By Joe Spears and Monica Ahlroos
The Finns know a thing or two about icebreakers, having constructed Arctic-capable icebreakers for well over 150 years even for the Russians, and it is not every day that they award medals for ice navigation to Canadians. In April 2018 at the Canadian Embassy in Finland, David (“Duke”) Snider, FNI, MM, President of Martech Polar Consulting Ltd. based in Victoria, British Columbia received the Canada-Finland medal metal recognizing his outstanding contributions for fostering good relations via arctic operations and navigation. Martech Polar was recognized by International Transport News Maritime & Shipping Awards 2018 as “Best Global Ice Pilotage and Navigation Specialists” and by CV Magazine’s Canadian Business Awards 2019 as “Best Polar Ice Navigation and Pilotage Specialists” (more…)
Parrish & Heimbecker Limited (P&H) has announced it is expanding its Hamilton flour mill and grain terminal, bringing increased capacity, capabilities and facilities to producers. (more…)
Hamilton Port Authority is pleased to welcome TFI International as its newest port partner. A leader in the North American transportation industry, TFI recently acquired long-time port tenant Toronto Tank Lines (TTL). (more…)
Marine shipping agencies Cross Marine Inc. and Furncan Marine Ltd., both of Montreal, have consolidated their longstanding business relationships as of April 1 by combining their respective expertise, experience, and resources. Both agencies will continue to function as before, under their own names, and there are no changes in contact information.
Cross Marine Inc. was founded in 1991 by Capt. Jan Kroskowski, and specializes in representing cruise lines across Canada.
Under the direction of President and CEO Andrew Chodos, Furncan Marine, founded in 1976, through its long established offices in Saint John NB and Halifax NS, has been operating as agents in the Maritimes, with expertise in cruise ships, tankers, breakbulk, container carriers and bulk carriers.
In the space of just a few weeks, two 81-metre road ferries for BC Ferries have been launched at Damen Shipyards Galati and are now being fitted ahead of entering service next year. Once operational, they will be capable of carrying up to 300 passengers and crew, and 47 vehicles.
The ferries were built to Damen’s Road Ferry 8117E3 design and the order was secured following an extensive, multi-phased, international tender process. BC Ferries is currently undertaking a fleet renewal. The twin Damen Road Ferry 8117E3 will serve the Northern Gulf Islands off the coast of Vancouver, replacing vessels that are now over fifty years old. (more…)
Algoma Central Corporation announced that for the year ended December 31, 2018, revenues increased by 12 per cent.
Consolidated revenues increased to $508.2 million as a result of improved rates in the Domestic Dry-Bulk and Ocean Self-Unloaders segments, and increased customer demand in the Product Tankers segment. Net earnings declined to $50.9 million from $58.8 million in 2017. However, net earnings from continuing operations, which excludes income from discontinued real estate operations in 2017, increased from $35 million to $50.9 million. Earnings in 2018 include a gain of $10.2 million related to the cancellation of four shipbuilding contracts. In December of 2018 the Company received a full refund, including interest, for one of the cancelled contracts and early in 2019, instalments on the remaining three contracts were refunded with interest. (more…)
CN, Prince Rupert Port Authority and DP World Prince Rupert have announced a new weekly marine carrier service at the Fairview Container Terminal.
ZIM Integrated Shipping Services (ZIM) partnered with 2M Alliance and has added Prince Rupert as one of its destinations. With a global reach to over 100 countries, the new ZIM service made its inaugural call at the Port of Prince Rupert on March 27, 2019 with the arrival of ZIM containers on the Maersk Altair vessel. (more…)
Both of Canada’s major railways felt the effects of a poor weather and cold temperatures, and produced similar financial results. As is evident from the table, net income as a percentage of revenues tumbled dramatically from 34 per cent in the first quarter of 2016 to 21 per cent in 2018 at CP, but recovered to 24.6 per cent in the first quarter of 2019. At CN, net income as a percentage of revenues dropped from 26.7 per cent in 2016 to 23.2 per cent in 2018, and further declined to 22.2 per cent in Q1 of 2019. Both carriers eased up on their share repurchasing activities. Stock repurchases increase earnings per share numbers, as earnings are divided by a reduced number of outstanding shares. (more…)
The first train of thermal coal from Coalspur’s Vista Mine in Hinton, Alberta has shipped to Ridley Terminals. CN is also delivering the first unit train of propane from Alberta for export via the new AltaGas Ridley Island Propane Export Terminal.
“I’m very proud to announce the start of these new export supply chains to Asia,” said JJ Ruest, CN’s President and CEO. “Our objective is to help create export supply chains that get national resources to the best markets for our customers. These projects support jobs and increase Canada’s role as an international energy provider into Asia. As these new projects and our record grain movements for the month of April demonstrate, our capital investments are strengthening our existing network and expanding our capacity to move more western Canadian natural resources to market safely and efficiently.” (more…)
By Guy M. Tombs
“An old military adage has it that amateurs concern themselves with tactics, but professionals worry about logistics.” So says Richard Fidler in his excellent book Ghost Empire. Reading this recently cheered me, as I am in logistics. But I quickly had the less comfortable thought that clever tactics frequently overwhelm elaborately thought-out logistics. The game we are all in of course demands of us both knowledge and wit. (more…)
By R. Bruce Striegler
Volumes of containers handled at the port of Vancouver’s terminals have grown substantially through past decades, increasing at an average rate of ten percent annually since 1995. Projections of growth up to the year 2040 are now predicted at about 8.0 million TEUs (or 20-foot-equivalent units), and to give some perspective, in 2018 Vancouver handled 3.4 million TEU’s. The port is deeply engaged in capacity expansion, either directly or in cooperation with private terminal operators, and it points to projects already approved or somewhere in the approval pipeline, designed to reduce the potential capacity jams. Capacity improvements are at the heart of an unpleasant row which has developed between the Port Authority and one of its larger tenants, GCT Terminals Canada. (more…)
By Brian Dunn
As it celebrates its 75th anniversary this year, Fednav is showing its appreciation for the support it has received from the Montreal business community, by naming its two new Lakers Federal Montreal and Federal St. Laurent. It’s the first time Fednav has named a vessel after a city. Federal Montreal will be delivered at the end of August and Federal St. Laurent is expected to arrive at the end of June. The 35,000-tonne Lakers are being built by Oshima Shipbuilding in Japan with six holds, four cranes and onboard ballast water system. (more…)