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Seaway extends toll freeze

2011-01-18

The St. Lawrence Seaway Management Corporation announced that an existing toll freeze will be extended in 2011.

"We are striving to reduce the cost and complexity of the system and attract new cargo," said Terence Bowles, newly appointed President and CEO. "The extension of the toll freeze, coupled with various incentive programs, represents tangible steps toward meeting these objectives.

"Following a difficult season during the recession in 2009, the Seaway posted a 15.5% increase in cargo in 2010 to about 35.5 million tonnes.

 

 
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Port of Sept-Iles cargo biggest in 30 years

2011-01-18

Everything is on track for the Port of Sept-Iles to recapture in 2011 second place amongst the leading Canadian ports after Port Metro Vancouver, President and CEO Pierre D. Gagnon declared upon releasing the final figures for 2010 cargo volume.

In 2010, the St. Lawrence River port handled 25.1 million tonnes, compared with 19.8 million tonnes in 2009. This was the largest total since 1981. It was also a record year in terms of capital expenditures amounting to nearly $70 million.

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Seaway posts 15% traffic increase in 2010

2011-01-13

The St. Lawrence Seaway Management Corporation reported a 15% increase in cargo volume on the North American waterway during the 2010 navigation season, with an estimated total of 35.5 million tonnes.

"With a recovery in the manufacturing sector, characterized by a resurgent domestic auto assembly business, the level of activity in the iron ore trade broke out of the starting gate at a brisk pace in 2010," said Terence Bowles, newly-appointed President and CEO of the SLSMC.

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Montreal 2010 port traffic posts 4% growth

2011-01-07

Preliminary figures for 2010 cargo activity show total traffic increasing by 4%  and container traffic rising by 6.1% over 2009, indicated Sylvie Vachon, President and CEO of the

Montreal Port Authority on the occasion of the traditional awarding of Gold-Headed Cane awarded to the captain of the first vessel to arrive at the port in the New Year.

"Our post-recession recovery falls in line with trends at other ports on the East Coast of North America," Ms. Vachon told Maritime Magazine.

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Algoma Central Corp. orders four new bulkers

2010-12-21

Algoma Central Corporation has announced it has placed an order with a Chinese shipyard for four new maximum Seaway-sized dry bulk lake freighters, with an option for two additional vessels. The announcement follows the Oct. 1 decision by the Canadian government to eliminate a longstanding 25% duty on imported, foreign-built ships.

The shipping line expects to invest $205 million in the newbuilding construction project with Nantong Mingde Heavy Industries located in the Yangtze Delta.

The order comprises one gearless bulk freighter and three self-unloading bulk freighters. The first vessel is slated to enter service in 2013 - and the remaining three are to follow through mid-2014.

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