These new ships will replace the Pool's oldest vessels and become the model for its next generation of ocean self-unloaders. Two of the four jointly designed, 72,250 DWT newbuild ships have been ordered by Algoma and the two others by CSL. The commercial partners have an option to build an additional two vessels. 'We are reinvesting with confidence in a business segment that has performed well for us for many years, alongside our long-term partner, and with YAMIC, a shipyard having a proven track record for quality construction and on-time delivery of these specialized assets,' said
The teams at Algoma and CSL combined their decades of experience in this space to design the optimum ship for the Pool trades, while simultaneously taking yet another leap forward in reducing our carbon footprint.' In line with Algoma and CSL's decarbonization efforts, the new ship design exceeds EEDI Level III requirements and includes Tier 3 engines. The vessels are expected to be 40% more efficient than the ships they will replace owing to a combination of fuel efficiency and optimized cargo lift. 'This joint order represents our long-term commitment to serving our customers safely and sustainably with our ocean-going Pool of ships,' said
Designed with efficiency and versatility in mind, these new vessels will have the advantage of being interchangeable and able to adapt to any trade and operating condition.' The new vessel order will replace the three oldest ships in the Pool and see its fleet size increase to 19. The first vessel delivery is scheduled for
New Vessel Highlights
Designed based on fourth generation Kamsarmax hull form with a cargo capacity of 72,250 metric tonnes
Equipped with methanol-ready engines
Exceeds EEDI Level III requirements and includes Tier 3 engines
Capable of unloading at a rate of 5,000 MT per hour
Algoma owns and operates the largest fleet of dry and liquid bulk carriers operating on the
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