Fednav Takes Delivery of Its 60th Owned Bulker

Image Courtesy: Fednav

Canada’s dry bulk shipping company Fednav has accepted delivery of its 60th owned bulk carrier, MV Federal Dee.

The 34,500 dwt newbuilding is the latest in a series of 22 box-hold Handysize bulk carriers ordered from Japanese Oshima Shipyard of Japan. The order is part of the company’s fleet rejuvenation and extension program.

Featuring a length of 200 meters and the width of 23.8 meters, the bulker is currently worth USD 22.5 million, VesselsValue’s data shows.

Earlier this year, Fednav inked a 20-year partnership agreement with Glencore to build and operate a new icebreaking bulk carrier to replace the company’s MV Arctic. Scheduled for delivery in 2020, the new 30,000 dwt Polar Class 4 mine support vessel was ordered by Japan Marine United (JMU) Corporation.

“Investing recently more than USD 600 million into its newbuilding program, the company clearly demonstrates continued confidence in the shipping markets and its commitment to the Arctic, St. Lawrence, and Great Lakes trades,” Fednav said in a statement.

Fednav operates a bulker fleet of over 100 owned, long-term chartered and spot chartered ships.

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