Algoma Inks Contract for a New Equinox Class Self-Unloading Vessel

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  • Algoma Central Corporation announced today that it has entered into a contract with Yangzijiang Shipyard.
  • Equinox Class standards to achieve better fuel efficiency, improved speed at lower engine power, and enhanced deadweight capacity.
  • Algoma took delivery of the vessel in early April and its voyage to Canada commenced on April 29th.
  •  It also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma.

Algoma Central Corporation announced that it has entered into a contract with Yangzijiang Shipyard in Taicang City, China to build a new Seaway-Max self-unloading vessel for its domestic dry-bulk fleet, says a press release published on their website.

About the Contract

The as-yet-unnamed vessel will be the first of the new Equinox 2.0 Class, a design that builds on the original Equinox Class standards to achieve better fuel efficiency, improved speed at lower engine power, and enhanced deadweight capacity. 

About the vessel

Weight-saving innovations 

The new Equinox 2.0 incorporates sev design changes, including various weight-saving innovations and a reconfigured stern that incorporates a dual-rudder design to increase cargo hold size, resulting in an increase in the capacity of the vessel by approximately 1,440 metric tonnes.

Handling of sticky cargoes

Other design improvements include an efficiency upgrade to the propeller and changes in the shape of cargo holds to improve the handling of certain “sticky” cargoes.

Improvement in Vessel Design

“We are very excited to exercise one of our options at the YZJ shipyard for the first Equinox 2.0 vessel,” said Gregg Ruhl, President and Chief Executive Officer of Algoma. “Our in-house design team is relentless in their pursuit of improvements in our vessel designs. Each previous Equinox Class ship incorporated modest improvements over its predecessors, as we learned more about the vessels during construction and as they entered operations. The changes made for this vessel were such an improvement over the previous design that we feel adding a version number to the design name makes sense,” Mr. Ruhl continued.

New Equinox Class gearless bulker

Algoma also reports that Captain Henry Jackman, the Company’s new Equinox Class gearless bulk carrier, is making good progress on its homeward journey. 

Other deliveries

As previously announced, Algoma took delivery of the vessel in early April and its voyage to Canada commenced on April 29th. The delivery voyage has been going remarkably well, demonstrating that the effort Algoma has invested into incrementally improving the design of Equinox Class ships is already showing promising dividends. 

A similar power setting to those used on the previous delivery voyages, Captain Henry Jackman has an overall slightly lower daily fuel consumption but is making a much better speed. 

Expected arrival

Weather permitting, the ship is expected to arrive in Panama on June 6th and transit the canal on June 7th, before starting the final leg of the delivery voyage across the Caribbean and up the US East Coast to enter the St. Lawrence River. Captain Henry Jackman is expected to arrive in Montreal around June 19th and will join the Algoma dry-bulk fleet as an operating vessel following a flag change and completion of inspections and other Canadianization procedures.

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Source: Business Wire

 

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