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Italy's Fincantieri negotiating
to buy Davie Yards

2011-04-05

Financially-truggling Davie Yards of Lévis, Québec has announced negotiations with Fincantieri, a large Italian shipbuilder based in Trieste within the Finmeccanica Group, in a bid to position itself to win part of a multi-billion naval contract from the Canadian government.

Gustav Johan Nydal, chief executive of Norwegian-controlled Davie, said that Fincantieri and DRS Technologies Canada, a defence electronics subsidiary, "have the strength and technical expertise that we are seeking to take over the Lévis yard."

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BC waterfront dockers/employers
in prolonged deadlock

2011-04-01

A federal mediator has stepped in to seek a new collective agreement between  maritime employers and 4,500 dockers locked in a prolonged deadlock that could potentially disrupt normal shipping activity at Port Metro Vancouver (PMV) and other ports on the B.C. coast.

Bill Lewis, the mediator, entered resumed negotiations on March 31 between senior officials of the B.C. Maritime Employers Association (BCMEA) and of the International Longshore and Warehouse Union (ILWU). The BCMEA represents 62 ship and terminal owners.

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CSL purchases
Norwegian firm's self-unloader business

2011-03-23

The CSL Group and  Kristian Jebsens Rederi AS (KJR) have announced the acquisition by CSL of the assets and associated contracts of the Norway-based firm's belted self-unloader business. Financial details of the transaction announced March 23 were not disclosed.

CSL intends to manage the belted self-unloader business through a new subsidiary, CSL Europe, which will be based in the United Kingdom and Bergen, Norway.

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Algoma targets investments of close to $400 million

2011-03-22

Algoma Central Corporation announced today (March 22) that it expects to invest close to $400 million in Great Lakes shipping as it positions itself for the future.

Speaking at the Top Hat ceremony in St. Catharines marking the opening for the 2011 Seaway season on the Welland Canal, Greg Wight, President and CEO of Algoma Central Corporation, stressed: "This level of commitment to this industry is unprecedented. It is now up to all of us to work together to ensure we translate commitment and optimism into reality."

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Seaway launches 2011 season on upbeat note

2011-03-22

The 2011 St. Lawrence Seaway season  kicked off today (March 22) with a mood of optimism prevalent among Seaway officials and users.

At the opening ceremony at the St. Lambert Lock in Montreal, Terence Bowles, President  and CEO of the St. Lawrence Seaway Management Corporation, saluted the recent announcements by carriers to renew their fleets and predicted that shipments on the North American waterway should increase by about 7% this year to 39.1 million tonnes.

In 2011, Mr. Bowles said he foresaw continued continued strength in the staple cargoes of grain and iron ore. He also anticipated a rebound of road salt shipments and rising project cargo movements due in part to continued activity in the Alberta oil sands.

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