Fednav Adds 60th Owned Dry Bulk Vessel
Canada's Fednav Limited takes ownership of a 60th bulk carrier, an important milestone in Fednav's history. This vessel, the MV Federal Dee, is the latest in a series of 22 box-hold handysize bulk carriers of 34,500 deadweight tons ordered from Oshima Shipyard of Japan since 2013.
As the world's largest operator of ice-class dry-bulk carriers
and Canada's leading ocean-going, dry-bulk shipowning and
chartering group, Fednav operates a modern and high-performing
bulker fleet of over 100 ships, the majority of which are owned.
The company continues to invest extensively in its fleet
rejuvenation and extension program to offer customers the highest
quality ocean transportation solutions, while reducing the
fleet's environmental footprint.
Earlier this year, Fednav also contracted for the replacement of
its MV Arctic by ordering a new 30,000 DWT Polar Class 4 mine
support vessel from JMU Shipyard of Japan. The ship will be
flagged under Canadian registry and begin service as of 2020.
Known for its expertise in navigating in ice, Fednav has for over
60 years played a leading role in promoting Arctic development
and export. The company operates the three most powerful
ice-breaking bulk carriers in the world offering year-round
services transporting nickel and copper concentrates southbound
and returning with all mine resupply material including Arctic
diesel oil.
Investing recently more than US $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 is a privately owned shipping company The company employs
260 office staff worldwide-160 in its Montreal headquarters-and
maintains commercial offices overseas in Antwerp, Charlotte,
Hamburg, Rio de Janeiro, Singapore, St. John's, and Tokyo.
Jul 15, 2018