CSL and Algoma order a new generation of oceangoing methanol-ready vessels

The CSL Group and Algoma Central Corporation, together forming the CSL International Pool, have announced their orders for the construction of four new methanol-ready Kamsarmax-based ocean belt self-unloading vessels. The newbuilds will replace the pool’s oldest vessels and become the model for its next generation of oceangoing self-unloaders.

“The teams at Algoma and CSL combined their decades of experience in this space to design the optimum ship for the pool trades, while simultaneously taking yet another leap forward in reducing our carbon footprint," said Gregg Ruhl, Algoma’s President and CEO.

Algoma has ordered two of the four jointly designed 72,250 DWT newbuilds, while CSL has ordered the other two. The partnered ship owners have an option to order an additional two vessels.

In line with Algoma and CSL’s decarbonization efforts, the new ship design exceeds EEDI Level III requirements and includes Tier 3 engines. The vessels are expected to be 40% more efficient than the ships they will replace through a combination of fuel efficiency and optimized cargo lift.

“Designed with efficiency and versatility in mind, these new vessels will have the advantage of being interchangeable and able to adapt to any trade and operating condition,” said Louis Martel, CSL’s President and CEO.

The first vessel’s delivery – an Algoma ship – is scheduled for July 2025. The subsequent deliveries are expected to be made at three-month intervals.