Port Cartier News

The St. Lawrence Seaway is made up of a broad network of interconnected infrastructures. Channels, canals, port facilities and fleets illustrate the connections between transportation equipment, industrial production and the artificial, human-made environment.This valuable infrastructure represents significant capital investments that have already been amortized. The maintenance, modernization and adaptation of the sea-river network make it possible to meet the demands for capacity, fluidity and reliability imposed by the transport industry.From their position as supply chain nodes, the St.

Algoma Central Corporation, a leading provider of marine transportation services, announced that the first Equinox Class self-unloader, the seaway-max size Algoma Niagara, arrived at the Canadian port of Sept Iles, Quebec on November 1st. The Algoma Niagara is the fifth Equinox Class vessel in Canada and she joins her four gearless sister ships in the Algoma fleet. The vessel is currently undergoing inspections and re-flagging as a Canadian vessel before beginning commercial operations. “We are very pleased to see the Algoma Niagara in her home waters” said Gregg Ruhl, Chief Operating Officer of Algoma. “The performance of the Equinox Class has met all our objectives for efficiency and reliability”, Mr. Ruhl continued.

Algoma Central Corporation announces the arrival in Canada and the christening of its second Equinox Class bulk cargo vessel, the 'Algoma Harvester'. The christening took place at Pier 26 South in Hamilton Harbour before an audience that included local dignitaries and members of the marine industry. Mrs. Kathy Baske, wife of Jim Baske, the President and CEO of ArcelorMittal Dofasco imparted the traditional blessing. As is customary for these ceremonies, a bottle of champagne was broken against the bow of the ship, a banner revealing the ship's name was unveiled, and Father David Mulholland of the Mission to Seafarers offered prayers and other words of inspiration to the Canadian crew of the ship. Alogma explains that the  Equinox-Class represents the next generation of Great Lakes - St.

Freight rates in the Atlantic Panamax market remained under pressure and were expected to move even lower in the near term, brokers said on Monday. While Atlantic rates continued to slide, Pacific business was holding up for the time being but was expected to tail off in due course, brokers said. Fresh cargoes had emerged in the Pacific for Panamaxes, but Japanese and Chinese owners had also started to place their tonnage on the open market. Since the owners in question usually confined their ships to private business, the emergence of their vessels for open charter did not bode well for the Pacific Panamax market. The Baltic Panamax Index (BPI) lost just nine points on Monday to 1,198, but brokers believed Panamax rates had further to fall.

Panamax vessels continued to attract higher rates last week, which was reflected in gains by the Baltic Freight Index (BFI) and the Baltic Panamax Index. The BFI jumped 19 points to 1,143, while the Baltic Panamax Index rose 25 points to 1,105. Quieter conditions for caper and handies were responsible for a modest two point rise in the Baltic Capesize Index to 1,377 and a four point increase on the Baltic Handy Index to 871, brokers said. Fresh grain business was confined to just one fixture from Cargill, who took the 1980 built Elikon to ship 25,000 tons wheat Hamburg/Algeria September 20/25 at $15.25. Panamaxes involved in period business were said to be making consistent gains…