Fratelli Cosulich is closing on its first ammonia bunker tanker newbuilding after signing a preliminary deal with a Chinese shipbuilder.

The Italian shipowner said it had signed a memorandum of understanding (MOU) for the newbuild with Nantong CIMC Sinopacific Offshore & Engineering.

Details about the cost of the newbuilding and when it will likely be delivered were not disclosed.

The MOU comes less than a year after Fratelli Cosulich teamed up with compatriot class society RINA and Singapore naval architects SeaTech Solutions to develop an ammonia bunker tanker design.