CFO Welcomes EU Trade Agreement for Fleet Newbuildings

MarineLink.com
Tuesday, October 22, 2013

The Canadian Ferry Operators Association (CFOA) voiced its support for the agreement in principle on a comprehensive trade agreement between Canada and the European Union.  Under the Comprehensive Economic and Trade Agreement (CETA), the current Canadian tariff of 25% on ferries shorter than 129 metres will be eliminated over a period of 7 years.

"We applaud the Harper government’s efforts in establishing a free trade agreement with the European Union,"” said Serge Buy, CEO of CFOA.  “"Our sector is investing $2.3 billion in fleet renewal over the next five years, and the elimination of this tariff will support our ferry operators as they continue to provide vital economic connections for Canadians across the country.”"

Ferries form an essential part of Canada’s transportation infrastructure and ferry operators make key contributions in driving Canada’s economy.  Last year, 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

About CFOA
 The Canadian Ferry Operators Association is the national voice of ferries in Canada whose members, they hold, operate with the highest professional and operational standards and promote the safe operation of ferry services in Canada.
 

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

People & Company News

NAVCENT Commander Recognizes Journey of Hope Sailors

Commander, U.S. Naval Forces Central Command, U.S. 5th Fleet, Combined Maritime Forces, Vice Adm. John. W. Miller, recognized the accomplishments of three special-needs sailors from the Kuwaiti ship,

NYK Holds 8th Environmental Management Conference

NYK welcomed about 60 environmental supervisors from 47 NYK Group companies to the group’s annual Environmental Management Conference in Tokyo. NYK holds this

W&O, LESER Partner to Deliver Safety Relief Valves

W&O, a global supplier to the marine and upstream oil and gas markets for pipe, valves and fittings, valve automation and engineered solutions, has partnered with

Contracts

Diana Extends Containership Time Charters

Diana Containerships Inc. announced direct continuation of time charter agreements for m/v Cap Domingo and m/v Cap Doukato   Diana Containerships Inc., a global

BMT Supports Samalaju Port Development

BMT subsidiaries in the Asia-Pacific region have been awarded a contract to provide design expertise for an advanced bulk-material handling system for the emerging port of Samalaju in East Malaysia.

EU: Ships Will Measure CO2 Emissions

Shippers to begin monitoring from 2018; Environmental groups say law is weak, shippers favorable. The shipping sector will for the first time have to monitor

Finance

New Company Takes Over OW Tanker

OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday.

WRRDA: Clearing the Channel for P3 Projects

A Creative Combination for Financing Inland Waterways Infrastructure Earlier this year, the U.S. maritime industry in general, and the inland waterways industry in particular,

Choosing the Best Financing Proposal

It isn’t always about the rate. In a robust boatbuilding market – like the one we see now – even the most successful, financially stable operators need to borrow.

Ferries

Getting Real on LNG Fuel

Plentiful supply, low prices and strict regulations on air pollution are fuelling a swift move towards using LNG as fuel for ship propulsion in the USA and Canada.

BMT-Designed Flex Ferries Delivered in Singapore

A trio of 38-metre Flex Ferries, built by Singapore’s Penguin Shipyard International and designed by Southampton-based BMT Nigel Gee, have been delivered to their new owner,

Interferry Welcomes IMO Decision on LNG Fuel Tank Placement

Interferry has welcomed a decision at last week’s IMO Maritime Safety Committee meeting (MSC94) setting out rules for the location of fuel tanks on LNG-powered ships,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Salvage Ship Electronics Ship Repair Ship Simulators
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: 0.1834 sec (5 req/sec)