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Algoma's latest fleet addition

2011-08-07

The M.V. Algoma Mariner ushers by Québec City on its maiden voyage from China, where it was built at Chengxi Shipyard and delivered to Algoma Central Marine on May 31, 2011. The vessel sailed across the Pacific Ocean, through the Panama Canal and arrived at its first Canadian port of call, Port Cartier, Québec, on August 2, 2011. The vessel made its maiden voyage with a Canadian crew under the command of Captain Ken McKenzie and Chief Engineer Dave Cooke.

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Upper Lakes Group acquires Davie

2011-07-22

In a last hour judgment by justice Étienne Parent of the Québec superior court, Davie Shipyards was acquired by Upper Lakes Group (ULG) for 28 $ million. Investissement Québec, the main creditor of Davie, intends to reinvest $ 19 million of this money to help relaunch Canada's biggest shipyard, which was under creditor protection since February 25, 2010.

Just hours after having united their destinies, the new consortium, joined by Montreal-based SNC Lavalin and Daewoo of South Korea, entered the race for a share of federal contracts worth $ 35 billion.

"This is a Québec-Ontario offensive," said Thursday, July 22, the Québec Minister of Economic Development, Clément Gignac, during a press briefing at the Davie shipyard in Lévis.

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New consortium offers lifeline
for struggling Davie Yards

2011-07-15

After Italy's Fincantieri shipbuilding firm withdrew its takeover bid for ailing Davie Yards of Lévis, Québec, SNC-Lavalin announced on July 14 that Davie "would be acquired by a new entity held jointly by Upper Lakes Group (ULG) and Daewoo of South Korea, with the aim of putting the shipyard back in operation as quickly as possible."

Montreal-based SNC Lavalin has formed the joint venture with Daewoo and ULG of St. Catharines, Ontario in order to bid for federal shipbuilding contracts valued at $35 billion.

Davie has been under creditor protection since February 2010. Five offshore support vessels are lying unfinished on the slipways.

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AFL New England-Halifax shuttle launched

2011-07-13

American Feeder Lines (AFL) has launched a weekly container service connecting with global liner carriers via the ports of Boston, Portland and Halifax. The AFL New England paid its first call to Halifax on July 8. The German-built, UK-flag AFL New England has a capacity of 700 TEUs, and is equipped with 100 reefer plugs.

Andrew Haines, Boston-based Vice-President Line Management for AFL, has indicated that the fledgling carrier is especially "targeting New York-Boston corridor truck traffic as we will be offering a service that has better transit times and is greener."

On the import side, AFL is eyeing wines and spirits, garments and apparel, reefer and dimensional freight. On the export side, it is forest products, scrap metal and other commodities that could benefit from better transit times.

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Seaway grain shipments surge 20%

2011-07-13

Grain shipments through the St. Lawrence Seaway rose by more than 20% while total traffic increased 3.5% in the first three months of the waterway season.

International demand for American and Canadian wheat drove up grain shipments to 2.6 million tonnes versus the year-earlier 2.1 million tonnes for the commercial navigation period from late March to the end of June. Total traffic added up to 12.8 million tonnes versus 12.36 million tonnes.

Iron ore was down at 3 million tonnes versus the year-earlier 4.3 milliontonnes whereas coal was up at 1.34 million tonnes versus 1.2 million tonnes.

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