PSA International Acquires Penn Terminals
Marking its first foray into the US, Singapore-based port operator PSA International has completed the acquisition of Penn Terminals located on the Delaware River in the U.S. from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets.Penn is a privately owned multipurpose marine terminal on the Eastern Coast of the USA. Penn’s terminal, warehousing and stevedoring services have enabled it to handle its clients’ cargo since 1986.“This acquisition represents PSA’s very first foray into the USA.
Contrecoeur Port Expansion Deal Signed
The Canada Infrastructure Bank (CIB) announced that it will work with the Montreal Port Authority (MPA) to advance the project development of a new container terminal in Contrecoeur, where the port plans to expand its activities.The work could lead to an investment in the South Shore project, potentially via a form of equity or debt financing, said Pierre Lavallée, the bank’s chief executive officer.The Memorandum of Understanding confirms that CIB and MPA will work on the financial structuring of the proposed terminal.
PSA International Buys Canada's Halterm
Singapore-based port operator PSA International has completed the acquisition of Halterm Container Terminal in the Port of Halifax, Canada, from Macquarie Infrastructure Partners."PSA International Pte Ltd concluded the purchase of the terminal from Macquarie Infrastructure Partners after formal approval by regulatory authorities, " said a PSA news release issued on Wednesday night.Halterm is the only container terminal in Eastern Canada that can serve mega container vessels.
PSA to Acquire Halterm, Penn Terminals
Singapore-headquartered port operator PSA International is all set to take over the Halterm Container Terminal in the Port of Halifax, Canada, and multipurpose Penn Terminals in Pennsylvania, USA.Both Halterm and Penn terminals are 100% owned by Macquarie Infrastructure Partner funds, a fund managed by Macquarie Infrastructure and Real Assets (MIRA). The price was not disclosed.Halterm terminal at the Port of Halifax is the largest container terminal in Eastern Canada. Penn Terminals located in Philadelphia…
Nordic American Offshore Shelves Horizon Maritime Combination
The owner and operator of platform supply vessels (PSVs) Nordic American Offshore (NAO) has informed that its project to combine with Horizon Maritime Services has been called off.A stock exchange announcement from the Bermuda-based company said: "The contemplated business combination, involving NAO and a group in Eastern Canada (Horizon Maritime), has been shelved as it has been decided not to move forward at this time."It added that a Nordic company (Nordic Canadian Shipping…
Young Joins GAC
Daniel Young has been appointed as GAC’s Group Marketing Manager, covering the eastern United States, eastern Canada, and the Caribbean.He brings to his new role 15 years’ port agency and logistics experience drawn from a diverse working background that includes business development for both commercial and government customers, port operations management and freight forwarding. Young’s appointment reflects the Group’s continuing drive to fully understand and meet the needs of its customers by drawing on its strengths and versatile, integrated range of shipping and logistics services.
Port Saint John Cargo Volume up 15%
Year-over-year total cargo tonnage at Port Saint John, Eastern Canada’s largest port by volume, increased by over 4 million metric tonnes in 2017. Overall cargo tonnage handled for the year 2017 was 30,458,422 metric tonnes, a 15% increase over 2016. All cargo sectors, aside from the anticipated exception of containers, experienced significant gains in 2017. Additionally, the loss experienced in containerized cargo was lessened due the introduction of a new weekly container service by CMA CGM in 2017.
In Blizzard's Wake, Northeastern US Brace for Intense Cold
Street crews in the U.S. Northeast raced through the night into Friday to clear snow-clogged streets after a powerful blizzard and restore power to homes ahead of a brutal cold spell that has killed more than a dozen people. From Baltimore to Caribou, Maine, efforts were under way to clear roadways of ice and snow as wind chill temperatures were to plunge during the day, reaching -40 F (-40 C) in some parts after sundown, according to the National Weather Service. The brutal cold was forecast to reach from New England across to the Midwest and down to the Carolinas…
Port of Québec Proposes New Box Terminal
The Québec Port Authority (QPA) announced plans to build a new $400 million container terminal as the port seeks to offer a competitive alternative in the St. Lawrence–Great Lakes market. In a speech to the Québec City Chamber of Commerce and Industry, port president and CEO Mario Girard noted that the opening of the new 15-meter-deep Panama Canal in 2016 and the emergence of next-generation ships requiring deep-water ports is completely changing the landscape of commercial shipping, making it harder for the St.
US LNG Exports to Increase: EIA
U.S. Energy Information Administration (EIA)'s latest Short-Term Energy Outlook projects that the United States will export more natural gas than it imports in 2017. The U.S. has been a net exporter for three of the past four months and is expected to continue to export more natural gas than it imports for the rest of 2017 and throughout 2018. The nation’ status as a net exporter is expected to continue past 2018 because of growing U.S. natural gas exports to Mexico, declining pipeline imports from Canada, and increasing exports of liquefied natural gas (LNG). The U.S.
Tanker with Disputed Kurdish Oil Reappears off Malta
The Neverland tanker has reappeared off the coast of Malta after going off radar near Canada on June 30, when it was chartered by oil trader Vitol carrying Iraqi Kurdish crude oil, Reuters ship-tracking showed on Friday. The tanker had been heading to eastern Canada to discharge the cargo at the end of June when the Federal Court of Canada issued a seizure order for the cargo at the request of Iraq's oil ministry. Iraq alleges the cargo was unlawfully misappropriated by the Kurdistan Regional Government (KRG) and sold to Vitol.
Traditional, Project Cargoes Transit St. Lawrence Seaway in November
“November was a good month for the export of agricultural products and shipments of aluminum ingots on the Great Lakes Seaway System,” said Betty Sutton, Administrator of the U.S. Saint Lawrence Seaway Development Corporation. “Under the binational trade development program known as ‘Highway H2O’, the U.S. Sutton added, “The U.S. Great Lakes ports of Toledo, Ohio; Duluth, Minn.; Burns Harbor, Ind.; and Milwaukee, Wis. handled corn, soybeans and wheat exports bound for Europe, South America, and Central America.
TGS, PGS Team Up on Eastern Canada Seismic
TGS announces the expansion of its multi-client library offshore Eastern Canada with plans to acquire more than 36,000 km of 2D seismic data, in partnership with PGS, utilizing two vessels during the 2016 acquisition season. The M/V Sanco Spirit and M/V Atlantic Explorer, utilizing the PGS GeoStreamer technology, will acquire seismic and gravity data in the Labrador Sea, Newfoundland Orphan-Flemish Pass basins and Grand Banks areas. Data acquisition will commence during late May 2016.
Seaway Opens 58th Navigation Season
The St. Lawrence Seaway Management Corporation (SLSMC) marked the opening of the Seaway’s 58th navigation season today, with the transit of Canada Steamship Lines’ Thunder Bay through Lock 3 on the Welland Canal. The ship, carrying a load of road salt, will be replenishing stocks depleted by ice storms which repeatedly struck Eastern Canada over the winter. “We certainly welcome the warmer weather. A return to an opening in the third week of March provides our clients with the opportunity to move cargo in a timely manner…
New Appointments at Becker Marine Systems USA
Becker Marine Systems USA continues growth in North America. Becker Marine Systems, the leader in rudder technology and the inventor of the Becker Mewis Duct Energy-Saving Device has added Brian Rhoades and Adam Wood to their USA staff. Mr. Rhoades will have the role of Northeast Sales Representative and will be based in Pennsylvania. A Kings Point graduate, he brings 30 years of experience to the role and will support Becker customers in Eastern Canada and the US. Mr. Wood joins…
AdvanTec Hires Business Development Manager
AdvanTec Global Innovations Marine Division comprised of Freeman Marine Equipment, Diamond Sea Glaze, Pacific Coast Marine and SteelHead Marine—all manufacturers in the marine equipment industry specializing in doors, hatches and windows—announced the addition of Brandon Reid to its business development Team. Reid will assume the role of Business Development Manager, responsible for AdvanTec’s presence in Eastern Canada and the U.S. Reid comes to AdvanTec from the marine equipment sales industry, previously working with Beclawat Manufacturing.
Pettit Announces New Hires
Pettit Marine Paint, a manufacturer of high performance marine coatings, announced its latest promotions and additions within its sales and customer service teams. In the wake of significant and sustained growth following the release of its Hydrocoat Eco, coupled with strong sales from Pettit’s EZ-Poxy2 and Prop Coat Barnacle Barrier, the new hires will help meet increasing market demand for the company’s offerings, Pettit said. “This is truly a great time for Pettit Paint,” said Don Zabransky, vice president sales and marketing, Pettit Marine Paint.
Shaw Joins Capilano Maritime Design
Capilano Maritime Design Ltd., a naval architecture design firm based in North Vancouver, BC, Canada, announced that John Shaw has joined the firm as Manager of Engineering. For the last six years, John was employed at Seaspan Shipyards where he played a role in the shipyard’s successful bid for a $2.6 billion contract for the construction of several non‐combat ships for the Government of Canada. He has served as Technical Director for Thordon Bearings Inc. for many years during the development of their highly successful water‐lubricated bearing products.
RINA Appoints Business Development Manager
RINA Services S.p.A., the international Classification Society, announces that Ches K. King joined RINA USA Inc. as Business Development Manager. Based in the Seattle area, Ches will support the RINA Services marine and industrial clients in the North and Central American markets, as well as engage clients in the development of new advisory activities and services. Ches has been active in the marine industry in the Pacific North West, Central and Eastern Canada and the USA in general since 1981, and comes to RINA with a wide breath of experience in various market segments.
St. Lawrence Seaway LNG Dual-fuel Ferries Ordered
Chantier Davie Canada contracted to build two dual-fuel Ro-Pax ferries for La Société des traversiers du Québec. The two dual-fuel LNG Ro-Pax ferries will operate on the St. Lawrence River on the Tadoussac-Baie-Sainte-Catherine route and are due to enter service in 2015. At 92 m long, each vessel will have over 625 lane meters across two decks, allowing the transport of over 115 vehicles and 10 heavy goods vehicles. Alan Bowen, CEO of Davie commented “This project has been a long time in the planning and we are very excited to now begin construction.
Ian C. Strachan Elected Transocean Chairman
The Board of Directors of the company elected Ian C. Strachan to serve as Chairman of the Board effective May 18, 2013. Mr. Strachan replaces J. Michael Talbert who was not re-elected at the company's annual general meeting held on May 17, 2013. Mr. Strachan has served as director of the company since December 1999. Most recently, he served as chairman of the Finance Committee of the company as well as serving on the Corporate Governance Committee of the company. The Board believes that Mr.
Cruise Ship Hulk Set Adrift in N. Atlantic
Cruise ship 'Lyubov Orlova' broke free while on tow from St. John's NL, Canada for scrap in the Dominican Republic. In bad weather on 24, January the towline parted, and the Canadian authority Transport Canada ordered the tugboat Charlene Hunt to return to port a few days later. Fearing possible collision of the drifting vessel with oil and gas installations off eastern Canada, the Lyubov Orlova was secured by the Atlantic Hawk anchor handler on the 31, January and was towed clear, however, a few days later Transport Canada decided the tow, now in international waters, should be releasd.
Seadrill Advance Charter Out Semi-submersible 'West Mira'
Seadrill has received a Letter of Award from Husky Oil Operations Limited for a new five-year contract for the newbuild harsh environment semi-submersible rig West Mira for operations in Canada and Greenland. Total estimated revenue potential for the contract, including mobilization and performance bonus is approximately US$1.18 billion for the five firm years. Total estimated revenue potential for the contract, including mobilization and performance bonus is approximately US$1.18-billion for the five firm years.
Oceanex: Flensburger to Build Largest Canadian Flag Con/Ro
Representatives from Oceanex Inc., were in Flensburg, Germany last week for the cutting of first steel of what will become the largest Canadian flag container/roll on roll off (Con/Ro) ship. This twenty knot, ice-class vessel, to be named the Oceanex Connaigra, is custom designed for world-wide trade and will be 210 meters in length with a deadweight carrying capacity of 19,500 metric tonnes. According to Oceanex Executive Chairman, Captain Sid Hynes, “construction of this unique ship represents an investment of more than $100 million…
Largest Dredger Ever Built in E. Canada Christened
Recent christening at Ocean Industries Shipyard of the largest dredge ever built in Eastern Canada, the 'Ocean Traverse Nord'. The Ocean Traverse Nord was built this past year at Ocean Industries shipyard at Isle-aux- Coudres. A 25-million-dollar shipbuilding project, the largest ever in Eastern Canada and Ocean's first dredge, created over fifty new jobs at the shipyard while generating major direct and indirect economic benefits for the Québec City region and especially for Charlevoix.
Logistec Corp. Acquires Rideau Bulk
Logistec Corporation (TSX:LGT.A)(TSX:LGT.B), a diversified cargo handler in eastern Canadian and U.S. ports, announced that it has acquired, through its wholly-owned subsidiary, Logistec Stevedoring Inc., 100% of the issued and outstanding shares of Les Terminaux Rideau Bulk Terminals Inc. Rideau Bulk operates in four ports along the St. Lawrence Seaway located between Montreal (QC) and Toronto (ON). It also operates two inland terminals in the Ottawa (ON) region. Its main activity is to receive road salt from self-unloaders…