New methanol-ready product tanker joins Algoma
Canadian shipping company Algoma Central Corporation and compatriot refining company Irving Oil have welcomed their first new methanol-ready product tanker.
The 37,000 dwt Algoma East Coast arrived in Saint John Harbour on April 28, 2025. The newbuilding features a length of 184.08 meters and a width of 27.40 meters.
The Algoma East Coast and the Algoma Acadian – the latter of which will arrive later this spring – are ice class product tanker vessels ordered by Algoma in 2023 and constructed at the Hyundai Mipo Shipyard in South Korea.
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Algoma orders methanol-ready product tanker duo at Hyundai Mipo
Both vessels will be on long-term time charter to Irving Oil under the Canadian flag.
Being shore power-ready, the vessels will service Canada’s largest refinery with deliveries to ports in Atlantic Canada and the U.S. East Coast. The vessels represent a total investment of $127 million by Algoma in partnership with Irving Oil.
“Algoma is excited to welcome the Algoma East Coast, and soon, the
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