Damen signs contract with Groupe Océan for two Modular Multi Cats

At the recent New Orleans Workboat Festival, Damen Shipyards Group signed a contract with Le Groupe Océan for the delivery of two Damen Modular Multi Cats 1205. The vessels, which are made of standard, container sized units for easy transportation anywhere, will serve as dredging support vessels on an oil sands project in northern Canada. Le Groupe Océan is a major participant in Québec’s maritime industry, and operates mainly in Quebec, Ontario, and New Brunswick. The company has nearly 850 employees and is one of Canada’s largest providers of marine services.

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Thirtieth annual cruise season at Port Saint John predicts 19 per cent increase

Port Saint John’s 30th cruise season will start with the May 1st arrival of Oceania Cruises’ Marina and continues to the final cruise ship of the season on November 2nd with Regent Cruises’ Seven Seas Navigator. By the time the last ship casts off its lines, 75 ships will have visited, bringing with them approximately 176,000 passengers and 70,000 crew, for a total of 246,000 passengers and crew, representing a 19 per cent increase in passengers over the 2017 season.

“In 2018 we will experience our fourth consecutive year of growth in cruise and a significant increase in the number of cruise guests who will visit, contributing to the visitor economy in Saint John and Southern New Brunswick.  With one in ten jobs in the Bay of Fundy region attributable to the tourism sector, we are pleased to be a crucial component of this sector’s sustainability and ability to contribute to our economy,” Jim Quinn, President & CEO.

Rand Logistics emerges from Chapter 11, and is acquired by American Industrial Partners

Rand Logistics, Inc., a provider of bulk freight shipping services throughout the Great Lakes Region, announced that American Industrial Partners (“AIP”) has completed its acquisition of the Company. AIP is a New York-based private equity firm with over $4.0 billion of assets under management that has focused on buying, improving and growing industrial businesses in the U.S. and Canada for over 20 years.

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Oceanex Inc. 2018 Platinum Club Winner of Canada’s Best Managed Companies

Oceanex was recognized for overall business performance and sustained growth with the prestigious Canada’s Best Managed Companies designation. The 2018 Best Managed program award winners are amongst the best-in-class of Canadian owned and managed companies with revenues over $15 million demonstrating strategy, capability and commitment to achieve sustainable growth.

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Logistec acquires Gulf Stream Marine of Houston, Texas

Logistec Corporation announced the expansion of its network of terminals through its acquisition of Gulf Stream Marine of Houston, Texas. This transaction will allow Logistec to establish a stronghold in the U.S. Gulf, provide access to an experienced talent pool, facilitate knowledge transfer between the two organizations, and generate immediate positive benefits to shareholders.

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