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Fednav inks agreement for 10 newbuilds

Fednav Limited has signed an agreement with Sumisho Marine Co Ltd (Sumitomo Corporation Group) and Oshima Shipbuilding to build 10 new oceangoing Lakers.

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The ships will be built at Oshima shipyard in Japan, with the first vessel expected to be delivered in mid-2023.


Canada’s largest dry bulk shipping group said that the new Fednav-Oshima designed super-eco Lakers represent the most efficient vessels to date for Fednav.


Their carbon emissions will be 33% less than the vessels they will replace, including a nitrogen oxide footprint at least 87% smaller. They will be delivered equipped with the latest technology, including Tier III engines and the capability of burning biofuels.


“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,” said Paul Pathy, president and CEO of Fednav.


“These new vessels are aligned with our long-term strategy to invest in our future and support our transition toward more sustainable shipping.”


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