by CanadianSailings | Jun 10, 2019 | Other
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.
by CanadianSailings | Jun 10, 2019 | Other
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…)
by CanadianSailings | Jun 10, 2019 | Other, Other Stories, Ports and Terminals, Rail
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 CanadianSailings | Jun 10, 2019 | Featured, Ocean, Ocean Carriers, Other, Supply Chain and Logistics
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 CanadianSailings | Jun 10, 2019 | Bruce Striegler, Business and Economy, Gateways and Corridors, Ocean, Ocean Carriers, Other, Other Stories, Ports and Terminals
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 CanadianSailings | Jun 10, 2019 | Brian Dunn, Business and Economy, Gateways and Corridors, Ocean, Ocean Carriers, Other, Other Stories
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…)
