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Algoma orders two self-unloading bulkers at Yangzijiang

Algoma Central Corporation has announced that it has contracts in place, made effective overnight, to build two 740 foot self-unloading bulkers to join the company’s Great Lakes – St. Lawrence Waterway dry-bulk fleet.

The new Equinox Class vessels, which have a designed carrying capacity of 29,300 tonnes, will be built by China’s Yangzijiang Shipbuilding.

“Our search for a shipyard in China to replace the now-bankrupt Nantong Mingde Heavy Industries led us to Yangzijiang,” said Ken Bloch Soerensen, president and ceo of Algoma.

The new order brings the company’s total Equinox Class vessels under construction to seven. In total, Algoma expects to invest approximately $450m in this phase of its fleet renewal program. With the addition of these new ship orders, the company is also reviewing its fleet plan and considering the retirement of certain older vessels.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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