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Fednav welcomes first in series of 14 new ships


MONTREAL, Que. — Fednav Limited has welcomed the latest ship in its fleet, the Federal Sable, at a naming ceremony at Ouhua shipyard, in Zhoushan, China. The ship was named after the town of Sable River, N.S.

The 37,200-DWT handysize bulker is the first in a series of 14 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, in areas like the St. Lawrence River, and will be delivered between 2012 and 2014.

Fednav has also ordered two additional 35,300 DWT bulk carriers at the Oshima Shipyard, to be received in 2012 and 2013.

These 14 vessels represent an investment of more than $400 million.

Officials say the Federal Sable has been built with a number of environmental improvements, including greater fuel efficiency; Tier II engines, which reduce nitrogen oxide emissions; and more powerful ballast pumps and enough space to enable the installation of ballast water treatment equipment.

“The environment is one of our top priorities when we consider the design of a new vessel. It is important to us and also to our customers that our vessels not only respects but exceeds environmental regulations in Canada and worldwide,” said president and co-CEO of Fednav Group, Paul Pathy.


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