Fednav Ltd. Orders 10 Bulk Carriers From Oshima Shipbuilding

Canadian shipping company Fednav Limited announced on Thursday that it has signed a deal with Sumisho Marine Co., Ltd. (Sumitomo Corporation Group) and Oshima Shipbuilding to construct ten new oceangoing bulkers. The vessels will be manufactured at Oshima shipyard in Japan, with the first vessel to be delivered in mid of 2023, as per the expectations.

Image For Representational Purposes Only | Via: Fednav

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The company reported that the new Fednav-Oshima created super-eco lakers represent Fednav’s most efficient vessels to date. Their emissions of carbon gas will be 33% reduced as compared to the vessels they will replace, including a Nitrogen Oxides (NOx) footprint at least 87% lower. They will be delivered provided with Tier III engines and the capability of burning biofuels.

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Paul Pathy, president and CEO of Fednav, said, “We are delighted to include these new vessels to our fleet to support the shipping industry and reinforce our commitment to the Great Lakes St. Lawrence Seaway. These new vessels are aligned with our long-term strategy to invest in our future and support our transition toward more sustainable shipping.”
Fednav currently sets off a fleet of about 120 bulk carriers trading worldwide, out of which 60 are owned.

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