Canadian Seaway: Transit Rate Increase

Press Release
Monday, March 18, 2013
Seaway Locks: Photo credit SLSDC

The Canadian St. Lawrence Seaway Management Corporation (SLSMC) increase tolls 3% for 2013 season.

There are no tolls charged for transiting the U.S. section of the Seaway's lock system which is operated by the U.S. Saint Lawrence Seaway Development Corporation.

More than 39 million metric tonnes of cargo transited the Seaway during the 2012 navigation season which represented a 4 percent increase in cargo volume.  The increase in cargo tonnage reflects the modest economic recovery taking place within the Seaway’s client base and the emergence of new trade patterns.  “Our carriers are making significant progress in building their share of the cargo market.  The continuation of the Seaway’s existing business incentive programs and the pending introduction of a new Gateway Incentive will serve to extend the marine mode’s competitive position, and generate new business” said Bruce Hodgson, Director of Market Development for the SLSMC.

Terence Bowles, President and CEO of the SLSMC, said: “We continue to invest in the renewal of the Seaway infrastructure so as to provide the high reliability users have become accustomed to. We are also diligently advancing efforts to reduce system costs and bring more cargo into the Seaway. To this end, we are moving forward with testing of our Hands Free Mooring technology, as part of our transit of the future initiative”.

The Great Lakes Seaway System navigation system supports over 227,000 jobs and $35 billion of economic activity annually in the U.S. and Canada.  Since its inception in 1959, more than 2.5 billion tonnes of cargo valued at over $375 billion have moved via the Seaway.  The SLSMC and its partners at the U.S. Saint Lawrence Seaway Development Corporation (SLSDC) remain are committed to leveraging technology and making the necessary infrastructure investments to enhance the Seaway’s performance, promoting the economic and environmental advantages tied to marine transportation, and attracting new cargoes to the Seaway.

 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

ICS: EU Must Act in Mediterranean Crisis

The International Chamber of Shipping (ICS) says EU Member States must act urgently to prevent the loss of thousands more lives, as the humanitarian crisis in the

Hike in Service Tax at Indian Ports

The Indian Ministry of Finance has advised an increase in service tax and applicable at all ports. The effective date has not yet been announced. The rate

Wärtsilä BWM Systems for Chemical Tankers

A series of eight new 33,000 DWT chemical tankers, currently under construction in Asia, will feature Wärtsilä Aquarius UV Ballast Water Management Systems (BWMS)

Finance

Shipping Industry Faces Shake Up

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate

Gulf of Mexico Oil Production on the Rise

Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016.

Vessel Sales: February 2015

Vessel sales for February 2015  - (as of March 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built -  - (Age)

Great Lakes

Ice Coverage on Great Lakes 89 pct: NOAA

Ice coverage on the Great Lakes is nearing 90 percent, reveals high resolution satellites images from National Oceanic and Atmospheric Administration (NOAA).   The entire Great Lakes is at 88.

Great Lakes Shipping Worries about Tough Spring

Ice conditions have been causing concern for Great Lakes shipping industry. The satellite images show that the Great Lakes once again almost entirely covered in ice.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Port Authority Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2043 sec (5 req/sec)