Minister Raitt tours federal infrastructure in Sept-Îles and Wabush

Lisa Raitt, Minister of Transport, recently toured federal transportation facilities in Sept-Îles, Quebec, and Wabush, Newfoundland and Labrador. She started her trip in Sept-Îles where she visited the airport and the port and completed her tour with the airport at Wabush. She remarked that “Thanks to its infrastructure and recent Transport Canada investments, I am confident that the airport in Sept-Îles is well-equipped to adapt to, and support, increased air traffic in the region.”

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Algoma Central Corporation reports Q2 results

(All dollar amounts are stated in thousands of dollars)

Agoma Central reported that its consolidated revenues for the three months ended June 30, 2013 decreased from $157,233 to $144,930. For the six-months ended June 30, 2013, revenues were $195,687 compared to $214,184 for the same period in 2012. Net earnings for the three months ended June 30, 2013 of $19,381 were reported, compared to $20,250 for the same period in 2012. For the six-months ended June 30, 2013, the Corporation reported a net loss of $9,254, compared to a net loss of $11,716 for the same period in 2012.

The decreases in revenues were due primarily to reductions in operating days of the Domestic Dry-Bulk segment related to vessel incidents, a return to more normal winter conditions in 2013, a slower start to the regular shipping season and low water levels early in the second quarter of 2013, which impacted cargo volumes.

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CSL’s 2012 Environmental Report highlights need for continued progress on sustainability

The CSL Group’s recently released 2012 Environmental Report underscores the importance of leading meaningful change – through innovation, collaboration and calculated risk-taking – to significantly reduce the shipping industry’s environmental footprint.

“In 2012, we pushed our company to invest in new ideas, explore new partnerships and experiment in new technologies,” states David Martin, Chair of the CSL’s Sustainability Committee. “For progressive companies like CSL, environmental challenges present opportunities to improve our operations, contribute to a cleaner, greener world, and invest in the future. While we are encouraged by steady improvements in our environmental performance, we remain mindful that in our quest to safeguard our water, air and shoreline, our work is never finished. We must work in collaboration with industry partners, governments and NGOs to develop sound policy and solutions to reduce our environmental impact and curtail emissions.”

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The Baie Comeau, CSL’s fourth Trillium-Class laker, arrives from Transoceanic voyage

Canada Steamship Lines welcomed the final of four Trillium Class self-unloading lakers, the Baie Comeau. The vessel arrived in the port of Montreal on August 24. The Baie Comeau’s maiden voyage began on June 30 when it set sail from Chengxi Shipyard in Jiangyin, China. It was commanded by Captain Andriy Bondarenko and Chief Engineer Francis Cotton.

The Baie Comeau joins its sisterships, the Thunder Bay, the Whitefish Bay and the Baie St. Paul. Two new bulk carriers are also set to join the Canada Steamship Lines fleet in 2013-2014. The four new lakers and two bulkers are part of the CSL Group’s broader fleet renewal program, which includes three new Trillium Class Panamax self-unloading vessels for the CSL Americas fleet. The Rt. Hon. Paul E. Martin and the CSL Tecumseh are now operating along the coasts of the Americas and will be joined by a third Panamax, the CSL Tacoma, later in 2013.