Canadian Royalties Inc News

Rolls-Royce won a contract to supply a high-strength controllable pitch propeller for a new ice-breaking cargo ship which will transport nickel and copper concentrates from Canada, through the Arctic ice, to customers in Europe. Canada’s Fednav Limited, one of the world’s largest operators of high ice-class vessels, has agreed a long term transportation contract with Canadian Royalties Inc. for the shipping of concentrates from the Nunavik Nickel mine in northern Quebec. The new ship…

Fednav Ltd. orders ice-breaking bulk carrier from Sumitomo Corporation & Universal Shipbuilding Corporation, Japan. The new vessel has been ordered in order for Fednav to fulfil a long-term contract which provides for the transportation of nickel and copper concentrates from Canadian Royalties' Nunavik Nickel Project in northern Quebec to customers in Europe as well as the import from Europe of mine supplies and equipment. The Polar Class 4, 25,000 dot vessel,will be built at Universal's Tsu shipyard, and will be classed by Det Norske Veritas. The scheduled delivery date is December 2013.