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Atlantic Towing buys Platform Supply vessel

2019-06-18

Saint John, NB - Atlantic Towing Limited announced it has entered into a contract with Havyard Ship Technology for the purchase of a state-of-the-art Havyard 833 WE Platform Supply Vessel (PSV), the Atlantic Harrier, for delivery in April 2020.

Designed and built by Norway's Havyard Ship Technology, the Atlantic Harrier is an 89.7-meter vessel with a 1002 square meter deck area, significant cargo tankage, and accommodations for 54 people. The vessel possesses an Ice Class 1B notation and is designed to withstand the harsh operating conditions of both the North Atlantic and the North Sea.

"This is an exciting next step in Atlantic Towing's strategy to grow and continue meeting current and future demands of customers," says Gilles Gagnon, General Manager and Vice President of Atlantic Towing Limited. "The Atlantic Harrier's large cargo capacities, fuel efficiency and low emissions position it as a best-in-class PSV."

Equipped with a hybrid battery-diesel-electric propulsion package, state of the art contra-rotating propulsion drives, Clean Design notation, and Tier III low emission engines, the Atlantic Harrier will leverage 650-kilowatts of installed battery power to fully optimize vessel operating modes to significantly reduce fuel consumption during transit, DP-2 and standby activities.

"This new vessel allows us to expand our offshore capability and delivers a leading-edge design that continues to accelerate the digitization of our fleet, reduces our carbon footprint and helps our customers optimize their supply chain efficiency," says Wayne Power, Group Vice President of J.D Irving's Transportation and Logistics Division. (Photo J,D Irving)

 
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Fednav partners with CargoMetrics Technologies

Fednav s'associe à CargoMetrics Technologies

 

2019-06-17

 

Montréal - Fednav Limited today announces that it has entered into a Development Services Agreement with CargoMetrics Technologies LLC, a maritime innovation company.

Under this agreement, the two companies will work in collaboration to build systems and tools to optimize Fednav's dry bulk fleet. Drawn from the CargoMetrics performance framework, data and signals used to inform chartering decisions will be generated, thereby providing a desired distribution of the Fednav fleet across sea routes.
Paul Pathy, President and CEO of Fednav Limited, remarked: "We are very excited to be partnering with CargoMetrics, who will be a major accelerator of our digital transformation and key contributor to our future success through data analytics and platform optimization."

Celebrating its 75th anniversary this year, Fednav Limited is privately owned and Canada's largest international bulk shipping company. Its fleet is comprised of more than 100 bulk carriers trading worldwide, 63 of these are owned. From offices on four continents, the company operates the largest fleet of Great Lakes-suitable oceangoing vessels, the largest fleet in the world of ice-class bulk carriers, and three ice-breaking cargo ships that service the Arctic twelve months a year. Additionally, the company operates 11 maritime terminals in North America.

CargoMetrics Technologies LLC delivers transformative quantitative investing and maritime shipping solutions, anchored in its proprietary platform that tracks all seaborne cargoes and vessels. Its evidence-based, systematic, and uncertainty-aware approach fuses satellite, port, ship, and other data to produce both micro and macro views of global supply and demand. The Company's team of scientists, engineers, and maritime specialists is based in Boston, MA, USA. (Photo Fednav).

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Canada and Québec contribute to the Port of Valleyfield expansion project

Le Canada et le Québec contribuent au projet d'agrandissement du Port de Valleyfield

 

2019-06-16

 

Salaberry-de-Valleyfield, QC - Marc Garneau, Canada's Minister of Transport, and Claude Reid, Member of the National Assembly for Beauharnois and Parliamentary Assistant to the Minister of Transport, announced on June 14 funding from the governments of Canada and Québec for the Valleyfield Port Expansion Project. The purpose of this project is to solidify the port's strategic position within the Canadian and Québec commercial port system and allow it to take advantage of new business opportunities.

The expansion project will increase vessel berthing capacity by extending one of the existing wharfs, adding a berth and installing a roll-on/roll-off ramp. This will allow the Port to meet current needs and anticipate a future increase in activities related to projects being developed in Northern Québec and new businesses being established in southwestern Montérégie's industrial zone of. The project will also support more than 250 direct and indirect jobs, including 47 during construction.

The overall cost of the project is estimated to be $36 million. The Government of Canada will contribute $12 million through the New Building Canada Fund, Provincial-Territorial Infrastructure Component- National and Regional Projects. The Government of Québec will invest $12 million under the Programme de soutien aux investissements dans les infrastructures de transport maritime [program to support investments in marine transportation infrastructure], and the Port of Valleyfield will contribute $12 million.

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