Dean,
1. The resale 11,240 dwt newbuilding "Algonova" appears to have been delayed at the shipyard, delivery was expected June/July. No news on updated delivery schedule.
2. Algoma entered into an agreement with Bernhard Schulte, Sloman Neptun and Intrepid shipping to establish a new chemical/products tanker pool for vessels in the 16000 - 25000 dwt range. Consequently, Algoma contracted 3 x 16,000 dwt IMO2 vessels to be built at Jiangzhou Shipyard for delivery 2011.
3. In conjuction with pool partners, Algoma ordered a further 2 x 25000 dwt IMO2 vessels at Nantong Mingde for delivery 2010/2011
Hope that helps,
Phil