JO Tankers Order 8 MR Product Tankers from China Shipyard
JO Tankers has placed an order for eight 33.000 dwt stainless-steel chemical tankers at China’s New Times Shipbuilding, with deliveries scheduled for 2016 and 2017. The deal consists of firm and optional contracts. The new buildings will join Milestone Chemical Tankers – the jointly owned chartering and marketing arm of JO Tankers and Tokyo Marine. JO Tankers say that the new-buildings will be built to the highest specification. The combination of modern design and modern engines will reduce the fuel consumption by 25% compared to other designs.
New Laker Homeward Bound from China
Algoma Central Corporation's 'Algoma Equinox', the first in a series of eight Equinox-class ships, has set sail from the Nantong Mingde Heavy Industries shipyard in Nantong, China bound for Canada. The series consists of four gearless bulk carriers and four self-unloading bulk carriers. Algoma will own six of the series, consisting of two gearless bulkers and four self-unloading vessels. CWB Inc., formerly the Canadian Wheat Board, will own the other two gearless bulkers, which will be operated and managed by Algoma.