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CSL purchases
Norwegian firm's self-unloader business

2011-03-23

The CSL Group and  Kristian Jebsens Rederi AS (KJR) have announced the acquisition by CSL of the assets and associated contracts of the Norway-based firm's belted self-unloader business. Financial details of the transaction announced March 23 were not disclosed.

CSL intends to manage the belted self-unloader business through a new subsidiary, CSL Europe, which will be based in the United Kingdom and Bergen, Norway.

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Algoma targets investments of close to $400 million

2011-03-22

Algoma Central Corporation announced today (March 22) that it expects to invest close to $400 million in Great Lakes shipping as it positions itself for the future.

Speaking at the Top Hat ceremony in St. Catharines marking the opening for the 2011 Seaway season on the Welland Canal, Greg Wight, President and CEO of Algoma Central Corporation, stressed: "This level of commitment to this industry is unprecedented. It is now up to all of us to work together to ensure we translate commitment and optimism into reality."

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Seaway launches 2011 season on upbeat note

2011-03-22

The 2011 St. Lawrence Seaway season  kicked off today (March 22) with a mood of optimism prevalent among Seaway officials and users.

At the opening ceremony at the St. Lambert Lock in Montreal, Terence Bowles, President  and CEO of the St. Lawrence Seaway Management Corporation, saluted the recent announcements by carriers to renew their fleets and predicted that shipments on the North American waterway should increase by about 7% this year to 39.1 million tonnes.

In 2011, Mr. Bowles said he foresaw continued continued strength in the staple cargoes of grain and iron ore. He also anticipated a rebound of road salt shipments and rising project cargo movements due in part to continued activity in the Alberta oil sands.

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2011 Seaway traffic seen rising 7%

2011-03-18

Following on the rebound momentum of last year, total tonnage on the St. Lawrence Seaway is forecast to increase by 7.1% in the 2011 commercial navigation season beginning on March 22, according to Bruce Hodgson, Director of Market Development, St. Lawrence Seaway Management Corporation.

"The total volume this year should bring us to about 39.1 million tonnes," Mr. Hodgson told Maritime Magazine. "We see improvements in a number of sectors."

Last year, the Seaway handled 35.5 million tonnes on the heels of a severe, recession-related decline in 2009 to 30.7 million tonnes from 40.8 million tonnes in 2008. In 2007, the waterway's throughput amounted to 43 million tonnes versus 47 million tonnes in 2006.

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U.S. Great Lakes carriers
assail big dredging budget cuts

2011-03-18

The Washington administration's proposal to slash the Great Lakes dredging budget by 32% in 2010 has prompted the region's shipping industry to declare a State of Emergency.

"What a dredging crisis is now a State of Emergency for each of the eight Great Lakes states," declared John Baker, President of the Toledo-based Great Lakes Maritime Task Force, in a statement on March 16.

"Iron ore this year will continue to be steady along with grain and petroleum, and we should see a good pick-up in salt as inventories are low," Mr. Hodgson said.

 

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