Algoma and CSL order four new methanol carriers

Algoma Central Corporation and CSL have ordered four new methanol-ready self-unloading bulk carriers at Jiangsu Yangzi-Mitsui Shipbuilding (YAMIC).

The order placed at the joint venture between China’s Yangzijiang Shipbuilding and Japan’s Mitsui E&S Shipbuilding has been split between the partners, who together form the CSL International Pool.

The 72,250 dwt newbuilds will replace the three oldest ships in the pool and see its fleet size increase to 19. The first vessel delivery is scheduled for July 2025, beginning with an Algoma ship. The subsequent deliveries are expected every three months, and Algoma and CSL have the option to build an additional two vessels all of which are expected to be 40% more efficient than the ships they will replace.