Fednav signs agreement for ten newbuildings

Chamber of Shipping > Blog > News > Local > Fednav signs agreement for ten newbuildings

Canadian dry bulk operator, Fednav Limited, has signed an agreement with Sumisho Marine Co., Ltd. (Sumitomo Corporation Group) and Oshima Shipbuilding to build ten new ocean-going lakers. The ships will be built at Oshima shipyard in Japan, with the first vessel expected to be delivered in mid-2023. The new Fednav-Oshima designed super-eco Lakers represent the most efficient vessels to date for Fednav. Carbon emissions will be 33% less than the vessels they will replace, including a Nitrogen Oxides (NOx) footprint at least 87% smaller. They will be equipped with the latest technology, including Tier III engines and the capability of burning biofuels. The new lakers will support Fednav’s sustainability goals, making them an essential asset for the future.

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