What ECOS does

ECOS S.r.l. is an Italian ship management company headquartered in Genoa that specializes in operating floating LNG regasification infrastructure. Founded in 2010 as a joint venture between EXMAR Shipmanagement (Belgian ship management expertise), Fratelli Cosulich Group (maritime and logistics), and Snam (Italian energy infrastructure), ECOS's core mandate is the management and crewing of the FSRU Toscana, a Floating Storage and Regasification Unit permanently anchored approximately 22 km off the coast between Livorno and Pisa. Under a contract signed in December 2013 with OLT Offshore Toscana S.p.A., ECOS handles complete terminal operations for a facility with 137,100 m³ of LNG storage and a maximum authorized regasification capacity of 5 billion Sm³ per year, making it one of Italy's most critical LNG import assets.

The company delivers a portfolio of services built around the FSRU Toscana asset, including regasification services, small-scale LNG (SSLNG) loading for Mediterranean refueling via the Regasification Capacity Allocation Platform (PAR), peak shaving for energy security, maritime operations, technical management certified by RINA classification society, HSE management, LNG consultancy, and full back-office administration. ECOS is staffed by a small specialized team (11-50 employees) distributed across its Genoa headquarters and Livorno operations office, with technical execution delivered in coordination with EXMAR Shipmanagement and financial/administrative operations handled by Fratelli Cosulich Group.

Revenue is generated primarily through long-term managed services and professional services contracts with LNG infrastructure operators, anchored by the multi-year OLT Offshore Toscana agreement. Secondary revenue streams include SSLNG transaction fees allocated via auction and LNG consultancy engagements. The company holds ISO 9001:2015, ISO 14001:2015, ISO 29001:2011, and ISO 45001:2018 certifications, alongside Italian Legislative Decree 231/2001 and maritime safety compliance documentation, positioning it as a credentialed service provider for highly regulated offshore energy infrastructure operations.

Name

ECOS

Legal name

ECOS S.r.l.

Website

https://ecos-lng.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

ECOS is an Italian ship management joint venture between EXMAR Shipmanagement, Fratelli Cosulich Group, and Snam that manages and crews the FSRU Toscana floating LNG regasification terminal offshore Livorno under contract with OLT Offshore Toscana S.p.A., serving Italy's strategic LNG import infrastructure needs.

Ownership category

akta.pro rank

Headquarters

HQ city

Genoa

HQ country

Italy

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. FSRU Terminal Management Contracts: Long-term contracts for the management and maintenance of floating regasification terminals, including recruitment and management of onboard personnel. Revenue is generated through service fees under multi-year contractual agreements with LNG infrastructure operators.
2. Maritime and Technical Management Services: Technical management services including inspections, repairs, maintenance, procurement of spare parts, and supply contract management for offshore structures and equipment.
3. LNG Consultancy Services: Comprehensive consultancy services including LNG supply chain analysis, project studies for FLNG and FSRU units, and development of integrated management systems.
4. Small-Scale LNG (SSLNG) Services: Service allowing small LNG carriers to load gas directly from the terminal for ship refueling and coastal storage facility deliveries, allocated via auction through the Regasification Capacity Allocation Platform (PAR).

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

ECOS is a maritime ship management and services company that operates and maintains the FSRU Toscana floating storage and regasification unit for OLT Offshore Toscana S.p.A., converting imported LNG into gaseous state for distribution (up to 5 billion Sm³/year). Beyond terminal operations, ECOS provides crew recruitment and management, technical inspections and maintenance in compliance with RINA classification standards, HSE management, and LNG consultancy for FLNG/FSRU projects.

Product overview

ECOS is a specialized maritime infrastructure and services company offering an integrated portfolio of LNG-related services centered around the FSRU Toscana floating regasification terminal. The core offering includes regasification services (converting LNG to gaseous state) and small-scale LNG (SSLNG) distribution services. Supporting these are maritime operations, technical management, HSE management, LNG consultancy, and administrative services. The company operates as a joint venture managing vessels and maritime infrastructure for the offshore Oil & Gas industry, with the FSRU Toscana serving as the central asset for Italy's LNG import infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• FSRU Toscana: Floating Storage and Regasification Unit terminal managed by ECOS, permanently anchored offshore between Livorno and Pisa, with maximum regasification capacity of 5 billion Sm³ per year and gross storage capacity of 137,100 m³.

Products and services

• FSRU Toscana Regasification Services Floating storage and regasification service operated by ECOS for the FSRU Toscana terminal, converting imported LNG from liquid to gaseous state for energy distribution. Designed for LNG terminal operators and energy infrastructure owners (e.g., OLT Offshore Toscana S.p.A.).
• Small-Scale LNG (SSLNG) Service Service allowing small LNG carriers to load gas directly from the FSRU Toscana terminal for ship refueling or delivery to coastal storage facilities in Mediterranean ports. Allocated via auction through the Regasification Capacity Allocation Platform (PAR). Intended for small LNG carriers and coastal storage operators.
• Peak Shaving Service Emergency energy security service enabling rapid regasification of stored LNG during winter peaks to meet elevated demand, established under measures defined by the Italian Ministry of Environment and Energy Security. Targeted at energy security authorities and infrastructure operators.
• Maritime Operations Management Management and crewing contract execution for FSRU Toscana, including vessel operations handling and crew management under ECOS's management contract.
• Technical Management Services Inspections, repairs, and maintenance of structures and equipment in compliance with RINA classification society standards, plus procurement of spare parts and supply contract management for offshore structures.
• HSE Management Services Health, Safety, and Environment management executed by specialists in collaboration with EXMAR's HSEQ department, adhering to an Integrated Management System (IMS) certified to ISO 9001, ISO 14000, and OHSAS 18001 standards.
• LNG Consultancy Services Comprehensive LNG expertise including supply chain analysis, project studies for FLNG and FSRU units, development of integrated management systems, and Ship-to-Ship (STS) transfer documentation and equipment for routine and emergency LNG load transfers.
• Administrative Services Administrative support delivered through Fratelli Cosulich Group, covering accounting and payroll, budgeting, financial management, auditing and control, and tax compliance for ECOS operations.

Quantifiable outcome

• FSRU Toscana handles a significant portion of Italy's LNG imports as one of the country's key energy infrastructures
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Viking Supply ShipsminorStrategic or Co-development Partner · 1 April 2024ECOS selected Norwegian AHTS vessels Odin Viking and Loke Viking, operated by Viking Supply Ships, to tow the FSRU Toscana terminal from Livorno to Marseille for maintenance operations in April 2024.
• OLT Offshore Toscana S.p.A.coreStrategic or Co-development Partner · 20 December 2013ECOS signed a management and crewing contract with OLT Offshore Toscana S.p.A. for complete management and maintenance of the FSRU Toscana floating regasification terminal, including recruitment of highly qualified onboard personnel.
• EXMAR ShipmanagementcoreStrategic or Co-development Partner · 1 January 2010EXMAR Shipmanagement is a joint venture partner in ECOS, contributing extensive experience in ship management. EXMAR oversees all technical operations within the Group in collaboration with ECOS's Livorno office, including inspections, repairs, and maintenance of structures and equipment in compliance with classification society standards.
• Fratelli Cosulich GroupcoreStrategic or Co-development Partner · 1 January 2010Fratelli Cosulich Group is a joint venture partner in ECOS, serving as an international key player in the maritime and logistics sectors. The Group manages all ECOS administrative operations including accounting, payroll, budgeting, financial management, auditing, and tax compliance at the Genoa offices.
• SnamcoreStrategic or Co-development Partner · 1 January 2010Snam is one of ECOS's parent companies, listed as a company of ECOS alongside EXMAR and Fratelli Cosulich. Snam is a major Italian energy infrastructure company.
• RINAminorStrategic or Co-development PartnerRINA serves as the classification society for FSRU Toscana, conducting inspections, repairs, and maintenance in compliance with their standards.

Scale indicators5 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Golar LNG: Owner/operator of FLNG Hilli Episeyo and FSRU Golar Igloo; provides floating LNG infrastructure operations and technical management services analogous to ECOS's FSRU Toscana management scope.
• Excelerate Energy: Houston-headquartered FSRU owner/operator managing a global fleet of floating regasification terminals, including Italy's other FSRU — the closest direct competitor to ECOS's FSRU Toscana operations and LNG terminal management model.
• BW LNG: Major LNG carrier manager operating one of the largest LNG vessel fleets, combining ship management, technical services, and LNG operations — overlapping with ECOS's LNG-specific ship management and crewing capabilities.
• OLT Offshore LNG Toscana: Italian FSRU Toscana owner and ECOS's anchor customer; operates the regasification terminal under ECOS management — directly comparable terminal operating entity, though structurally the customer rather than a competitor.
• Fratelli Cosulich Group: ECOS JV parent and Genoa-based international maritime and logistics group providing ship management, crewing, and logistics services — directly comparable on maritime services and a partner in ECOS itself.
• EXMAR Shipmanagement: Parent JV partner of ECOS and one of the most experienced LNG ship management organizations globally, providing crewing, technical, and HSEQ services to gas carriers and FSRUs — directly overlapping ECOS's core managed-services offering.
• Höegh LNG (now part of Höegh Evi): FSRU owner/operator with multiple floating regasification units under long-term charter and operations agreements — directly comparable to ECOS on FSRU operations, terminal management, and LNG infrastructure services.

Regional players

• Snam: Italian energy infrastructure operator and ECOS JV parent — owns and operates most of Italy's gas transmission grid and is driving FSRU/regasification investments; comparable as upstream Italian gas infrastructure owner-customer.

Broad incumbents

• V.Ships (V.Group): One of the world's largest third-party ship management groups providing crewing, technical management, and HSEQ across vessel types including LNG carriers — broader incumbent with overlapping ship-management capabilities to ECOS.
• Bernhard Schulte Shipmanagement: Global ship management group with technical management, crewing, and offshore-related services across multiple vessel segments including gas carriers — comparable in managed-services model though broader than ECOS's LNG-only focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ecos-exmar-fratelli-cosulich-snam-joint-venture

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ECOS