Ecommerce related deals made up 4.9% of all deals announced in the ship equipment supply

Canada-based bulk shipowner Fednav has signed a shipbuilding agreement with Sumisho Marine and Oshima Shipbuilding for ten new ocean-going Lakers.

Japan’s Oshima shipyard will be responsible for the construction of these new ships.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The first newbuild is anticipated to be delivered in mid-2023.

Fednav claimed that the Lakers will serve as the most efficient vessels in its fleet.

Compared to the vessels they would replace, the new ships will emit less carbon and nitrogen oxides (NOx) by up to 33% and 87%, respectively.

All the new ocean-going Lakers will feature the ‘latest’ technology such as Tier III engines and the capability to use biofuels.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Fednav president and CEO Paul Pathy said: “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.

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

In April, Fednav received its latest Polar Class 4 icebreaking bulk carrier, named MV Arvik I.

This new Canadian-flagged vessel replaced its 43-year-old MV Arctic.

From mid-May, Arvik I started operating between the St Lawrence River ports and Deception Bay, servicing Glencore’s Raglan Mine.

In 2016, Fednav welcomed a new ocean-going Laker, Federal Caribou, to the Port of Indiana’s Burns Harbour.

Fednav’s fleet includes nearly 120 bulk carriers that trade globally. Out of these, around 60 ships are owned by the company.