DISCOVER HIGHWAY H2O Vessel Transiting Lock 2 – Photo by David Devine submitted by St. Lawrence Seaway Management Corporation Seaway employees tying up a ship. – Picture by Ron Samson submitted by St. Lawrence Seaway Management Corporation The Great Lakes St. Lawrence Seaway “…the Great Lakes St. Lawrence Seaway System is indeed looking bright as companies make investments that will yield dividends for decades to come.” T he Great Lakes St. Lawrence Seaway, commonly referred to as Hwy H2O, is a 3,700 km deep draft marine highway connecting the Atlantic Ocean to the Great Lakes. Granting access to North America’s agricultural and industrial heartland, Hwy H2O is the world’s longest inland waterway and has served as a key means of transportation for thousands of years. Every year, more than 160 million metric tons of cargo is moved on the Great Lakes St. Lawrence Seaway System. These cargoes include iron ore for steel production, coal for power generation, limestone and cement for construction and grain for both domestic consumption and export. Marine transportation on Hwy H2O provides a cost effective, safe and environmentally smart means of moving cargo. A 2010 study by Martin Associates examining the economic impacts of the Great Lakes St. Lawrence Seaway System concludes that some 226,833 jobs in the Canada and the U.S. are supported by cargo moving on the System. Of those jobs, 48,288 direct jobs and 28,320 indirect jobs are in Canada. The report also indicates that maritime activity supports 14.5 billion Canadian dollars in personal income and expenditures FEBRUARY 2012 www.BusinessLinkNewspaper.com in Canada and the U.S. The average annual salary for direct job holders in Canada and the U.S. as a result of maritime activity is 48,400 Canadian dollars. Terence Bowles, President and CEO of the St. Lawrence Seaway Management Corporation, said: “The Hwy H2O is the world’s longest inland waterway and has served as a key means of transportation for thousands of years. economic benefits of Great Lakes-Seaway shipping are far-reaching. Not only is marine shipping creating jobs in Canadian communities, but marine-related industries and employees are contributing significantly to the general prosperity of Canadian society by providing $4.6 billion in personal income. In addition, North American farmers, steel producers, construction firms, food manufacturers and power generators depend on the 164 million metric tons of iron ore, coal, stone, salt, sugar, grain, steel, wind turbines and machinery that are delivered by ships every year to keep their businesses running.” The Great Lakes St. Lawrence Seaway System continues to evolve and renew. Hands Free Mooring, a novel means of securing vessels using vacuum pads during a lock transit, will increase the number of vessels able to transit the System by reducing the need for “Seaway fittings.” With over $1 billion in new vessels on order by inland fleets, the future of the Great Lakes St. Lawrence Seaway System is indeed looking bright as companies make investments that will yield dividends for decades to come. For more information on the Great Lakes St. Lawrence Seaway System, including access to the full study entitled “The Economic Impacts of the Great Lakes – St. Lawrence Seaway System” please visit www.greatlakes-seaway.com. THE BUSINESS LINK NIAGARA NIAGARA’S BUSINESS NEWSPAPER 27 DISCOVER HIGHWAY H2O 28 THE BUSINESS LINK NIAGARA NIAGARA’S BUSINESS NEWSPAPER www.BusinessLinkNewspaper.com FEBRUARY 2012 DISCOVER HIGHWAY H2O Algoma Central Corporation Leading shipping company launches a new era in environmental efficiency by adding Equinox Class vessels to their fleet. Algoma Central Corporation’s new highly efficient and environmentally responsible “Equinox Class” vessel. By Scott Leslie The Business Link W ater has always been the most environmentally friendly way for companies to ship cargo. Starting in 2013, Algoma Central Corporation, Canada’s largest domestic flag shipping company and the most frequent user of the Port of Hamilton is looking to take their commitment to the environment to an even higher level. Algoma Central Corporation plans to introduce a new series of eight highlyefficient and environmentally responsible vessels to their dry bulk fleet. Developed by the Algoma Central Corporation, together with a global team of leading designers, engineers and manufacturers, the new “Equinox Class” vessels will include self-unloaders and gearless bulk carriers and will be 45% more fuel efficient than existing bulk carriers per tonne kilometre of cargo carried. Algoma will own six of the Equinox Class vessels and its partner, the Canadian Wheat Board will own two. Algoma’s investment in these ships is approximately $300-million. The Equinox vessels have several state-of-the-art features including marine engine exhaust scrubbers and Advanced Tier II compliant engines. The ships’ smoother surfaces including their optimized high displacement hull forms will help minimize resistance and reduce FEBRUARY 2012 www.BusinessLinkNewspaper.com power consumption. The new technological improvements are also created to lower manning requirements and reduce long-term maintenance and repairs. According to Greg Wight, president and CEO of the Algoma Central Corporation, the Equinox vessels reflect their company’s strong dedication to the environment. “When we designed these vessels, we looked at how performance and our environmental footprint could be improved,” he explains. “Sustainability is one of the key tenants of our corporate strategy. It is factored into all business decisions including our investment decisions.” Greg says the Equinox fleet will also give them the opportunity to improve safety performance. “The safety enhancements in the Equinox Class vessels are significant,” he explains. “We re-designed the bridge layout and will install low-light and thermal imagining cameras for improved visibility. A fully enclosed free fall life boat system will allow for safer evacuation, and the cargo holds are designed to minimize hang-ups and facilitate cleanup.” The Algoma Central Corporation’s domestic fleet includes twenty-eight dry bulk cargo carriers and seven petroleum product tankers. In 2011, the company travelled 620 times through the Welland Canal and/or the Montreal – Lake Ontario sections of the St. Lawrence Seaway, and carried approximately 15.8-million tonnes of cargo. THE BUSINESS LINK NIAGARA NIAGARA’S BUSINESS NEWSPAPER 29
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