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Algoma increases stake in Ocean Self-Unloader Pool

2019-06-12

St. Catherines, ON-- Algoma Shipping Ltd., a subsidiary of Algoma Central Corporation, and a leading provider of marine transportation services, today announced that the acquisition of 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 has been finalised. As a result of the transaction, Algoma's interest in the Pool has increased to approximately 40%.
The handy-sized Algoma Verity (formerly the Alice Oldendorff) and the panamax sized Algoma Valour and Algoma Victory (formerly the Harmen Oldendorff and the Sophie Oldendorff, respectively) bring Algoma's ocean going self-unloader fleet to eight vessels operating in the Pool.
"Deploying our capital to grow our position in the ocean self-unloader business is strategic and positions Algoma well for Pool growth that we foresee in the years ahead," said Peter Winkley, Chief Financial Officer of Algoma. "We know this business and these ships well and with customer demand remaining strong, we believe this is a good time to increase our investment in a business that has generated strong returns for us in the past," added Mr. Winkley.
The Company currently manages over 30 vessels from offices in St. Catharines, Ontario and Fort Lauderdale, Florida, leveraging its experienced staff with substantial technical and engineering expertise. Management of these vessels will be handled from the Fort Lauderdale office.

 
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Ship named after Blair McKeil

2019-06-12

The latest addition to Burlington, Ontario-based McKeil Marine's diversified fleet has been named after Blair McKeil who served for a long period as President and CEO until selling a majority interest in the company to TorQuest Partners in 2016. Formerly a second generation owner of a family business, he now serves as Vice Chair.

The Maltese-flagged Gagliarda, a 14,600 DWT general cargo vessel built in 2010 recently purchased by McKeil, is a close sister ship to the Evans Spirit and the McKeil Spirit. It was renamed the MV BLAIR MCKEIL  during a ceremony on June 7. It will trade throughout the Great Lakes.

The Gagliarda had arrived in Canada with a cargo of road salt from Egypt destined for Picton, Ontario and Monroe, Michigan.

"The Gagliarda pays homage to the legacy of McKeil Marine by taking the name Blair McKeil, honouring the industry leader who successfully grew the business his father (Evans) established in 1956," said Capt. Scott Bravener, President of McKeil Marine. (photo McKeil Marine)

 
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L'Alliance verte maintient le cap sur la croissance

2019-06-12

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).

Cleveland, Ohio, 6 juin 2019 - L'Alliance verte, le principal programme de certification environnementale pour l'Amérique du Nord, a dévoilé les résultats environnementaux de ses participants pour l'année 2018, dans le cadre de son colloque GreenTech plus tôt ce matin.

«Je suis satisfait de constater que nous maintenons le cap tout en continuant d'élargir notre portée en matière d'enjeux environnementaux et malgré des critères plus exigeants pour nos indicateurs existants», a soutenu le directeur général de l'Alliance verte, David Bolduc, devant les délégués de GreenTech 2019, à Cleveland.

Le programme compte maintenant 133 participants - une augmentation de 12% par rapport à la même période l'an dernier. Ces armateurs, administrations portuaires, corporations de la Voie maritime, opérateurs de terminaux et de chantiers maritimes s'engagent volontairement à mesurer leur performance environnementale chaque année. Ils notent leurs efforts sur une échelle de 1 à 5, en fonction de critères précis spécifiques à chacun des 12 indicateurs de rendement. Ces indicateurs traitent notamment des émissions de gaz à effet de serre, d'harmonisation des usages, de gestion des déchets et des matières résiduelles ainsi que d'autres enjeux environnementaux prioritaires.

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Joint venture to develop Sydney container terminal for mega ships

2019-06-11

 

A New York-based investment fund, AVAIO Capital, has agreed to form a joint venture with Sydney Harbour Investment Partners (SHIP) to build a US$440 million deepsea container terminal in Sydney, Nova Scotia as backers continue their efforts to attract a global container operator seven years after the Novaporte greenfield project was announced.

The terminal on the envisioned 500-acre site would handle vessels of more than 18,000 TEU capacity as well as roll-on, roll-off cargo. Dredging of the channel to 55 feet was completed in 2012.

"Of all the port opportunities in the region, Novaporte is the best positioned due to its ice-free harbor, close proximity to an existing railroad and strong support from local government and stakeholders," said Mark McCormisky of AVAIO Capital. The latter has completed over US$50 billion of infrastructure development and construction projects across the water, transportation, digital and energy sectors.

Albert Barbusci, CEO of Novaporte, said the financial support "will enable us to advance the preconstruction activities required to put the port into construction."

Another group in Nova Scotia, Melford International Terminal, has been working for a number of years to establish a new terminal near Port Hawkesbury. (photo-Novaporte artist rendering).

 
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Green Marine holds course as it expands

2019-06-07

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).

Cleveland, Ohio - Green Marine, the leading environmental certification program for North America's maritime industry, released the results of its participants' sustainability efforts in 2018 at the organization's annual GreenTech conference.

"I am satisfied that we are holding course with the performance levels as we continue to widen our trajectory in terms of environmental priorities, as well as toughen some of our existing standards," David Bolduc, Green Marine's executive director, told GreenTech 2019's attendees at the June 5-7 conference staged in Cleveland.

The program has 133 participants - a 12% increase from last year at this time. These ship owners, port authorities, Seaway corporations, terminal operators and shipyard managers voluntarily commit to evaluating their environmental performance on a yearly basis. They rank their efforts on a 1-to-5 scale based on the detailed criteria specified for 12 performance indicators. These indicators address greenhouse gas emissions, community impacts, garbage and waste management, and other prioritized environmental issues.

A total of 144 reports were submitted for 2018 with some participants filing for more than one type of business activity or distinct locations. This 17% increase in evaluations over the previous year reflects the participants involving more aspects of their operations, which is a welcomed development.

The overall average for the 2018 reporting dipped to 2.9 from 3.1 in 2017, which was not unexpected given the influx of new participants, new indicators and more stringent criteria.

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