Canadian operator Algoma Central Corporation has specified methanol-ready main engine power for two product tankers ordered in South Korea. The 37,000dwt ice-class newbuilds have been fixed on long-term charter to Irving Oil, and will trade out of the company’s Saint John refinery in New Brunswick, hauling cargoes to Atlantic Canada and US East Coast destinations.

Representing a total capital investment of C$127m (US$97m), the vessels have been contracted from Hyundai Mipo Dockyard (HMD), one of the world’s most prolific constructors of handysize tankers. Deliveries are anticipated during the opening quarter of 2025.