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

Ports

Cove Point LNG Export Facility Gets US FERC Approval

U.S. federal regulators on Monday approved construction of Dominion Resources Inc's liquefied natural gas export project in Cove Point, Maryland. Cove Point is the fourth U.

DMR Examines Container Terminal Congestion Issues

Container port congestion has been hitting the headlines recently, but the reasons for it vary widely and in many cases it is only a short term issue. Certain world

Fire at Milazzo Refinery Impacts Docks

Inchcape Shipping Services  is advising of extensive disruption after a fire broke out Friday afternoon (27 September) at Italy’s energy giant Eni and Kuwait Petroleum’s

Navigation

Almarin Buoys for GNL del Plata in Uruguay

Almarin has supplied fourteen buoys to OAS constructor for the maritime beaconing of the works of GNL del Plata project in Uruguay. Almarin Spanish AtoN supplier

IRPT, Community College MoA on Maritime Training

The Inland Rivers, Ports and Terminals (IRPT) Trade Association announced today that it has entered into a memorandum of understanding with Lewis & Clark Community

NAVTOR, AWT Pact Heralds in e-Nav Integration

E-navigation pioneer NAVTOR has signed an agreement with maritime weather routing specialist Applied Weather Technology (AWT) that will see the two companies integrating

News

Kounalakis Joins OW Bunker N. America

OW Bunker, a reseller and physical supplier of marine fuels, announced the appointment of Georgia Kounalakis to its physical supply operation in North America.

Louisiana to Get Natural Gas Liquefaction and Fueling Facility

Tenaska Bayou LNG expected to meet growing marine, transportation and oil and gas exploration and production demand on the Gulf Coast Tenaska NG Fuels, LLC and Waller Marine, Inc.

New Simulation Tool for Collision Reconstruction

BMT ARGOSS and BMT Surveys, subsidiaries of BMT Group Ltd, the international design, engineering and risk management consultancy, announced an innovative new service

Logistics

MOL Restructures Asia to S. Africa Service

Mitsui O.S.K. Lines, Ltd. (MOL) announced the restructuring of its existing Asia to South Africa liner services into two direct loops. One service will call South China,

DMR Examines Container Terminal Congestion Issues

Container port congestion has been hitting the headlines recently, but the reasons for it vary widely and in many cases it is only a short term issue. Certain world

Signet Transports Second LLOG Rig to GofM

On September 14, five Signet Maritime ASD/Z-Drive tugboats, the SIGNET ENTERPRISE, SIGNET RELIANCE, SIGNET MAGIC, SIGNET WEATHERLY, and SIGNET VOLUNTEER successfully

Great Lakes

Great Lakes Restoration Plan Announced

U.S. Environmental Protection Agency (EPA) informs that Administrator Gina McCarthy has released a new Great Lakes Restoration Initiative (GLRI) Action Plan that

Intermodal Short Sea Barge Operation Completed

The Great Lakes Towing Company completed an Intermodal Short Sea barge move utilizing the Port of Cleveland’s Rail Loop and the Port’s switching line, Cleveland Harbor Belt Railroad.

The Great Lakes Ballast Water Challenge Explained

Skuld P&I Club in a members advisory explores the regulatory framework and practical issues that exist in both Canada and the USA with input from BLG of Montreal and Chalos & Co of New York.

 
 
Maritime Contracts Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators 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: 0.3540 sec (3 req/sec)