They are BV classed and constructed Ice B standards.

Berke Cicek, Vice President of Cicek Shipyard, says that interest from European owners for such vessels is strong, despite the present state of the shipping market.

"New double-hulled vessels like these are still in demand to replace older " he says, "and because we took the initiative to start construction of the four ships to our own account, new owners benefit from extremely short delivery periods. We are talking to a number of other potential owners and charterers and are confident of finding buyers who can secure immediate and profitable employment for these vessels. We still have two sister vessels from the same series which are waiting for their new owners."

Mr. Cicek says the bunker trades were identified as a strong potential market since many bunker tankers are still single-hull and quite elderly.

"There is a replacement market and there is also a requirement for larger vessels like ours since average ship sizes continue to grow," he says. "Large containerships, for example, take on board substantial amounts of bunkers and they also expect a fast rate of delivery."

"Frecciamare is proving to be an excellent vessel," saysLuca Stegagnini, technical manager Ciane spa and a member of its board. "Being an IMO II chemical tanker, she might be considered to be 'over qualified' as a bunker tanker but we are sure she will prove to be a good longterm investment."

He says the ship's twin azimuthing propellers and powerful bow thruster make it "very popular with our masters" who find its maneuverability helps considerably when coming alongside vessels awaiting bunkers in crowded or otherwise restricted areas.

"More than this though," says Mr. Stegnanini, "we see that her qualities and up to date features will give added value and wider opportunities in actual and future market conditions. For example, while a deep well pumping system may be unusual on a bunker tanker, it offers us the possibility of varying the tank capacities we allocate to different grades of bunker fuel. New regulations on marine sulfur content are expected to see ships bunkering with different grades of fuel at the same time to meet the changing legal requirements as they pass from one emission zone to another. This is a real challenge for operators of older, more traditional bunker tankers."

Frecciamare and Brezzamare: principal particulars

Length (oa): 84.91 m

Length (bp): 77.97 m

Breadth: 12.60 m

Depth: 6.40 m

Design draft: 5.30 m

Scantling draft: 5.40 m

Deadweight: 3,087 tonnes (at 5.30 m draft)

Gross: 1,980 tons

Main engines: 2 x 6-cylinder Mitsubishi S12R-MPTK diesels each generating 940 kW at 1,600 rev/min

Service speed: 11 knots at 85 percent mcr


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