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CMC outlines 2019 maritime policy wish list

La CCM présente sa liste de souhaits pour la politique maritime pour 2019

2019-01-23

Chamber of Marine Commerce President Bruce Burrows has unveiled a 2019 wish list, including changes to pilotage structures across Canada, for legislative and policymakers designed to make Great Lakes-St. Lawrence and coastal shipping more competitive and build on the remarkable growth of the 2018 season. He outlined this list during the annual CMC industry luncheon that was part of the 60th anniversary events  on Jan. 17-18 of the Marine Club in Toronto.

St. Lawrence Seaway cargo volumes increased almost 7 per cent in 2018, reaching 40.9 million metric tons for the first time since 2007.

"Despite an unpredictable business environment of tariff wars and trade negotiations, many of our Canadian and U.S. port members reported increased volumes in grain exports, road salt, construction materials and petroleum products underlining the importance of the Great Lakes-St. Lawrence waterway as a domestic and international trade gateway," said Mr. Burrows, President of the Ottawa-based Chamber of Marine Commerce.  "There is great opportunity in 2019 to build on this economic momentum and work with legislators and policymakers to make significant progress on shipping's most enduring challenges."

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Port of Montreal prioritizes terminal operators to accelerate Contrecoeur project

Le Port de Montréal priorise ses operateurs pour accélérer le projet Contrecoeur

2019-01-23

Following a fifth consecutive year in 2018 of record tonnage handled at the Port of Montreal, and the likelihood of similar anticipated growth in the coming years, the Montreal Port Authority (MPA) has decided to work in priority with its terminal operators, Montreal Gateway Terminals Partnership (MGTP) and Termont Montreal Inc., to accelerate the execution of its business strategy for its container terminal project at Contrecoeur.

"In 2018, we handled a record 1.6 million containers, a 9% increase compared to 2017. We are experiencing this growth with our partners, the operators and the shipping lines serving their respective terminals. We have decided to preferentially offer these operators the opportunity to pursue their growth at Contrecoeur," said MPA President and CEO Sylvie Vachon.

"The increasing presence of international shipping lines in the Greater Montreal area means that we better expand in the Port of Montreal. For us, the growth and the future of the container handling markets depends on the Contrec?ur project," said Michael Fratianni, President and CEO of Montreal Gateway Terminals Partnership.

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Spliethoff Group expands fleet with five vessels

Le groupe Spliethoff élargit sa flotte avec cinq navires

2019-01-22

Recently the Amsterdam-based Spliethoff Group has expanded its fleet with five multipurpose tween deck vessels. The vessels were taken over from bankrupt Hansa Heavy Lift.

The ships - all Chinese-built and delivered between 2008 and 2011 will be added to the fleet of the Spliethoff Group and will be renamed mv Hudsongracht (HHL Elbe) and mv Humbergracht (HHL Tyne), both abt. 12.750 DWT and a combined crane capacity of 300mt, mv Heerengracht (HHL Amur) and mv Houtmangracht (HHL Mississippi), both abt. 12.750 DWT and a combined crane capacity of 360mt, and mv Prinsengracht (HHL New York), abt 20,100 DWT and a combined crane capacity of 800 mt. All vessels will be reflagged to the Dutch flag/register.

Hansa Heavy, the Hamburg-based successor to Beluga Shipping, declared its insolvency last month. Hansa Heavy, whose main shareholder is American private equity firm Oaktree, had been under financial pressure for a number of years with some of its ships arrested in recent months.

Spliethoff Group commented to Maritime Magazine, «we are happy and proud to offer our clients an even broader portfolio of vessels for their worldwide ocean transportation needs.»

Photo of H-type vessel that is identical to four of the five new vessels: Spliethoff.

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Algoma Central Corporation Increases its Interest in Ocean Self-Unloader Pool

Algoma Central Corporation accroît sa participation dans le pool de navires océaniques autodéchargeurs

2019-01-20

Algoma Central Corporation (TSX: ALC), announced on January 17 the signing of a definitive agreement to acquire the interest held by Oldendorff Carriers GMBH & Co. (Oldendorff) in the CSL International Pool (the Pool)  including the three vessels owned by Oldendorff operating in the Pool. As a result of the transaction, Algoma's interest in the Pool will increase to approximately 40%.

The Pool consists of 18 self-unloading vessels ranging from handy-sized to panamax and provides specialized shipping services to a range of customers along the coasts of the Americas and in the Caribbean. Algoma currently owns five vessels operating in the Pool. As a result of this transaction, Algoma will acquire the handy-sized m/v Alice Oldendorff, and the m/v Harmen Oldendorff and the m/v Sophie Oldendorff, both of which are panamax vessels, for US$100 million. The deal is expected to close late in the second quarter of 2019.

"Increasing our participation in the Pool has been a strategic interest for Algoma for some time and the completion of this transaction is aligned with that intent," said Ken Bloch Soerensen, President and Chief Executive Officer of Algoma. "During 2018, we assumed technical management of our existing Pool ships and opened a new office in Fort Lauderdale with an expanded technical staff. We expect to assume technical management of these three ships seamlessly on closing."

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Algoma Central Corporation updates status of fleet renewal

Algoma Central Corporation met à jour le statut du renouvellement de la flotte

2019-01-20

Algoma Central Corporation announced that it has received full refund of all instalment payments made in connection with the now-cancelled shipbuilding contracts with Uljanik d.d. and 3Maj Shipyard of Croatia.

Algoma entered into five shipbuilding contracts with 3Maj Shipyard, an operating unit of Uljanik d.d of Croatia. After considerable delay, the first of the five vessels was delivered in 2018; however, Algoma cancelled the remaining four contracts as the shipyard's financial difficulties led to a much-publicized attempt to refinance the company and shipyard management was unable to put forward a credible plan that would lead to completion of the remaining hulls. Demands for repayment of the related installments were made in December 2018 and the banks guaranteeing the repayment of the amounts have now remitted a total of CAD$115 million in full settlement of the claims.

"While we are extremely disappointed in the failure by the shipyard to complete the vessels on time, the shipyard and its banks have been very cooperative in finalizing the cancellations and refunding the instalments promptly", said Peter Winkley, Chief Financial Officer of Algoma. "The impact of these transactions, including foreign exchange gains, interest income and other adjustments will be reflected in our fourth quarter earnings, which we expect to issue in early March," Mr. Winkley continued.

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