Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Furetank and Algoma order tanker pair at Jinling Shipyard

Photo: Furetank/Algoma Furetank and Algoma Jinling[38].jpg
Furetank and Algoma Central Corporation are expanding their FureBear joint venture with two new 17,999dwt tankers from China Merchants Jinling Shipyard.

The new order for Vinga series vessels grows the FureBear joint venture to a total of ten ships under construction, with the first vessel slated for delivery in the first quarter of 2024. 

The Vinga ships are ice class 1A 17,999dwt product tankers designed by Furetank together with FKAB Marine Design. They all have dual-fuel capability, run on LNG/LBG or gasoil and are fully equipped for shore power. They are designed with a battery hybrid solution and several innovative features that reduce fuel and energy consumption, resulting in extensively lower emissions. The ships have scored the best Energy Efficiency Design Index or EEDI value in their segment globally.

“We see the upcoming phasing out of older tonnage in the market far exceeding the amount of newbuildings underway. Since we launched the Vinga series, no other vessels have been introduced that exceed their environmental performance. This encourages us to expand the series, improving our customer service, while continuously developing and refining the emission-saving technology on board,” said Lars Höglund, CEO of Furetank.

“The closer we get to the delivery of our first FureBear newbuild, the more confident we are that our JV with Furetank will yield superior long-term results. We see a need for more Vinga tankers to ensure that we can support customer demand into the coming years and even decades, and with a best-in-class environmentally friendly design that will stand the test of time,” commented Gregg Ruhl, President and CEO of Algoma Central Corporation.

The two new ships are scheduled for delivery in the second and third quarters of 2026. All ten FureBear vessels will be operated by Furetank out of Gothenburg, Sweden.