Fratelli Cosulich Group of Italy has clinched funding worth €31.5m ($39m) for its new LNG bunker vessel.

The shipowner has tapped a consortium of Italian financiers comprising BPER Banca, Cassa Depositi e Prestiti (CDP), Banca Popolare di Sondrio and SACE, according to Watson Farley & Williams (WFW). The law firm advised Fratelli Cosulich on the deal.

The 8,200-cbm gas carrier is being built at CIMC Sinopacific Offshore & Engineering (CIMC SOE) for handover in June 2023.