Algoma Central Corporation reported 2016 third quarter revenues of $115,333 compared to $125,077 for the same period in 2015. The decrease in revenue occurred mainly in Domestic Dry-Bulk and was due to reduced customer demand in major commodities and the impact of lower fuel costs that are passed on directly to customers as part of the freight rate. Revenues in the Product Tanker segment decreased due primarily to reduced customer demand and lower fuel prices. Partially offsetting these decreases was an improvement in Ocean Shipping segment revenue due to more revenue days resulting from the addition of two vessels to the fleet in early January.
Manitoulin Transport announced that it is now providing direct service to all towns and cities in southeastern Ontario via three new terminals in Cornwall, Peterborough and Kingston. Direct service in the region will enhance Manitoulin’s ability to provide faster transit times and increase shipment visibility for its customers.
Termont and MSC inaugurate 350,000 TEUs of new container capacity at the Viau terminal in the port of Montreal
Termont Montréal Inc. (“Termont”), and Mediterranean Shipping Company S.A. (“MSC”), joined Marc Garneau, Canada’s Minister of Transport; Minister Laurent Lessard, Québec’s Minister of Transport, Minister Jean D’Amour, Québec Minister for Maritime Affairs; and Montréal Port Authority to inaugurate the Viau container terminal at the port in the presence of approximately 75 guests and dignitaries.
By Guy M. Tombs
I am the first grandson of a man who as a boy badly broke his nose in a fist-fight on Montreal’s Richmond Square in 1892. It wasn’t fixed properly. Guy Tombs began at Canadian Pacific Railway that year at 14. In his 40’s he founded our firm. He always favoured his pugilist’s nose, wiping its flattened ridge reflexively with his forefinger, until the end of his life in his late nineties. So who am I to speak of etiquette – descended from a street-fighter, and named after him!
This season’s highlight was the city’s first double-ship day – having received Crystal Serenity and Silver Whisper simultaneously this past September 26, marking a milestone in Destination Sept-Îles Nakauinanu’s history. For the first time, the port was tasked with the challenge of operating two sites at once and providing for some 2,500 passengers and crew members who were able to see all that Sept-Îles has to offer.