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Halifax container cargo rising

2016-02-02

Greg Wight, President and CEO of Algoma Central Corporation since 2008  recently announced to employees his plan to retire from the Corporation during the 1st quarter of  2015.
Mr. Wight joined the Marine Division of Algoma Central Railway in January 1980 as the Division's Controller. At that time, Algoma's Marine Division owned and operated 12 Great Lakes vessels and had revenues of $66 million.
Today, as CEO, Greg heads an organization that owns and operates 33 Great Lakes vessels and has interests in ocean shipping and real estate. In 2013 the Corporation reported revenues of $500 million.
Mr. Wight  rose steadily in the Company, holding a variety of financial roles, eventually moving to St. Catharines in 1996 following the sale of the Algoma Central Railway and the consolidation of the Company's marine operations in the city.
In addition to his responsibilities at Algoma and a number of positions with industry related organizations
"Come January, I will have been with Algoma for 35 years," Mr. Wight said "and I could not have asked for a better Company or group of people to work with. Algoma has risen to be the largest owner and operator of Canadian flag vessels on the Great Lakes - St. Lawrence Waterway. The Company prides itself on its contribution to the Canadian economy and on the role it plays in the communities in which employees live and work."
Mr. Wight continued, "Algoma is a very strong company that has been recognized as one of Canada's Best Managed Companies in both 2012 and 2013."
"Greg deserves tremendous praise for his contributions to the company", said Duncan Jackman, Chairman of the Board of Directors of Algoma.  "His leadership and focus have been so important to the success of Algoma, particularly during a period of such economic uncertainty.  Greg's accomplishments extend to the fleet renewal program he championed, which leaves Algoma well positioned for future success."
The Board of Algoma has engaged an executive search firm to assist them in the process of selecting Mr. Wight's successor and will consider both internal and external candidates for the role.
(Photo ACC)Greg Wight soon retiring from Algoma

The upward trend in container activity which began in April at the Port of Halifax continued into the fourth quarter, resulting in a 4.6% increase in container cargo in 2015. Statistics released  for the full year showed container volume at 418,359 TEUs.

Container throughput in the fourth quarter climbed by 22.3% over a year earlier, with 113,067 container units handled.

Port-wide cargo through HPA and non-HPA facilities declined moderately to 7.6 million tonnes. (Photo Steve Farmer)

 
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Seaway posts 9.5% cargo decline in 2015

2016-01-28

The St. Lawrence Seaway handled 36 million tonnes of cargo during a commercial navigation season that ended on December 31 amidst mild winter conditions, with grain at volumes well above the five year average leading the way. A 40% drop in coal activity to 2.5 million tonnes, however, was a major factor bringing the overall total down by 9.5% from the 2014 level of nearly 40 million tonnes.

Grain volumes amounted to 10.8 million tonnes versus 12 million tonnes in 2014. Nevertheless, the Port of Thunder Bay reported its second best season in 15 years, with more than 2.3 million tonnes of grain shipped on lakers and salties since the beginning of November.

In other categories, iron ore recorded a moderate increase while dry bulk held its own and liquid bulk and general cargo posted declines on the North American waterway.  (Photo TBPA)

 
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Prince Rupert shatters
container record

2016-01-26

Greg Wight, President and CEO of Algoma Central Corporation since 2008  recently announced to employees his plan to retire from the Corporation during the 1st quarter of  2015.
Mr. Wight joined the Marine Division of Algoma Central Railway in January 1980 as the Division's Controller. At that time, Algoma's Marine Division owned and operated 12 Great Lakes vessels and had revenues of $66 million.
Today, as CEO, Greg heads an organization that owns and operates 33 Great Lakes vessels and has interests in ocean shipping and real estate. In 2013 the Corporation reported revenues of $500 million.
Mr. Wight  rose steadily in the Company, holding a variety of financial roles, eventually moving to St. Catharines in 1996 following the sale of the Algoma Central Railway and the consolidation of the Company's marine operations in the city.
In addition to his responsibilities at Algoma and a number of positions with industry related organizations
"Come January, I will have been with Algoma for 35 years," Mr. Wight said "and I could not have asked for a better Company or group of people to work with. Algoma has risen to be the largest owner and operator of Canadian flag vessels on the Great Lakes - St. Lawrence Waterway. The Company prides itself on its contribution to the Canadian economy and on the role it plays in the communities in which employees live and work."
Mr. Wight continued, "Algoma is a very strong company that has been recognized as one of Canada's Best Managed Companies in both 2012 and 2013."
"Greg deserves tremendous praise for his contributions to the company", said Duncan Jackman, Chairman of the Board of Directors of Algoma.  "His leadership and focus have been so important to the success of Algoma, particularly during a period of such economic uncertainty.  Greg's accomplishments extend to the fleet renewal program he championed, which leaves Algoma well positioned for future success."
The Board of Algoma has engaged an executive search firm to assist them in the process of selecting Mr. Wight's successor and will consider both internal and external candidates for the role.
(Photo ACC)Greg Wight soon retiring from Algoma

A 26% surge in container volumes and the continued success of grain and wood pellet terminals at the Port of Prince Rupert helped stabilize overall 2015 results in the wake of declining coal volumes and plunging international commodity markets.

While total traffic dipped by 5% to 19.6 million tonnes, container cargo handled at Fairview Container Terminal increased to an all-time high of 776,412 TEUs (7.8 million tonnes), solidifying its status as one of North America's fastest-growing intermodal terminals.

"The 2015 cargo volumes achieved by our dedicated port workforce demonstrate the importance of cargo diversification, given the dramatic change in market conditions for Canadian trade," said Don Krusel, President and CEO of the Port of Prince Rupert. "While down marginally from last year's total volume, 2015 was historically the fourth best year on record, and signifies the port's ability to weather commodity cycles and capitalize on opportunities for expansion and new development."

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