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Port of Indiana greets new Fednav ship with innovative ballast system

2016-08-24

Fednav Limited, the largest international bulk shipowner in Canada, welcomed to the Port of Indiana-Burns Harbor on August 23 the Federal Caribou , one of seven new oceangoing lakers equipped with a ballast water treatment system that is a first for the Great Lakes. This vessel protects the Lakes by treating its ballast water two times: by conducting an exchange in the North Atlantic, and through filtration and a chlorine disinfection treatment on the ship.

The Federal Caribou is part of a series of 16 Handysize vessels, representing an investment by Fednav of more than $400 million and designed specifically for the Great Lakes. Of particular interest: the Federal Caribou and its sister-ships have box-shaped holds in order to facilitate the handling of general cargo.

In April 2015, Fednav announced the signing of an agreement with JFE Engineering Corporation for the installation of ballast water treatment systems (BallastAce) on board its new ocean-going lakers. The Federal Caribou is one of those ships, and its voyage to Burns Harbor highlights the fact that Fednav is the first shipping company in the Great Lakes to treat ballast water using an onboard system. JFE is now pursuing US Coast Guard certification, with expected approval in 2017.

Other outstanding environmental characteristics of these vessels include: 25% fewer greenhouse gas emissions than similar vessels built less than 15 years ago ; a decrease of over 15% nitrogen oxide emissions ; and a CLEAN notation from the DNV/GL classification society.

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Fednav announces corporate leadership change

Changement à la direction de Fednav

2016-08-22

Fednav Limited of Montreal has announced that effective September 10, Paul Pathy will assume responsibility as the sole Chief Executive Officer of Fednav Limited and of Fednav International Ltd (FIL).

Since 2010, Paul and Mark Pathy have successfully led Fednav Limited as co-CEOs, and Mark as President and CEO of Fednav International Ltd. (FIL) since 2008. However, as shareholders, Paul and Mark have concluded that it would be best for Fednav to operate under one leader.

"In his role as co-CEO of Fednav Limited and President and CEO of FIL, Mark has played a significant, indeed essential, leadership role in ensuring the success of the company during a period marked by considerable changes in the market and in our commercial staff. While he is resigning from his positions, he will continue to be involved in the company's activities as a major shareholder and member of the Board," stated Laurence Pathy, Chairman of the Board.

Paul Pathy joined Fednav in 2003 as Vice-President and General Manager of Federal Marine Terminals, moving to Senior Vice-President of the Business Development Group in 2007. Since 2010 he has been responsible for various company departments including the Shipowning, Arctic Operations, and Projects group, as well as Finance, Investment, and Risk Management. (Photo: Fednav).

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McInnis announces plans for new cement ship

2016-08-10

McInnis Cement, a new cement company in North America, announced plans to utilize a first of its kind, ecologically efficient, self-discharging dry bulk cement carrier. The 15,000 DWT vessel will be time chartered under a long-term agreement. The ship, which was built in 2011, is currently undergoing conversion in China to a cement carrier by its owner NovaAlgoma Cement Carriers Limited. NovaAlgoma is a recently-formed  joint venture between Algoma Central Corporation of St. Catharines, ON and Nova Marine Holding of Luxemburg aimed at building a modern fleet of cement carriers to support infrastructure projects worldwide.

The conversion will include the installation of a state-of-the-art cement unloading system delivered by Van Aalst Marine & Offshore, as well as, a hybrid exhaust gas scrubber system capable of operating in both fresh and salt waters.

McInnis is a privately-held company with corporate headquarters in Montreal, QC and U.S. headquarters in Stamford, CT.

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