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Logistec and Port of Trois-Rivières strengthen partnership

2017-12-09

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).

The Trois-Rivières Port Authority (TRPA) announced on Dec. 8 that it has entered into an agreement with Logistec Stevedoring Inc. for the leasing and operation of its general cargo terminal. This agreement strengthens a long-standing business relationship between the Port of Trois-Rivières and one of the leading port terminal operators in North America.

Earlier this month, the TRPA completed the Dock 10 extension project. With a total cost of $14.8 million, this investment complements the work which began in 2010 at the general cargo terminal. This project included the redesign of outdoor storage areas 10 and 11 and the construction of warehouse 9, complementing the existing warehouses 10 and 11. This project was part of the implementation of the On Course for 2020 modernization plan, which required investments of $131.6 million, of which $49 million was funded by the TRPA, $22.2 million by the Government of Canada, $8.2 million by the Government of Quebec and $52.2 million by the private sector. This plan will be completed by the end of 2017, three years ahead of schedule.

As Ms. Madeleine Paquin, President and CEO of Logistec, explained, "With this
agreement, Logistec reaffirms TroisRivières' importance in our network of terminals. We applaud the TRPA's efforts to equip the general cargo terminal with efficient infrastructure to meet market needs. We also thank the TRPA for their trust in Logistec by entering into this agreement."

 

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Eimskip launches weekly Halifax-Portland feeder service

2017-12-01

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).

Icelandic carrier Eimskip has announced a shortsea feeder shipping service between the Port of Halifax and Portland, Maine. This new service feature began on November 30 with the call of the Eimskip Selfoss at Halterm International Container Terminal at the Port of Halifax. To deliver a weekly service, Eimskip is deploying a third vessel on its Green Line rotation.

The Green Line Service offers weekly departure from European ports, weekly calls at Canadian ports and Portland, ME., excellent network connections with Southern Europe, Russia and the Baltics, FCL and LCL service, including dry and reefer containers and flat racks, project cargo, break bulk and oversized cargo.

"This new weekly offering will better serve our existing customer base and will create an avenue for future growth," said Jeff Simms, Managing Director, Eimskip Canada. "We are seeing increased volumes through operations at Portland, Maine, as well as Halifax and Newfoundland. The combined increase is making the change to weekly calls a reality."

 

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CSL wins International Corporate Art Award

2017-11-30

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).

The CSL Group (CSL) has been honoured with a prestigious International Corporate Art Award for its engagement with urban artists in the creation of The Sea Keeper, a magnificent fresco painted on the Trillium Class bulk carrier CSL St-Laurent to celebrate Canada's 150th and Montreal's 375th anniversaries.

Selected among 80 companies representing 18 countries, CSL accepted the prize during an award ceremony held at Italy's Ministry of Cultural Heritage and Tourism in Rome on November 22.

"This award is truly a point of pride for us as it recognizes the unique collaboration that produced such a beautiful and inspiring work of art," said Louis Martel, President and CEO of The CSL Group.

Based in Montreal, CSL is the largest owner and operator of self-unloading bulk carriers in the world.

"Promoting local artists in our tribute to the anniversaries of Canada and Montreal was central to our vision for this project from the start," said Mr. Martel. "What better way to celebrate our cultural diversity than to involve urban artists who create artistic landscapes on the walls of our cities. Why not bring art to life on our waterways and in our ports with a mural on a ship?"

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McKeil Marine wins 2017 IBJ Customer Care Award

2017-11-23

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).

Canadian marine service provider McKeil Marine, based in Burlington, Ontario won the International Bulk Journal's 2017 Customer Care Award during the Maritime Bulk Industry gala awards ceremony in Amsterdam, Netherlands on November 13. Judges were looking for a company operating in the dry bulk sector that demonstrated how excellent customer care can achieve increased turnover, profitability or customer retention.

"Customer service, safety and continuous improvement are integral parts of our company culture," explains Steve Fletcher, President and CEO, McKeil Marine. "By taking the time to understand our customers' challenges, we create solutions that set us apart from our competitors. Recognition for this among our peers means a lot to us."

McKeil's diverse fleet allows the company to offer customized, end-to-end supply chain logistics, with niche vessels that can transport smaller cargo loads in a cost-effective way. This means customers can often hold less inventory, streamline their operations and reduce costly storage fees. McKeil was able to take home this year's award by demonstrating how customer care has enabled mutual success for both McKeil and its customers.

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New York equity firm acquires Rand Logistics

2017-11-22

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).

Rand Logistics, Inc., a leading provider of bulk freight shipping services throughout the Great Lakes Region, announced that American Industrial Partners (AIP) has agreed to acquire the Company. AIP is a New York-based private equity firm with over $4.0 billion of assets under management that focuses on buying, improving and growing industrial businesses in the U.S. and Canada.

Through its subsidiaries (Lower Lakes Towing and Grand River Navigation), Jersey City-based Rand Logistics operates a fleet of three conventional bulk carriers and 12 self-unloading bulk carriers including three tug/barge units.

Under the terms of the agreement entered into between Lightship Capital LLC, an affiliate of AIP, and the Company, AIP has agreed to convert all of the Company's second lien debt into 100% of the new common equity of the reorganized Company (subject to dilution by shares to be issued under a management incentive plan). The transaction announced on Nov. 21 will materially de-lever the Company's balance sheet, eliminating approximately $90 million in outstanding debt and will also dramatically reduce annual interest expense.

As a result of the AIP transaction, which will be effectuated through a pre-packaged plan of reorganization, Rand will enjoy its strongest financial position in recent years. Rand's business will continue uninterrupted pending completion of the transaction, the terms of which provide for payment in the ordinary course of all Company vendors and other unsecured creditors.

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