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Fednav places order for ten new biofuel capable Ocean-going Lakers

Fednav Ltd, Canada's largest dry bulk shipping group, has announced that it has signed an agreement with Sumisho Marine Co., Ltd, a Sumitomo Corporation Group company, and Oshima Shipbuilding to build ten new Ocean-going Lakers. The ships will be built at the Oshima shipyard in Japan, with the first vessel expected to be delivered in mid-2023.

Fednav Ltd, Canada’s largest dry bulk shipping group, has signed an agreement with Sumisho Marine Co., Ltd, a Sumitomo Corporation Group company, and Oshima Shipbuilding to build ten new Ocean-going Lakers. The ships will be built at the Oshima shipyard in Japan, with the first vessel expected to be delivered in mid-2023 (photo courtesy Fednav).

Fednav is a privately owned shipping company and operates a modern fleet of about 120 bulk carriers trading worldwide, of which 60 are owned by the company. The new Fednav-Oshima designed super-eco Lakers represent the most efficient vessels to date for the company.

Their carbon emissions will be 33 percent less than the vessels they will replace, including a nitrogen oxides (NOx) footprint reduction of at least 87 percent. The vessels will be delivered fully equipped with the latest technology, including Tier III engines and the capability of burning biofuels.

The new Lakers will support the company’s sustainability goals, making them an essential asset for the future.

We are delighted to include these new vessels in 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, said Paul Pathy, President and CEO of Fednav.

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