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Algoma Central Corporation updates status of fleet renewal

Algoma Central Corporation met à jour le statut du renouvellement de la flotte

2019-01-20

Algoma Central Corporation announced that it has received full refund of all instalment payments made in connection with the now-cancelled shipbuilding contracts with Uljanik d.d. and 3Maj Shipyard of Croatia.

Algoma entered into five shipbuilding contracts with 3Maj Shipyard, an operating unit of Uljanik d.d of Croatia. After considerable delay, the first of the five vessels was delivered in 2018; however, Algoma cancelled the remaining four contracts as the shipyard's financial difficulties led to a much-publicized attempt to refinance the company and shipyard management was unable to put forward a credible plan that would lead to completion of the remaining hulls. Demands for repayment of the related installments were made in December 2018 and the banks guaranteeing the repayment of the amounts have now remitted a total of CAD$115 million in full settlement of the claims.

"While we are extremely disappointed in the failure by the shipyard to complete the vessels on time, the shipyard and its banks have been very cooperative in finalizing the cancellations and refunding the instalments promptly", said Peter Winkley, Chief Financial Officer of Algoma. "The impact of these transactions, including foreign exchange gains, interest income and other adjustments will be reflected in our fourth quarter earnings, which we expect to issue in early March," Mr. Winkley continued.

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Record tonnage at the Port of Trois-Rivières

Un tonnage record au Port de Trois-Rivières

2019-01-18

In 2018, the Port of Trois-Rivières handled 3.8 million metric tonnes (MMT) of cargo. This represents an increase of 47% compared to 2017 and a new record that eclipses the 3.7 MTM of traffic realized in 2014.

While liquid bulk traffic remained stable at nearly 300,000 tonnes, solid bulk and general cargo traffic increased sharply from 2.2 MMT to 3.1 MMT and from 73,000 MT to 346,000 MT respectively. In total, 256 ships docked at the Port, including 24 cruise ships.
"The Port's installations, modernized as part of On Course for 2020 development plan, delivered their full potential during 2018. For example, the general cargo terminal, inaugurated at the beginning of the year, was quickly put into operation and its use was significantly higher than we expected. This record year is also a result of the Port's partnerships and the workers who have worked tirelessly. I would like to thank them for their enduring contribution," said Gaétan Boivin, President and CEO of the Trois-Rivières Port Authority (TRPA).

Last June, the Port of Trois-Rivières, the City of Trois-Rivières and Innovation et Développement Économique Trois-Rivières welcomed an international delegation of nearly 100 participants. This event was organized as part of the annual International Association of Cities and Ports. This visit was an opportunity for the participants to recognize the efforts undertaken by the City and the Port to enhance the Trois-Rivières waterfront area.

In August 2018, the TRPA mandated Cible Recherche to conduct a survey of the Trois-Rivières population. More than 500 people responded to the survey by telephone or Internet. In addition to being recognized as a vital economic development driver for the Mauricie region, respondents indicated their appreciation for the Port's current growth and recognized that it offers good prospects for the future. Respondents also noted that they would like to see more cruise ships calling Trois-Rivières and that the Port should continue developing its downtown properties for commercial, residential or recreational tourism development. With the Port's commitment to the community and its partners, it has already integrated these elements into its On Course for 2030 plan launched last October 10.Photo: Logistec

 

 

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Seaway activity bursts past 40 million tonnes in 2018

La Voie Maritime franchit le cap des 40 millions de tonnes

2019-01-17

The St. Lawrence Seaway Management Corporation (SLSMC) announced today that tonnage on the waterway during the 2018 navigation season totaled 40.9 million tonnes. The highest result since 2007, much of the credit for the increase in tonnage can be given to healthy movements of grain, the best on record since the turn of the century. Marketing efforts under the "Highway H2O" initiative served as a catalyst to spur increased movements of a broad range of cargoes including grain, road salt, stone, cement, gypsum and refined fuels.

"We are very pleased with the results recorded over the past year" said the SLSMC's President and CEO, Terence Bowles. "After completing the first year with Hands Free Mooring installed at all of our high-lift locks, it is gratifying to see that our efforts to boost system efficiency and heighten our competitive position are bearing strong results. This new mooring technology eliminates the need for special vessel fittings, enabling the St. Lawrence Seaway to welcome a broader range of ships from the world fleet."

Craig H. Middlebrook, Deputy Administrator of the U.S. Saint Lawrence Seaway Development Corporation said, "Total tonnage on the St. Lawrence Seaway exceeded the 5-, 10-, and 15-year averages, making 2018 an exceptionally strong shipping season, the best in over a decade.  In particular, we were pleased to see heightened activity on the Seaway in December.  Overall gains in year-over-year commodity increases were widespread, most notably in U.S. grain export trade.  The investments in Seaway infrastructure and technology are achieving greater efficiencies for our customers and enhancing the binational waterway's global competitiveness."

 

 

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IMO's Kitack Lim highlights Seafarer Training

Kitack Lim de l'OMI met en évidence la formation des gens de mer

2019-01-16


IMO Secretary-General Kitack Lim has highlighted the need to consider seafarer training and standards as shipping evolves, with increasing levels of technology and automation. Speaking at IMO Headquarters (15 January) at the launch of a new report "Transport 2040: Automation, Technology and Employment - the Future of Work", Secretary-General Lim set out key questions that will require focus from all stakeholders:  "How will the seafarer of the future manage the challenges related to an increasing level of technology and automation in maritime transport? How will the new technologies impact on the nature of jobs in the industry? What standards will seafarers be required to meet with respect to education, training and certification to qualify them for the jobs of the future?"
An important strategic direction for IMO is the integration of new and advancing technologies into the regulatory framework - balancing the benefits  derived from new and advancing technologies against safety and security concerns, the impact on the environment and on international trade facilitation, the potential costs to the industry and  their impact on personnel, both on board and ashore. "Member States and the industry need to anticipate the impact these changes may have and how they will be addressed," Mr. Lim said.


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La continuité du service maritime assurée entre Matane et la Côte-Nord

The continuity of maritime services between Matane and the North Shore is assured

2019-01-16

Par Pierre Terrien

Éditeur, Maritime Magazine


La Société des traversiers du Québec (STQ) a conclu ce matin une entente qui lui permettra de poursuivre de façon continue le service maritime à la traverse Matane-Baie-Comeau-Godbout après le départ le premier février du  CTMA Vacancier qui remplace présentement le F.-A. Gauthier, immobilisé à cause d'un bris majeur. Chanceux dans sa malchance, la STQ a pu procéder à l'acquisition du NM Apollo qui sera retiré de son service d'ici peu entre St Barbe Terre-Neuve et Blanc-Sablon.. Le traversier vieux de 48 ans est vu par la STQ comme une solution temporaire. Construit en 1970, il peut accueillir 240 passagers et 80 véhicules et la STQ entend le revendre lorsqu'il ne sera plus requis.

« Une interruption du service maritime pour nos clients n'était pas envisageable, tant pour la STQ que pour le gouvernement du Québec, a expliqué le PDG par intérim de la STQ, François Bertrand. Nous avons mené des recherches au pays et à l'international pour l'affrètement d'un traversier, mais aucune option n'était disponible sur le marché. L'achat du NM Apollo nous offre une solution adéquate, efficace et sécuritaire, et ce, à très court terme, qui nous permettra de livrer le service de façon continue. »


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