St. Lawrence Seaway Opens 2014 Season

MarineLink.com
Friday, March 28, 2014
The Algoma Equinox at Lock 3 of the Welland Canal at the Opening Ceremony of the St. Lawrence Seaway's 56th navigation season. (Photo: Kevin Richard Hotte)

$500 Million Being Invested in Vital North American Trade Route

The St. Lawrence Seaway Management Corporation (SLSMC) marked the opening of the Seaway’s 56th navigation season today, with the transit of Algoma Central Corporation’s newly built ship, the Algoma Equinox, through Lock 3 of the Welland Canal. The vessel is the first of eight Equinox-class ships that are being purpose-built for trade in the St. Lawrence Seaway.

“Algoma Central Corporation’s fleet renewal is a leading example of the unprecedented level of investment that is happening throughout our navigation system,” said Terence Bowles, President and CEO of the SLSMC. “The Seaway alone is spending almost $500 million on modernizing its infrastructure – the biggest transformation in five decades.”

“The Algoma Equinox carries more cargo, sails faster, consumes significantly less fuel and is the first Great Lakes vessel to be equipped with a scrubbing system that virtually eliminates sulphur oxide from its emissions. These advancements will benefit communities throughout the region and also ensure that our customers – North American industries and farmers – remain competitive on the global stage,” said Algoma Central Corporation’s President and CEO Greg Wight.

In concert with various domestic and ocean carriers investing $1 billion in new vessels, the SLSMC is investing $395 million between 2014 and 2018 to revitalize its locks and structures. Likewise, the U.S. Saint Lawrence Seaway Development Corporation is mounting a $92 million effort over a comparable timeframe.

Saint Lawrence Seaway Development Corporation Administrator Betty Sutton said, “The significant investments in Seaway infrastructure are positioning the Great Lakes St. Lawrence Seaway System for future growth. Our asset renewal program will do more than just rebuild the lock infrastructure; the introduction of new technologies will make the waterway even safer, more efficient, and more reliable. These investments signal a long term public commitment to shipping on the Great Lakes / Seaway System.”

In addition to its asset renewal program, the SLSMC is also moving ahead with the installation of Hands Free Mooring at all of its high lift locks. This investment over the next five years will enable vessels to be secured in a lock by means of vacuum pads, instead of by the traditional wire or rope mooring lines. Hands Free Mooring is a core element of the SLSMC’s modernization program, which promises to lower operating costs, increase safety, and provide greater ease of access into the Seaway for Seaway-sized vessels within the world’s merchant fleet.

In terms of the outlook for cargo volume on the St. Lawrence Seaway in 2014, the SLSMC’s Bowles noted that he continues to be upbeat. “Tonnage within the St. Lawrence Seaway is forecast to exceed a total of 38 million metric tons this year. The U.S. and European economies are improving, and this trend gives us reason to be optimistic,” said Bowles. “We also expect to play a significant role in exporting Canada’s bumper grain crop to overseas markets.”

More than 227,000 jobs and $35 billion in economic activity are supported by the movement of goods within the Great Lakes-Seaway System.

greatlakes-seaway.com

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

Bulk Carrier Trends

Star Bulk to Acquire 34 Drybulk Vessels

Star Bulk entered into a definitive agreement with Excel Maritime Carriers Ltd., and as a result, will acquire 34 drybulk vessels for an aggregate of 29.917 million

Russian Food Import Ban: Trucks Lose, Shipping Wins

Team Niinivirta, a Finnish family-run transportation firm, turned 60 this year, but its third-generation managers now don't know if the business will see Christmas,

OceanSaver Reports Surge in BWT Orders

OceanSaver said it has received a rush of ballast water treatment (BWT) system orders for large vessels. The Norwegian firm, a BWT specialist developing solutions since 2003,

Ports

Port of Long Beach to the Rescue of Birds

The Port of Long Beach announced Tuesday that it is expanding its partnership with International Bird Rescue, a global expert in oiled wildlife emergencies and aquatic bird care,

Evergreen Line's Ital Lunare to Make Maiden Call in Boston

As part of the new service linking North Asia and the U. S. East Coast (NUE2), Evergreen Line's containership Ital Lunare will make the first ever direct call into

Search Suspended for Man Overboard near Cedar Bayou

The U.S. Coast Guard suspended its search Tuesday for a man who went missing after his shrimp boat overturned Monday near Cedar Bayou on the Houston Ship Channel.

Navigation

FARO 3D Documentation Conference

The FARO 3D Documentation Conference, to be held October 13-15, 2014, was created as a forum for sharing knowledge, best practices and insight into the world of laser scanning and 3D documentation.

Northrop Grumman Enhances VMFT Software

Northrop Grumman Corporation announced that its latest VisionMaster FT (VMFT) software now includes ADMIRALTY Information Overlay (AIO) as an integral element of

Oil Spills into Ohio River from Coal Plant

The U.S. Coast Guard closed a 15-mile stretch of the Ohio River on Tuesday after at least five thousand gallons of fuel oil spilled from a 60-year-old power plant owned by Duke Energy near Cincinnati,

News

Shipping Industry Issues Ebola Virus Red Alert

Three global shipping organisations have issued guidance to their members on the risks posed to ships’ crews calling in countries affected by the Ebola virus, and

Port of Long Beach to the Rescue of Birds

The Port of Long Beach announced Tuesday that it is expanding its partnership with International Bird Rescue, a global expert in oiled wildlife emergencies and aquatic bird care,

Mærsk Putting Valuable Experience to Good Use

The Mærsk Deliverer rig team has initiated seven local acceleration programmes in Angola. The goal is to train and develop local talent to take on increasingly

Logistics

HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY.

Asia–U.S. Container Lines to Introduce Freight Increase

The Transpacific Stabilization Agreement (TSA) informs that member container shipping lines are proposing an across-the board general rate increase (GRI) of at

CEVA Expands Presence in Los Angeles Market

CEVA Logistics, one of the world’s leading supply chain management companies, today announced the expansion of its Los Angeles (LAX)/Torrance freight management operation.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair 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: 0.4177 sec (2 req/sec)