MONTREAL: Fednav Limited has added the Federal Sable to its fleet at a naming ceremony at Ouhua shipyard, in Zhoushan, China. The ship is a 37,200 DWT, handysize bulker that Fednav said has a reduced environmental impact that also signals a period of growth and renewal for the Fednav fleet.
“With this investment, Fednav further demonstrates its confidence in the continued growth of its business,”said Paul Pathy, president and co-CEO of Fednav Group.
The Federal Sable is the first in a series of fourteen new ships ordered from Japanese and Chinese shipyards. Last year, Fednav signed for eight 37,200 DWT ice-class bulk carriers at Ouhua Shipyard, to be delivered in 2011 and 2012, of which the Federal Sable is the first. Also last year, Fednav ordered four ice-class bulk carriers with long-term partners, Sumitomo Corporation and Oshima Shipyard. These 55,000 DWT vessels will be built for trading in winter conditions, such as along the St. Lawrence River, and will be delivered between 2012 and 2014. Fednav also has ordered at the Oshima Shipyard two additional 35,300 DWT bulk carriers, to be received in 2012 and 2013. All 14 vessels represent an investment of $14 million.
Fednav said the Federal Sable has been built with a number of environmental improvements:
- A larger cargo load, thus emitting less greenhouse gases and other air emissions;
- The Federal Sable and its sister ships have Tier II engines, which reduce nitrogen oxide emissions.
- The design uses more powerful ballast pumps and enough space to enable the installation of ballast water treatment equipment. Fednav said it’s testing a new ballast water treatment method on one of its vessels this year.
“The environment is one of our top priorities when we consider the design of a new vessel,” said Pathy. “It is important to us and also to our customers that our vessels not only respects but exceeds environmental regulations in Canada and worldwide.”
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