Four New Methanol-Ready Vessels to be Built to ABS Class for Algoma
Order for Two Product Tankers from Algoma Follows Order for Two Methanol-Ready Bulk Carriers (HOUSTON) Algoma Central Corporation (Algoma) has ordered two, methanol-ready, 37,000-DWT, ice class product tanker vessels to be built to ABS Class. This CAN$127m investment followed an order for two, new, 72,250-DWT, methanol-ready, Kamsarmax-based ocean belt self-unloading vessels that will also be built to ABS Class from Algoma. The new product tankers will be entered on long-term time charters under Canadian flag, trading primarily from Saint John, New Brunswick, with deliveries to