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Davie and Seaspan shipyards share one billion dollar frigates maintenance contract

Davie et Seaspan partagent un contrat de un millard de dollars pour l'entretien de frégates

2019-07-16

 

The Government of Canada today awarded contracts to Chantier Davie and Seaspan Victoria Shipyards Limited, initially totalling $1 billion to carry out maintenance work on the first group of Canada's Halifax-class frigates. A similar contract with Irving Shipbuilding Inc. is currently being finalized. Davie and Seaspan will each receive a $500 million contract.

There was no formal announcement concerning Davie's desire to be recognized by the federal government as a full partner of the National Shipbuilding Strategy. Some analysts speculate this could occur in the coming weeks during the general election campaign. In the meantime, Frédérik Boisvert, Davie's VP for Public Affairs, hailed a step in the right direction, declaring "We are witnessing a renaissance of the shipyard for the years ahead. This contract represents an important chapter in the strategic development of the largest Canadian shipyard. It will extent over nearly 20 years and will total a minimum of 2 billion dollars during this period", Mr Boisvert told Maritime Magazine.

These initial five-year contracts guarantee a minimum of 3 frigates for each shipyard, with work planned to begin in the early 2020s. These contracts are expected to rise in value as additional work packages are added.

The contracts are expected to create or sustain up to 400 jobs at each shipyard, plus hundreds of related jobs for marine sector suppliers and subcontractors across the country.

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Canadian government sells stake in Ridley Terminals

2019-07-16

A Canadian crown corporation has signed a deal to sell a 90 per cent stake in Ridley Terminals Inc. (RTI) to a private equity company owned by Riverstone Holdings and AMCI Group for $350 million, with the remaining 10 per cent stake transferred to the Lax Kw'alaams Band and the Metlakatla First Nation at the close of the sale.

Established in 1983, as a federal Crown corporation, RTI operates on Ridley Island near Prince Rupert, British Columbia, where it transfers bulk commodities from rail cars onto ocean-going vessels. The primary commodities handled by RTI are coal, petroleum coke and liquefied petroleum gas (LPG).

Ridley Terminals has been performing well in the past year, marking its 35 years of operations in 2018 with $117.7 million in revenue and a net income of $47 million.

The Canada Development Investment Corp. put the stake in the company up for sale last year.

The deal is subject to the successful completion of a review by the Competition Bureau and other customary closing conditions. (Photo RTI)

 
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Canola exports boost Thunder Bay grain cargo

2019-07-05

The Port of Thunder Bay reported strong cargo volumes at the end of June. Shipments of Prairie grain, the port's primary commodity, remained ahead of last year's pace in June, continuing a three-month trend.

While total cargo volumes are up 7%, year-to-date grain volumes of 2.5 million metric tonnes (MT) are 9% higher than the same period last year. This is largely attributable to a ten-fold increase (+200,000 MT) in canola exports through the port this season. Canola exports from Thunder Bay to Europe and Latin America have surged since China, Canada's largest canola customer, closed its doors to Canadian shipments of the commodity. Canola shipped to China moves through the West Coast ports of Vancouver and Prince Rupert.

Other cargoes crossing the docks in Thunder Bay during June included coal and potash mined in Western Canada, liquid calcium chloride for local consumption and an inbound shipment of pulp and paper mill equipment. (Photo TBPA)

 
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QSL signe pour cinq ans avec ses employés de Baie-Comeau

2019-07-10

Baie-Comeau, QC. QSL a annoncé la ratification d'une nouvelle convention collective avec les employés de son terminal de Baie-Comeau le 9juillet. L'entente, d'une durée de 5 ans, témoigne de la volonté de l'organisation de demeurer un employeur de choix, offrant un environnement de travail stimulant et sécuritaire et de nombreuses perspectives d'avenir.

«Depuis plus de 40 ans, QSL appuie la réussite de ses clients en développant des solutions sur mesure. Nous carburons à l'audace, l'innovation et les défis les plus complexes. Cette culture d'excellence passe évidemment par l'engagement, le talent et la complicité de nos employés. Voilà pourquoi, à travers cette entente, nous sommes fiers de raffermir nos liens de confiance et d'envisager la suite avec enthousiasme. En clair, il s'agit d'une bonne nouvelle pour nos employés, notre organisation et la grande région de Baie-Comeau», de mentionner Antonio Hortas, directeur du terminal Baie-Comeau.

Fortement ancré dans la région, le terminal de Baie-Comeau opère avec succès depuis plus de six ans et compte aujourd'hui 90 employés.  Près de 40 navires en provenance ou à destination des quatre coins du monde y sont débardés chaque année et 1 200 000 de tonnes de marchandises y sont manutentionnées annuellement.

Reconnu pour ses initiatives en développement durable et sa volonté de minimiser l'impact de ses activités sur l'environnement et les communautés avoisinantes, ce terminal est également certifié Alliance verte, un rigoureux programme de certification environnementale pour l'industrie maritime nord-américaine. Photo: QSL

 
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Rand Logistics appoints Peter Coxon as CEO

2019-07-04

Jersey City, NJ - Rand Logistics, Inc., a leading provider of bulk freight shipping and ship repair services throughout the Great Lakes Region, has announced the appointment of Peter Coxon as Chief Executive Officer ("CEO"). He will also join Rand's Board of Directors.

Mr. Coxon brings over 30 years of maritime industry experience to Rand as both an operator and customer. His experience includes senior leadership roles in a number of organizations, including SEACOR Holdings Inc., the Atlantic Richfield Company, and Par Petroleum (now Par Pacific). He has led multiple businesses and corporate functions, including serving in leadership positions in marine logistics and vessel construction, energy marketing and logistics, refining and marketing, information technology, startups, and mergers and acquisitions.

Prior to his private sector career, Mr. Coxon served for 13 years as a commissioned officer in the United States Coast Guard and Coast Guard Reserve. He holds two Master's degrees from the Massachusetts Institute of Technology (MIT) as well as an MBA in finance from the University of Southern California. He is a graduate of the United States Coast Guard Academy.

"We are thrilled to partner with Peter to lead Rand into its next stage of growth," stated Jason Perri, a Rand Board Member and Partner at American Industrial Partners, Rand's owner. "Peter has an excellent track record of success in growing and transforming similar businesses." (Photo Rand Logistics)

 
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