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CP and Hapag-Lloyd renew long-term agreement

CP et Hapag-Lloyd reconduisent leur contrat à long terme

2019-01-24

Calgary- Canadian Pacific Railway and Hapag-Lloyd AG announced an extension of their long-term agreement to the benefit of the international supply chain, the movement of cargo through the ports of Montreal and Vancouver, and the overall North American economy.

"We are incredibly proud to continue to work with Hapag-Lloyd," said Keith Creel, CP President and CEO. "This long-term agreement is built on service, reliability and trust. On behalf of the 13,000-strong CP family, particularly those on the ground who ensure we provide exceptional service, we are excited to continue to work closely with Hapag-Lloyd as their preferred rail carrier in Canada."

In close collaboration, the two companies have built a track record of reliable service on sea and on land for their customers.
"Customers expect reliable supply chains, and in CP we have found a company that delivers consistently, every day," said Rolf Habben Jansen, CEO of Hapag-Lloyd. "With CP we are able to handle more cargo and take advantage of shorter routes to key markets, and provide long-term value to our customers."

The agreement will allow Hapag-Lloyd's customers to benefit from CP's growing network of transload facilities, its innovative live-lift operation at Portal, North Dakota, and the fastest transit times between Vancouver and the Twin Cities, Chicago and beyond.
From Vancouver and Montreal, CP connects its customers to markets across Canada and the United States. CP's intermodal franchise has the lowest on-dock dwell and best on-time performance at the Port of Vancouver and Port of Montreal, ensuring faster end-to-end transits for shippers. (Photo CP)

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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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