E-mail

 



Algoma reports strong increase in consolidated revenue

2019-03-07

McKeil Marine's Evans Spirit  won the International Bulk Journal's 2016 Ship of the Year Award during the IBJ's Salute to Excellence in the Maritime Bulk Industry gala awards ceremony in London, UK on November 21.
"It's a fantastic way to closeout our 60th anniversary year: having a vessel named after our founder, Evans McKeil, win this prestigious international award," said Steve Fletcher, President and CEO of McKeil Marine.
Acquired by McKeil in 2015, the Evans Spirit is a cargo ship with the shallow draught characters of a tug and barge; however, compared to a tug-and-barge unit, she can transport approximately 40 per cent more cargo about 50 per cent faster on a very similar amount of fuel.  She is in service throughout the Great Lakes and St. Lawrence River.
Evans Spirit was shortlisted for 2016 Ship of the Year competing with three other vessels: CS Bright, Mitsui OSK Lines, Japan;  Damen Shipyards, Netherlands; and MN Baroque, Swiss Marine, Switzerland. The award is presented to the owner, operator or builder of an outstanding individual bulk ship. Judged on operational efficiency, design innovation, safety and environmental protection, the Evans Spirit was selected as winner. (Photo Paul Beesley).

Algoma Central Corporation, a leading provider of marine transportation services based in St. Catharines, Ontario, today announced its results for the year ended December 31, 2018, highlighted by a 12 % increase in consolidated revenue to $508.2 million versus $453 million in 2017.

Revenue increased as a result of improved rates in the Domestic Dry-Bulk and Ocean Self-Unloaders segments and increased customer demand in the Product Tankers segment, Algoma said. Domestic dry bulk revenue totaled $297.6 million versus $278 million in 2017.

"Fiscal 2018 was an exciting year at Algoma," said Gregg Ruhl, President and CEO of the Company. "Despite some challenges, we achieved a number of things which will advance us towards the strategic goals we set in 2015. Our success and growth would not have been possible without the hard work and dedication of the Algoma team and our loyal customers."

The company added three new Equinox Class vessels to operations in 2018, the Algoma Niagara, theAlgoma Sault and the Algoma Innovator. Additionally, the Algoma Buffalo and the Algoma Compass were acquired from American Steamship Company late in 2017; both vessels began operations at the start of the 2018 navigation season.

 

Read more...
 
E-mail

 


Port of Toronto has another record-breaking year

Une autre année record pour le Port de Toronto

2019-03-07

 

The Port of Toronto moved approximately 2.2 million metric tonnes of cargo in 2018 which represents another strong year in marine imports and further confirms the Port's position as a vital part of Toronto's economic infrastructure.
In 2018, 178 ships visited the Port of Toronto, bringing sugar, road salt, cement, aggregate and steel directly into the heart of the city. Overall the port moved 2,179,795 metric tonnes of cargo in 2018, surpassing the record-breaking year the port experienced in 2017. Further, this is the third year in the last five years that the Port of Toronto has moved in excess of 2 million metric tonnes of cargo.

In 2018, the port received steel products including rebar, merchant bar, steel plate and coils totalling 69,281 metric tonnes, representing the highest level of steel product moved through the port in 20 years. In addition, the port recorded 14,391 metric tonnes in warehousing storage, the highest level recorded since 2011. Cement cargo imports remained strong for another year at more than 610,400 metric tonnes, and stone, aggregate and sand cargo levels continued to increase, ending the year at 189,133 metric tonnes. Salt and sugar imports at 735,948 and 560,625 metric tonnes respectively remained consistent with 2017 tonnages.

The port also welcomed 17 passenger cruise ships carrying approximately 6,000 passengers in 2018, highlighting the importance of the ever-growing Great Lakes cruise ship business and the role it plays in contributing to Toronto's booming tourism industry. The port is expecting this number to more than double this year with 35 cruise ships coming to Toronto in the summer and fall of 2019.

Read more...
 
E-mail

 


Une nouvelle zone de protection marine à la pointe est de la Gaspésie

A new Marine Protected Area at the eastern tip of the Gaspé Peninsula

2019-03-06

 

GASPÉ, QC, le 6 mars 2019 /CNW/ - La ministre du Revenu national et députée de Gaspésie--Les Îles-de-la-Madeleine, l'honorable Diane Lebouthillier, au nom du ministre des Pêches, des Océans et de la Garde côtière canadienne, l'honorable Jonathan Wilkinson, a annoncé aujourd'hui l'établissement de la zone de protection marine du Banc-des-Américains, qui offrira une protection à long terme de cette partie de nos océans.

Située au large des côtes de la Gaspésie, entre Cap-Gaspé et Cap-d'Espoir, cette zone de protection marine couvre une superficie d'environ 1 000 km², là où se rencontrent les courants de la baie de Gaspé et de la baie des Chaleurs. Ce carrefour biologique est très important pour de nombreuses espèces de poissons et de crustacés, dont certaines sont en voie de disparition, telles que les baleines, le loup tacheté et le loup à tête large.

L'établissement tant attendu de cette aire marine protégée fera du Banc-des-Américains le premier projet visé par l'Entente de collaboration Canada-Québec pour l'établissement d'un réseau d'aires marines protégées au Québec et dans l'estuaire et le golfe du Saint-Laurent. Les deux gouvernements travailleront ensemble en vue de protéger cet écosystème marin. La zone nouvellement protégée possédera un double statut, soit celui de réserve aquatique, selon la législation du Québec, et celui de zone de protection marine, en vertu de la Loi sur les océans.

Read more...
 
E-mail

 


The Government of Canada is taking action to deter vessel abandonment

Le gouvernement du Canada prend des mesures pour décourager l'abandon des bâtiments


2019-03-05

 

Wrecked, abandoned, and hazardous vessels, including small boats, pose environmental, economic, and safety hazards, and are a concern for coastal and inland water communities across Canada. The Government of Canada, through its Oceans Protection Plan, is taking action to deter this irresponsible practice. The Honourable Marc Garneau, Minister of Transport, and the Honourable Jonathan Wilkinson, Minister of Fisheries, Oceans and the Canadian Coast Guard, were pleased to mark the passage of Bill C-64: the Wrecked, Abandoned or Hazardous Vessels Act on March 5.
The Act prohibits vessel abandonment and brings into Canadian law the International Convention on the Removal of Wrecks, 2007. It increases owner responsibility and liability for vessels, addresses irresponsible vessel management, and enables the Government of Canada to remove problem vessels. Not complying with the Act now can result in penalties of up to $50,000 for individuals and $250,000 for companies or corporations, while regulatory offence prosecution could result in a maximum fine of $1M for individuals and $6M for companies or corporations.

Read more...
 
E-mail

 


Seaway stakeholders invest $130 million prior to new season

Les intervenants de la Voie maritime investissent 130 millions de dollars avant la nouvelle saison


2019-03-05

 

Canadian shipowners and The St. Lawrence Seaway Management Corporation have spent an estimated $130 million on repair and infrastructure projects this winter, preparing for the 2019 shipping season and supporting the economies of communities throughout the Great Lakes, St. Lawrence and east coast. The 2019 season begins on March 26 at the St. Lambert Lock in Montreal.

The St. Lawrence Seaway Management Corporation (SLSMC) allocated $40 million for infrastructure upgrades and repairs in the Welland Canal and Montreal to Lake Ontario segments of the St. Lawrence Seaway. The work includes upgrades to electrical distribution systems, lock rehabilitation and canal bank protection in certain areas, among other projects.

Canadian shipowners have invested an estimated $90 million to prepare their ships for the upcoming season. Projects include steel replacement and coating projects, five-year dry dock inspections, communication and energy efficiency upgrades, standard maintenance checks and annual inspections.

Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 6 of 168
Banner
Banner
Banner
Banner
Banner