Fednav Ltd. signed a long-term contract to transport nickel and copper concentrates from Canadian Royalties' Nunavik Nickel Project in northern Quebec to customers in Europe, as well as handle the import of mine supplies and equipment from Europe.
To service the contract, Fednav placed an order with Sumitomo Corp. and Universal Shipbuilding in Japan to design and build an ice-breaking bulk carrier with a design deadweight of 25,000 tons. The vessel is scheduled for delivery in December 2013.
Fednav already owns and operates two of the world's most powerful ice-breaking vessels, the Arctic
and Umiak I
. Based in Montreal, the Fednav Group is the leading Canadian operator in the deep-sea bulk market, operates year-round in ice-covered waters, and has the world's largest fleet of ice-class vessels.
Canadian Royalties is a mining company based in Quebec and owned by Jilin Jien Nickel Industry Co. Ltd. of China through its Canadian subsidiary Jien Canada Mining Ltd.