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Fednav partners with CargoMetrics Technologies

Fednav s'associe à CargoMetrics Technologies

 

2019-06-17

 

Montréal - Fednav Limited today announces that it has entered into a Development Services Agreement with CargoMetrics Technologies LLC, a maritime innovation company.

Under this agreement, the two companies will work in collaboration to build systems and tools to optimize Fednav's dry bulk fleet. Drawn from the CargoMetrics performance framework, data and signals used to inform chartering decisions will be generated, thereby providing a desired distribution of the Fednav fleet across sea routes.
Paul Pathy, President and CEO of Fednav Limited, remarked: "We are very excited to be partnering with CargoMetrics, who will be a major accelerator of our digital transformation and key contributor to our future success through data analytics and platform optimization."

Celebrating its 75th anniversary this year, Fednav Limited is privately owned and Canada's largest international bulk shipping company. Its fleet is comprised of more than 100 bulk carriers trading worldwide, 63 of these are owned. From offices on four continents, the company operates the largest fleet of Great Lakes-suitable oceangoing vessels, the largest fleet in the world of ice-class bulk carriers, and three ice-breaking cargo ships that service the Arctic twelve months a year. Additionally, the company operates 11 maritime terminals in North America.

CargoMetrics Technologies LLC delivers transformative quantitative investing and maritime shipping solutions, anchored in its proprietary platform that tracks all seaborne cargoes and vessels. Its evidence-based, systematic, and uncertainty-aware approach fuses satellite, port, ship, and other data to produce both micro and macro views of global supply and demand. The Company's team of scientists, engineers, and maritime specialists is based in Boston, MA, USA. (Photo Fednav).

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La fondation de l'Institut maritime du Québec lance une campagne de financement historique

Foundation de l'Institut maritime du Québec launches first major fundraising campaign

 

2019-06-13

 

Rimouski - la Fondation de l'Institut maritime du Québec (IMQ) a lancé aujourd'hui  sa toute première campagne majeure de financement de son histoire dans le cadre du 75e anniversaire de l'IMQ en annonçant un montant de 914 551 $ déjà souscrit sur un objectif global de 2,5 M$.

Dans un contexte de pénurie de main-d'?uvre du milieu maritime, cette campagne majeure s'avère nécessaire afin d'assurer le développement de l'IMQ tout en soutenant les besoins de formation spécialisée. À cet effet, la Fondation a élaboré quatre catégories de projets rassembleurs et structurants qu'elle souhaite voir se réaliser au cours des cinq prochaines années - https://fondationimq.ca/campagnes-de-financement/campagne-majeure-de-financement-2019-2024-6

«Contribuer à cette campagne majeure, c'est laisser sa trace dans l'histoire de l'IMQ et donner à la relève québécoise l'occasion de découvrir un milieu riche de savoir-faire qui offre de nombreuses possibilités», a indiqué Geneviève Allard, présidente de la Fondation de l'IMQ, québécoise.  Mme Allard a été touchée par la mobilisation du milieu maritime autour de cette grande aventure et par le dynamisme des membres du cabinet de campagne, coprésidé par Mesdames Manon Lavoie, directrice générale - Construction et réparation navale chez Océan et Maryse Paré, directrice adjointe - Service à la clientèle chez Océan.

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Seaway  early 2019 traffic holds steady

Voie maritime début 2019, le trafic reste stable


2019-06-13

After a slow start due to ice conditions, St. Lawrence Seaway cargo surged in May fueled by grain and iron ore exports and shipments of road salt. According to the latest numbers, cargo shipments from March 22 through the end of May totaled 8.3 million metric tons, bringing it in line with last year's strong performance.
"If the May pace continues, we should be able to build on the 17 percent Seaway cargo growth accumulated over the past two years," said Bruce Burrows, President of the Chamber of Marine Commerce. "U.S. Great Lakes ports are also reporting an acceleration in business. Two key growth areas are increased domestic and imported road salt and iron ore volumes due to domestic demand for steel production and exports of iron ore pellets from Minnesota to international locations like China."
Iron ore shipments via the St. Lawrence Seaway (from March 22 to May 31) totaled 1.5 million metric tons, up 8 percent compared to the same period last year.  Dry bulk cargoes via the Seaway (2.2 million metric tons) are up 11 percent, buoyed by road salt shipments as cities across the Great Lakes-St. Lawrence region replenished their supplies after the long, difficult winter. (Photo Paul Beesley)


Après un démarrage lent dû aux conditions de glace, la cargaison de la voie maritime du Saint-Laurent a fortement augmenté en mai, alimentée par les exportations de céréales et de minerai de fer et les expéditions de sel de voirie. Selon les derniers chiffres, les expéditions de fret à partir du 22 mars à la fin du mois de mai se sont élevées à 8,3 millions de tonnes métriques, ce qui correspond à la solide performance de l'année dernière.
"Si le rythme du mois de mai se maintient, nous devrions pouvoir tirer parti de la croissance de 17% du fret de la voie maritime accumulée au cours des deux dernières années", a déclaré Bruce Burrows, président de la Chambre de commerce maritime.  Les ports des Grands Lacs signalent également une accélération de leurs activités. L'augmentation des volumes de sel de voirie et de minerai de fer dans le pays et les importations est due à la demande nationale de production d'acier et à l'exportation de boulettes de minerai de fer du Minnesota vers des destinations internationales comme la Chine. »
Les expéditions de minerai de fer par la voie maritime du Saint-Laurent (du 22 mars au 31 mai) ont totalisé 1,5 million de tonnes métriques, en hausse de 8% par rapport à la même période de l'année dernière. Les cargaisons de vrac sec passant par la Voie maritime (2,2 millions de tonnes métriques) ont augmenté de 11%, grâce aux expéditions de sel de voirie, alors que les villes des Grands Lacs et du Saint-Laurent a reconstitué ses approvisionnements après un hiver long et difficile. (Photo Paul Beesley)

 
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Canada and Québec contribute to the Port of Valleyfield expansion project

Le Canada et le Québec contribuent au projet d'agrandissement du Port de Valleyfield

 

2019-06-16

 

Salaberry-de-Valleyfield, QC - Marc Garneau, Canada's Minister of Transport, and Claude Reid, Member of the National Assembly for Beauharnois and Parliamentary Assistant to the Minister of Transport, announced on June 14 funding from the governments of Canada and Québec for the Valleyfield Port Expansion Project. The purpose of this project is to solidify the port's strategic position within the Canadian and Québec commercial port system and allow it to take advantage of new business opportunities.

The expansion project will increase vessel berthing capacity by extending one of the existing wharfs, adding a berth and installing a roll-on/roll-off ramp. This will allow the Port to meet current needs and anticipate a future increase in activities related to projects being developed in Northern Québec and new businesses being established in southwestern Montérégie's industrial zone of. The project will also support more than 250 direct and indirect jobs, including 47 during construction.

The overall cost of the project is estimated to be $36 million. The Government of Canada will contribute $12 million through the New Building Canada Fund, Provincial-Territorial Infrastructure Component- National and Regional Projects. The Government of Québec will invest $12 million under the Programme de soutien aux investissements dans les infrastructures de transport maritime [program to support investments in marine transportation infrastructure], and the Port of Valleyfield will contribute $12 million.

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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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