No Toll Increase for Seaway in 2011

Wednesday, January 19, 2011

The St. Lawrence Seaway Management Corporation (SLSMC) announced that there will not be a toll increase in 2011. The decision to extend the toll freeze was made in an effort to maintain the momentum underlying the Seaway’s market development initiatives.

A 15.46% increase in tonnage during the 2010 navigation season testifies to a rebound in activity, following a difficult 2009 season. The effectiveness of the SLSMC’s business development initiatives can be witnessed with over a million tonnes of new business passing through the system in 2010.

“Given the recuperation of the economy, an extra year with no toll increase will assist our stakeholders in their efforts to develop new business and will serve to reinforce the Great Lakes St. Lawrence Seaway System’s position as the gateway to North America’s heartland,” said Bruce Hodgson, Director of Market Development for the SLSMC.

Recently appointed SLSMC President and CEO Terence Bowles voiced his support for the toll freeze.  “We are striving to reduce the cost and complexity of the system and attract new cargo,” said Bowles. “The extension of the toll freeze, coupled with various incentive programs, represents tangible steps toward meeting these objectives.”

Since its inception in 1959, more than 2.5 billion tonnes of cargo valued at over $375b have moved via the Seaway. Today, marine transportation within the Seaway continues to support the well-being of millions of people on both sides of the Canada/US border and, through increased use, carries the promise to do even more. The SLSMC remains dedicated to promoting the economic and environmental benefits of the marine mode, attracting new cargoes to the Seaway and leveraging technology to enhance the system’s performance.

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Deep Sea Supply takes Delivery of 'Sea Triumph'

The Deep Sea Supply  took delivery of the newbuilding Platform Supply Vessel 'Sea Triumph'  on Thursday 18 September.  The vessels 'Sea Triumph' is a STX 05-L

Tropical Storm Polo Threatens Battered Mexican Resort of Los Cabos

Tropical storm Polo barreled nearer on Friday to the Mexican Pacific resort of Los Cabos where thousands of troops were restoring order following widespread

Keystone XL Costs to Nearly Double - TransCanada

The total cost of TransCanada Corp's controversial Keystone XL pipeline is likely to nearly double following six years of regulatory delays, a company spokesman said on Friday.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction 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: 0.1585 sec (6 req/sec)