Nova Scotia Business Inc. (NSBI) has signed a contract, effective July 1, 2012, with Halifax Port Authority (HPA) to assume management responsibilities of the Sheet Harbour Terminal. The 10-year agreement is performance-based with an option to renew.

HPA will manage and operate the port under an agreement that includes performance goals. “HPA has a global network within the industry and a proven track record,” said Stephen Lund, President and CEO of NSBI. “With this new agreement, NSBI and the Sheet Harbour steering committee’s objective is to see increased annual hours worked at the port and to stimulate economic growth for the Sheet Harbour community.”

HPA will provide multiple, competitive stevedoring companies an opportunity to use the terminal. “We welcome HPA to our community and the opportunities it can bring to Sheet Harbour,” said Anthony Turner, port of Sheet Harbour steering committee member.

The port is in Sheet Harbour on the Eastern Shore of Nova Scotia and it is well-suited for marine and resource-based industry, manufacturing and being an intermediate port for ships on their way to another destination. Companies have already established processing and shipping facilities at the port as a competitive alternative to other locations.

“We know that the port of Sheet Harbour is an important asset and we look forward to working with all of the diverse members of the community to make this a successful undertaking,” says George Malec, Vice-President of Business Development and Operations, Halifax Port Authority.

NSBI, HPA and community representatives from the port of Sheet Harbour steering committee will host an open house for the community. Details will be announced shortly.

Port of Sheet Harbour is an ice-free deepwater port with a channel draft of 10 metres, and is located about 110 kilometres East of Halifax. The port, owned by NSBI, is used primarily for bulk and breakbulk shipments. An industrial park is located immediately adjacent to the port.