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 November 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

U.S. Drillers Cut Rigs to Lowest since August

Energy companies have reduced the number of rigs drilling for oil in the United States to the lowest since August, shifting more rigs in favor of natural gas as crude prices dive,

Equinox Class Scrubber Systems Receive Certification

Algoma Central Corporation (“Algoma”), the largest Canadian shipowner and operator of domestic Great Lakes vessels announces that it has received all requisite

MARAD Tests Alternative Power for Ships

The Maritime Administration (MARAD) is testing state-of-the-art, environmentally efficient technology onboard the Training Ship (TS) Kennedy.   The National Defense

Contracts

Wärtsilä, Diesel United Renew Pact

Wärtsilä and Diesel United Ltd in Japan have signed a ten-year renewal of their co-operation agreement for the sale, manufacturing and servicing of Wärtsilä low-speed marine engines.

Delta "T" Hooks for Offshore Customer

Gaining further ground into the offshore crane market, Delta "T" Systems supplied Cranston Eagle hooks to crane manufacturer Appleton Marine, Inc.   These cranes

China to Import 335 MT of Naphtha, Wants More

China is set to import more than 335,000 tonnes of naphtha and diesel, rare moves for the world's no. 2 oil consumer given it has been self-sufficient at meeting domestic oil product demand,

Finance

Italy Ending Med Sea Rescues

Rights groups warn of risk of more deaths; EU mission Triton will have more limited scope. Italy said on Friday it would close a sea rescue mission that has saved the lives of more than 100,

St. Lawrence Seaway Workers Extend Strike Deadline

The union that represents workers on the St. Lawrence Seaway, the waterway that links the Great Lakes and the Atlantic Ocean, has extended a strike deadline to Monday at 5 p.

Mitsubishi Exits Cruise Business; Books $357m Loss

Mitsubishi Heavy Industries, Ltd. (MHI) announced its decision to book an extraordinary loss from its cruise ship business in the company's consolidated financial

Ferries

U.S. Drillers Cut Rigs to Lowest since August

Energy companies have reduced the number of rigs drilling for oil in the United States to the lowest since August, shifting more rigs in favor of natural gas as crude prices dive,

Easing US Oil Export Ban Unlikey to Raise Gasoline Prices

A government study on Thursday essentially supported the notion that easing the decades-old restriction on exporting U.S. crude was more likely to lower than raise

Aquarius MAS with Marine Solar Power Installed on Delos

Eco Marine Power together with strategic partners has installed an Aquarius Management & Automation System (MAS) integrated with a marine solar panel array on-board the Blue Star 'Delos'.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.3424 sec (3 req/sec)