Keeping Canada Moving: A New CFOA Report

MarineLink.com
Sunday, October 06, 2013
CFOA Survey Report

The Canadian Ferry Operators Association (CFOA) officially released 'Keeping Canada Moving', an industry report that highlights the ferry sector’s significant economic contributions and that demonstrates the need for further government investment in marine transportation infrastructure.

"“Ferries form an essential part of Canada’s transportation systems, and ferry operators provide vital economic connections for Canadians across the country,"” said Serge Buy, CEO of CFOA.  “"While we applaud the federal government’s commitment of over $50 billion in infrastructure investments over the next 10 years, it’s important to remember that infrastructure is more than just highways and bridges.  Investments in maritime transportation are needed at the same time.”"

The report reflects the key contributions that ferry operators make in driving Canada’s economy and meeting the transportation needs of Canadians.  In 2012, CFOA ferry operators:

  • Connected people and markets across the country by transporting nearly 40.7 million passengers and over 14.8 million vehicles;
  • Contributed to Canada’s economic growth by employing more than 8,400 Canadians, helping generate more than 22,600 jobs and by maintaining operating budgets of over $1 billion;
  • Provided essential transportation services and vital links to Canada’s remote communities by operating more than 180 ferries on over 120 routes;
  • Continued to provide a safe and environmentally friendly means of transportation by investing in cleaner technologies and more efficient vessels, and by contributing to a noteworthy industry safety record.

 These contributions are in addition to the approximately $2.3 billion the ferry sector is already investing in fleet renewal over the next five years.

The report is available at: http://www.cfoa.ca/wp-content/uploads/2013/10/CFOA-Survey-Report.pdf


 



 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Young Taken on PESA Advisory Board

Hoover Container Solutions’ chairman and CEO, Donald Young, has been nominated and elected to the Petroleum Equipment & Services Association (PESA) Advisory Board for a three-year term.

US Navy Tests Latest Aegis Weapon System

The U.S. Navy conducted a series of cooperative air defense test exercises with the Spanish navy that culminated in live missile firing events using the latest Aegis Weapon System baseline July 20-21.

Antwerp Port CEO Scoops Baron Title

After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium

Finance

Canada Seek to contain Oil Spill

Authorities are building a new containment boom to fight an oil spill in a major western Canadian river, officials said on Saturday, after the spill breached a

Ecuador Pays $112 mln Award to Chevron

Ecuador has paid $112 million to energy company Chevron Corp over a four-decade-old contract dispute, even though it remains in disagreement, the head of the central bank has said.

NASSCO Bags USS Oak Hill Modification Award

General Dynamics NASSCO-Norfolk was awarded a $42 million cost-plus-award-fee modification to a previously awarded contract for the repair and alteration for the USS Oak Hill (LSD-51).

Environmental

Canada Seek to contain Oil Spill

Authorities are building a new containment boom to fight an oil spill in a major western Canadian river, officials said on Saturday, after the spill breached a

Cosco: No to Shark Fin

China's biggest shipping and logistics company Cosco has pledged a total ban on transporting shark's fins,  says SCMP. It called the move a "body blow" to the international shark's fin trade.

Panama Canal Launches Green Award System

The Panama Canal has launched the Green Connection Award, a new initiative to recognize customers who demonstrate excellent environmental stewardship, and to encourage

Ferries

Wärtsilä Environmental Efficiency for Hybrid UK Ferry

A new ferry being built at the Cemre shipyard in Turkey for UK operator Wightlink will feature a comprehensive range of modern Wärtsilä equipment and systems to

Finland's Wartsila Sticks to 2016 Outlook

Finnish ship engine and power plant maker Wartsila reported weaker-than-expected quarterly profit and order intake on Wednesday. Wartsila cited tight competition

Incat Crowther Designs NYC's New Ferries

Incat Crowther has designed a new fleet of vessels for Hornblower, the selected operator of New York City’s new Citywide Ferry Service. The undertaking announced

Logistics

Global Fleet Growth: A More Mature Trend?

The supply of ships into the fleet is a key determinant of vessel earnings across the shipping sectors, and world fleet growth is closely followed by everyone in the maritime industry,

Cosco: No to Shark Fin

China's biggest shipping and logistics company Cosco has pledged a total ban on transporting shark's fins,  says SCMP. It called the move a "body blow" to the international shark's fin trade.

Seaborne Transportation - Economy Without Borders

With seaborne transportation accounting for the vast majority of the world’s international trade, the importance of the shipping industry to the mechanics of the

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.1572 sec (6 req/sec)