Canmar Venture News

invest in new tonnage and pioneer new services. reliability, price, technology, customer relations and on-time delivery. the largest ships ever to be deployed in the St. teu containerships Canmar Venture and Canmar Spirit. fastest transit times between the continents. responsibility for Canada Maritime. with the new ships and terminal investments at our Montreal Gateway.

For the third time in its history, Canada Maritime won the traditional'race' to be the first ocean-going ship to enter the port of Montreal after midnight on December 31st. The 1,000 teu Canmar Glory battled through the North Atlantic December gales to reach the Canadian gateway at 00:29 on January 1st, beating a friendly rival from Cast by 3.8 miles, and a OOCL ship trailing two miles further behind. early years of the 19th Century. hat. A more lasting Malacca cane with a gold head bearing the arms of Canada and an engraved inscription was substituted in 1880. is made and presented every year. Nowadays, the presentation is made to the first ship to arrive after New Year, as the port is no longer icebound in winter.

Service (SLCS), has agreed to charter a fixed number of container slots to CMA-CGM on one of its Montreal-North Europe services. The agreement is expected to take effect in late April after CMA-CGM has withdrawn its existing tonnage from this route. The slot-charter is in addition to the existing agreement between Canada Maritime, OOCL and the Canex consortium which began in January 2003. "This will help supply and demand in the Montreal-North Europe trade lane become better balanced," said CP Ships Executive Vice President Commercial Alan Boylan. The slots will be taken on three SLCS ships, Canmar Spirit, Canmar Venture and OOCL Montreal for service between Montreal and Antwerp and Le Havre.

Three million teus in 18 years. Maritime's Northern Service since it started operations in 1984. President, CP Ships with overall responsibility for Canada Maritime. "Just thinking about the variety of goods that will have been carried and the number of customers for which we have moved cargoes is quite remarkable. "Laid end-to-end, three million teus stretches nearly 11,250 miles, which is not far short of being half way round the world!" he added. Today, Canada Maritime's Northern Service offers three routings which all operate weekly through the Montreal Gateway. Thamesport, Antwerp and Le Havre; Route 2 links Montreal with Antwerp and Hamburg and Route 3 links Montreal with Liverpool.

company's distinctive red livery. shipments. redesigned website," explained Senior Vice President, Terry Burrows. will give a continual update on service upgrades and improvements. information and that they want to be able to get it at any time. of the company including an interactive history timeline. routes. In this section, they can check on the progress of their shipments. There are interactive route maps, sailing schedules and an accounts section. Four of Canada Maritime's ships offer passenger travel opportunities so "Voyager's World" is a must first stop for anyone planning a special voyage by cargoship across the Atlantic. The page guides you through the simple steps to get more information or to make a booking. times and prices.

catalyst for a significant redeployment of tonnage in Canada Maritime's three different weekly services in the North America-Europe trade lane via the Montreal Gateway. Le Havre. Canada Maritime operates these vessels in the St. partnerships. route. September. transAtlantic. Route 2, displacing those vessels to Route 3. (ex-OOCL Canada), Cast Prominence (ex-Canmar Courage). and Cast Power will be deployed elsewhere within CP Ships services. Ships with overall responsibility for Canada Maritime. the industry as a whole. and make them available for Route 2 and Route 3. through Montreal. industrial heart of Canada and USA. the Northern Service," continued Mr Burrows.

CP Ships Limited has announced an unaudited operating income for second quarter 2003 of $40 million, nearly double the $21 million operating profit in second quarter 2002 and a $42 million improvement from the $2 million operating loss before exceptional items of $10 million in first quarter 2003. Basic earnings per share was $0.32 compared with $0.20 in second quarter 2002 and basic loss per share before exceptional items of $0.12 in first quarter 2003. Net income was $29 million compared to $16 million in the same period 2002 and a net loss of $11 million before exceptional items in the first quarter 2003. Volume at 558,000 teu was a quarterly record, up 12% from second quarter last year.

making progress. The names for the vessels have also been released. 14th. Canmar Spirit. Spirit in late July 2003. wide and have a draught of 10.78 metres. with a service speed of 22 knots. in Canada Maritime's Northern Service. operate weekly through the Montreal Gateway. Hamburg and Route 3 links Montreal with Liverpool. in the St. Lawrence Co-ordinated Service (SLCS). age and celebrates 21 years of operation this year. will continue to market their services independently as competitors. been introduced into Canada Maritime's Northern Service. teu capacity entered service in 1996, followed by 2800 teu ships in 1998. responsibility for Canada Maritime. been used in the Canada Maritime fleet. retired last year after many years of reliable service.