Banner
Banner
Banner
Banner
E-mail


Petro-Nav and Servitank partner with Stolt LNGaz in big Bécancour project

2015-08-26

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

The Québec government has given the green light for constructing a $800 million liquid natural gas liquefaction plant in Bécancour on the St. Lawrence River scheduled for completion in 2018. Also announced on August 24 was the signing of major partnership agreements with Petro-Nav, a subsidiary of Groupe Desgagnés specializing in the maritime transport of bulk liquids, and Servitank, a subsidiary of Groupe Somavrac, the Québec leader in the warehousing and delivery of bulk products and hazardous materials.

Martin Fournier, Executive Director of the St. Lawrence Shipoperators, hailed an "exciting partnership that will benefit many Québec companies and demonstrates Québec's shortsea shipping dynamism."

The project, which has received environmental approvals, aims to produce 500,000 tons of LNG annually at Bécancour and to distribute the LNG, primarily with LNG tankers, to Québec businesses not served by the existing natural gas grid.

"With the Bécancour project, Québec will become the global model for the production and distribution of LNG on a regional scale," said Rodney Semotiuk, Chief Executive Officer of Stolt LNGaz. Mr. Semotiuk acknowledged the support that the Québec government, the Bécancour community and the Waban-Aki community have extended to the project.

Read more...
 
E-mail


CSL's Baie St. Paul begins operations on Montreal's new Champlain Bridge

Les opérations du Baie St. Paul démarrent sur le nouveau pont Champlain

2015-08-17

 

On August 11, Canada Steamship Line's self-unloader Baie St. Paul  unloaded the first of 269,000 tonnes of stone that will play a key role in the construction of Montreal's new Champlain Bridge.

The operation involves a total of 10 loads of stone and requires Baie St. Paul to unload the cargo at the building site from a temporary berth in a narrow stretch of the St. Lawrence Seaway, leaving passing ships to navigate between her and the opposing dyke. The delicate procedure calls on the skill of Baie St. Paul's crew and maximizes the benefits of the dynamic positioning system and bow and stern thrusters that are standard on CSL's Trillium Class vessels.

CSL's contribution to the project will bring significant environmental benefits by reducing road congestion around the construction site.

Read more...
 
E-mail


Salt grabs limelight on St. Lawrence Seaway

2015-08-14

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

While overall cargo tonnage on the St. Lawrence Seaway was down in mid-summer, road salt was in high demand throughout the Great Lakes-Seaway region.

In the period from early April through end-July, total volume had declined 7% to 14.5 million tonnes from a year-earlier. Coal shipments were down 38%. Iron ore was down 8% and total grain was down nearly 10% at 3.85 million tonnes, although U.S. grain shipments climbed by 63%. General cargo was down 7.7%. Liquid bulk was just down slightly.

Salt shipments to end July were up 3% at 1.4 million tonnes, with notably the ports of Windsor and Johnstown showing strong activity in this sector.

"We anticipate road salt to remain a hot commodity on the St. Lawrence Seaway as we head into autumn," said Bruce Hodgson, Director of Market Development for the St. Lawrence Seaway Management Corporation. "The more buoyant U.S. economy is also creating demand for other products such as construction materials and steel-making materials. However, weaker global conditions and demand for some of the Seaway's key cargoes - iron ore and coal - are reflected in our overall numbers."  (photo Paul Beesley)  endit

Read more...
 
Banner
Banner
Banner
Banner