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4 • Canadian Sailings • August 6, 2012

CONTENTS

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42 Index of AdvertisersIBC Upcoming Events

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CN AND CP REPORT EARNINGS

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6 A fabulous year, with lots more good news to come!

8 Proud of its past, looking forward to its future

12 Port focused on sustainable development

14 For Port of Sept-Îles, it’s almost all about iron ore

17 Alouette making a valuable contribution to the economy and the community

19 Sept-Îles aims to increase its share of the cruise market

Special feature

20 DHL Canada puts global logistics expertise to work for Free The Children and Me to We

36 Seaspan selects IFS Applications to support $8 billion in shipbuilding work

37 Roll-on/roll-off terminal at Port of Belledune named after Raymond Doucett

38 Lake Carriers’ members June tonnages take a breather

38 June Seaway cargo shipments virtually unchanged from 2011

39 CN and CP report earnings for the three months ended June 30

40 ILA and USMX announce progress in contract negotiations

41 Algoma places fifth in 2011 Marine Money Rankings

39




BY THEO VAN DE KLETERSTEEG

Port of Sept-Îles: A fabulous year, with lots more gCOULD IT GET ANY BETTER? YOU

BET, AND THAT’S WHAT PIERREGAGNON AND HIS TEAM ARE

PLANNING TO SHOW YOU IN FUTUREYEARS. AFTER A GREAT PERFORMANCEIN 2010 WHEN VOLUMES ROSE BY 26.4PER CENT, 2011 WITNESSED MODESTGROWTH OF 3.7 PER CENT TO 26.0 MILLION TONNES. WHILE THESE VOLUMESARE WELL BELOW LEVELS THAT PORTMANAGEMENT HAD FORECAST IN2009, THE INTERVENING TIME HASENABLED THE PORT TO BEEF UP ITSINFRASTRUCTURE IN PREPARATIONFOR HIGHER LEVELS OF ACTIVITY INTHE FUTURE. IN ADDITION, SOMEPROJECTS WHOSE IMPLEMENTATIONSCHEDULES WERE SOMEWHAT SPECULATIVE IN 2009, HAVE NOW FIRMED UP,AND ARE CLOSER TO REALITY.

In 2011, shipments of iron ore totalled22.9 million tonnes, representing 88 percent of total volumes shipped. For 2012,indications are that iron ore shipments willadd up to just under 30 million tonnes,leading Pierre Gagnon, Sept-Îles PortAuthority (SIPA) President and CEO, to fore-cast total tonnage of 32 million for 2012.Currently Canada’s sixth largest port bytonnage, an increase to 32 million tonneswould probably propel Port of Sept-Îles tosecond place after Vancouver. “It would bea noteworthy accomplishment, but in real-ity the iron ore market may very well pro-pel us to the number one position by2020”, Mr. Gagnon said.

Strategically, the Port Authoritysecured its position as a significant enablerof future growth by expansions of thePointe-Noire and La Relance terminals. ThePointe-Noire Terminal is used primarily byCliffs Natural Resources, which uses the ter-

minal to load iron ore pellets manufac-tured at its pelletizing plant at Pointe-Noirefrom iron ore mined at its mine site inWabush, Labrador (Wabush Mines). Inaddition, the terminal is used to ship ironore from Cliff’s Bloom Lake mine site. Fol-lowing completion of the Pointe-Noire ter-minal expansion, iron ore volumes shippedfrom that terminal increased by 44 per centto 9.1 million tonnes.

Five iron ore mining companies havesigned up with SIPA for the use of itsrecently announced Multi-User Terminal,to be located near its existing Pointe-NoireTerminal, to ship iron ore. At present, SIPAis in the initial stages of expanding Portcapacity by about 50 million tonnesthrough Phase I of a projected multi-phaseexpansion that will eventually see thecapacity of the Multi-User Terminalincrease by more than 100 million tonnes.Along with a vast increase in capacity of its

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John F. Kearney, Labrador Iron Mines Limited; Peter Penashue, Minister of Intergovernmental Affairs;Denis Lebel, Minister of Transport, Infrastructures and Communities and Minister of the EconomicDevelopment Agency of Canada for the regions of Québec; Carol Soucy, Port of Sept-Îles; Pierre D.Gagnon, Port of Sept-Îles; Rajesh Sharma, Tata Steel Minerals Canada Limited; Bernard Potvin, AlderonResource Corp.; Ernest Dempsey, New Millennium Iron Corp. and Jeff Hussey, Champion Minerals, atthe press conference announcing the government’s investment in the Multi-User Terminal.


August 6, 2012 • Canadian Sailings • 7

e good news to come!

Pointe-Noire facilities, the new Multi-UserTerminal will be able to accommodatelarge Cape Size vessels with a capacity ofup to 300,000 tonnes. The present $220million expansion project is expected to becompleted by the spring of 2014, and willbe 100 per cent owned by SIPA. Fifty percent of the capital cost of phase I of theexpansion ($110 million) will be paid for byfive end users as prepayments againstfuture wharfage fees, on a pro-rata basis to“reserved shipping capacity” (For example,Labrador Iron Mines has committed to pay$12.8 million to reserve an annual shippingcapacity of five million tonnes). Theremaining $110 million will be funded bythe federal government as a non-repayable grant of $55 million, and by thePort Authority. The Port Authority antici-

pates that close to 1,000 jobs will be creat-ed during the two-year constructionphase, in addition to 150-200 indirect jobsin support of various rail transport, storageand port handling activities. Partners in theproject are New Millennium Iron Corp. (15million tonnes), Labrador Iron Mines (5 mil-lion tonnes), Champion Minerals (10 mil-lion tonnes), Alderon Iron Ore Corp (8 mil-lion tonnes), and Tata Steel Minerals.

La Relance Terminal, not far from thePointe-Noire Terminal, is used primarily byAluminerie Alouette, the largest and mostefficient aluminum smelter on the Ameri-can continent, to receive alumina andother bulk materials to be transformed orused in its production process, and toexport its output of about 575,000 tonnesannually. Alouette is owned by five share-

holders, of which Rio Tinto Canada is thelargest (40 per cent). The companyannounced in 2011 that it had been grant-ed access to an additional resource of 500MegaWatts of electrical power, enabling itto embark on an expansion to increasecapacity from 575,000 tonnes to 900,000tonnes annually.

Financially, the Port Authority put inan impressive performance: revenuesamounted to $12.9 million, an increaseover 2010 of more than 40 per cent. Beforea one-time gain of $7.3 million, the PortAuthority’s comprehensive income for2011 was $4.5 million, compared to a com-prehensive profit of $2.0 million in 2010.Preparing for rapid expansion, the PortAuthority spent 22.6 million on capitalexpenditures in 2011 (net of grants of

Could it get any better? You bet, and that’s what Pierre Gagnon

and his team are planning to show you in future years.

La Relance Terminal is used primarily by Aluminerie Alouette.





$15.2 million), on the heels of capitalexpenditures of $39.7 million in 2010 (netof grants of $32.9 million).

In close cooperation with the City andcommunity groups, the Port also success-fully hosted the annual conference of theAssociation of Canadian Port Authorities inAugust of 2011, which was attended bymore than 200 delegates. Port manage-ment was justifiably proud of its success,and the cooperation of the community tomake all delegates feel welcome. More-over, in November the Port Authoritybecame the first in North America to get allof its partners – terminals and users – tosign on to the Green Marine environmentalstewardship program.

Notwithstanding its highly prospec-tive growth opportunities, in a businessenvironment that is practically tied to onlyone commodity, Port management willundoubtedly find it challenging to walkthe tightrope between risk and reward,managing for sustainability, as global eco-nomic conditions change and the demandfor steel, and therefore, for iron ore,changes. Transshipping in the Baie de Sept-Îles.



BY BRIAN DUNN

SEPTÎLES IS ONE OF THE OLDEST SETTLEMENTS IN CANADA, ORIGINALLY POPULATED BY THE MONTAGNAIS INNUPEOPLE. LOCATED ON THE NORTH SHORE OF THE GULF

OF SAINT LAWRENCE SOME 960 KILOMETRES NORTHEAST OFMONTREAL, IT IS ALSO ONE OF THE NORTHERNMOST TOWNSIN QUEBEC OF ANY SIGNIFICANT SIZE, WITH A POPULATION OFABOUT 32,000. THE FIRST EUROPEANS IN THE AREA WEREBASQUE FISHERMEN WHO CAME ANNUALLY FROM EUROPEFOR WHALING AND COD FISHING. FRENCH EXPLORERJACQUES CARTIER SET FOOT IN THE AREA IN 1535, AND

NAMED IT SEPTÎLES BECAUSE IT IS FRONTED BY A SEVENISLAND ARCHIPELAGO. EARLY EUROPEAN ECONOMIC ACTIVITY WAS BASED ON FISHING AND THE FUR TRADE. THE VILLAGEWAS INCORPORATED AS A CITY IN 1951.

Sept-Îles started to grow during the construction of the 575kilometres Quebec North Shore and Labrador Railway between1950 and 1954, linking it to the Northern town of Schefferville,Quebec. The railway was built by Iron Ore Company of Canada(IOC), presently majority-owned by Rio Tinto, to transport iron oremined near Schefferville to domestic and international clientsfrom Port of Sept-Îles, now sixth in Canada in terms of annual ton-nage. Schefferville grew from 2,000 inhabitants in 1951 to 14,000by 1961 and 31,000 in 1981. Partly as a result of weak internation-al prices for iron ore, the mine was no longer economically viableby the early eighties, and was closed. Schefferville eventuallybecame little more than a ghost town, and Sept Iles sufferedbadly from the reduction in mining activities.

The local community, the government of Quebec and Cana-da Ports worked together on a re-development plan, whichresulted in the construction of a new deep-water terminal (LaRelance) at Pointe Noire in an effort to attract new industry to thearea. These efforts produced positive results when AluminerieAlouette was created by international industrialists and Canadianinvestors, and badly needed new jobs accompanied the con-struction and operation of the new Aluminerie Alouette alu-minum processing plant (See separate story). Construction forPhase I began in September 1989 and operations started in 1992.Construction of Phase II began in 2003.

Sept-Îles was initially known for its port, because the firstsettlers were attracted by its huge circular bay whose entranceswere hidden by the islands which acted as a refuge in bad weath-er. In 1904, the first private dock was built by the Gulf Pulp andPaper Company at Pointe-Noire which served as the railway ter-minal linking it to its pulp and paper mill in Clarke City, 30 kilo-metres West of Sept-Îles. The first public dock, today called"Vieux Quai," was built in 1908, prompted by a lack of roadaccess. It was destroyed by a storm in 1914, rebuilt in 1916 andrestored and extended in 1932 and in 1982.

The first industrial dock was built in 1950 by IOC at the sametime the federal government had the Pointe-aux-Basques dockbuilt, which was the extension of an adjacent private dock. In theearly sixties, another dock, Mgr Blanche dock, was added to theport to handle general cargo. In 1961, Imperial Oil built a dock tounload petroleum products which the federal governmentacquired in 1977 and renamed it "Quai des Pétroliers."

Sept-Îles proud of its past and l



The first major docking installations in the Pointe-Noire sec-tor were built by Wabush Mines Company in 1962, acquired bythe Canada Ports Corporation in 1998 and now referred to as thePointe Noire Terminal. In 1982, Canada Ports built "La Relance"terminal, and in 1989, Aluminerie Alouette became its principaluser. In 1992 a railcar ferry terminal was built next to the LaRelance dock. Last year, the Port Authority announced plans forthe construction of a multi-user dock at a cost of $220 million, tobe completed over a period of 18 to 24 months. Located atPointe-Noire, the dock will be built on the site of the old Gulf Pulpand Paper dock. Built on piles, the dock will be 450 metres longwith two berths.

Major Port users are IOC, Aluminerie Alouette and Cliffs Nat-ural Resources Inc. IOC and Cliffs both import limestone, cokebreeze, dolomite and bentonite and both export iron ore and ironpellets which represents 98 per cent of all shipments from Sept-Îles. Alouette imports petroleum coke, alumina, pitch resin, andexports aluminum ingots.

With a population of some 6,600, Port Cartier, located 63kilometres Southwest of Sept-Îles, serves Quebec Cartier MiningCo., another major producer of iron ore and now part of Luxem-bourg-based ArcelorMittal, the largest steel producer in theworld. The town was named after the company. Quebec Cartierwas founded in 1958 by United States Steel Co. The first open pit

mine was located in Lac-Jeanine, Quebec. The company built thetown of Gagnon in 1963 to accommodate workers and familiesnear the mine site. Eighteen years later, the company extended itsoperations seventy miles north to Fire Lake. In 1973, it startedoperating in Mont Wright, where it created the town of Fermont.At its Mont Wright plant, the company operates an open pit mineand a crusher/concentrator facility capable of producing 18 mil-lion tonnes of iron ore concentrates annually. Production isshipped via its privately-owned railway to Port Cartier for export.The company also operates a pellet plant at Port Cartier with anannual production capacity of some nine million tonnes. Fallingmetals markets forced Quebec Cartier to shut down its Fire Lakeand Lac Jeanine plants in the mid-eighties. The town of Gagnonwas closed and its population moved to Fermont and Port Carti-er. Nearly bankrupt in 2002 due to falling prices for iron ore andincreasing production costs, Quebec Cartier's financial situationhas since improved. And the future of Port Cartier also looksbright with last year’s announcement by Arcelor Mittal of aninvestment of over $2 billion to expand its Mont Wright miningoperations and increase production of iron ore concentrate from14 million tonnes to 24 million tonnes by the end of 2013. Sincethat announcement, ArcelorMittal has stated it is consideringincreasing capacity further, to 30 million tonnes, and doublingthe capacity of its pellet plant to 18.5 million tonnes.

d looking forward to its future

Mock-up of the new Multi-User Terminal.

SERVICE 24 HEURES PAR JOUR 24 HOUR SERVICE

MARINE LTÉE

VINCENT BOUCHARDPrésident

e-mail: [email protected]./Bus. : (418) 968-2505 Fax : (418) 968-2059

www.bbmarine.ca60 Retty, Sept-Îles, Qc G4R 3E1Licence RBQ : 1651-4846-74

CERTIFIÉE

Entrepreneur général en travaux maritimes

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BY BRIAN DUNN

Port of Sept-Îles focused on sustainable development

PORT OF SEPTÎLES HAS HAD A POLICY OF SUSTAINABLE DEVELOPMENT FOR ANUMBER OF YEARS, WITH THE OBJECTIVE OF ACHIEVING STEADY GROWTH,AVOIDING “BOOM AND BUST” CYCLES, AND POSITIONING IT AS “BEST IN CLASS”

AMONG ITS PEERS IN TERMS OF DEVELOPMENT WITHIN A “GREEN” ENVIRONMENT.

The Port’s vision consists of five elements:• Reduce its environmental impact

through optimal management of ener-gy, water and waste and the protectionof biodiversity;

• A vision of the future shared with itsemployees and the community at large,focused on quality of life;

• As much as practically possible, to focusPort growth activities based on princi-ples sustaining jobs and regional devel-opment;

• Respect for the work-life balance, per-sonal development and growth of itsemployees and the local population;

• Continuous achievement of the highestinternational standards in sustainabledevelopment.

As part of its vision, Sept-Îles wantsto become one of the largest bulk trans-portation ports in North America by 2020,while being recognized for its leadershipin sustainable development. This will par-tially be achieved by strengthening tieswith its customers, partners and the com-munity to ensure that the Port’s develop-ments will take place within the contextof plans by its partners and objectivesexpressed by the community. “When itcomes to sustainable development, Portof Sept-Îles is not a follower,” said PierreGagnon, President and CEO. “We are infact a recognized leader, as reflected innumerous ways since we gained our sta-tus as a Port Authority back in 1999.”

In terms of green initiatives, Sept-Îles Port Authority has carried out envi-ronmental audits every five years in col-laboration with its tenants since 1999.The audits include annual follow-ups thatidentify actions needed to ensure allusers and partners of the Port attain orsurpass current standards for environ-mental compliance. At least $1.8 millionhas been invested over the last 12 yearson projects directly related to environ-mental initiatives.

The investment has paid off as wit-nessed by several successful projects.More than 1,500 square metres of kelp

Front row, left to right: Serge Charest, Tessier Sept-Îles (GroupeDesgagnés); Odette Whittom, Porlier Express; Manon D’Auteuil, Port of Sept-Îles; Frédéric Maloney, Cliffs Natural Resources –Eastern Canada, Pointe-Noire division; and Captain Martin Bezeau,Ocean Group. Back row, left to right: Jean-François Grenier, the Cityof Sept-Îles; Steeve Valcourt, Aluminerie Alouette; Y. Denis Gagnon,Porlier Express; François Latendresse, Esso; Pascale Gauthier, IronOre Company of Canada; and Mathieu Fortin, Logistec Stevedoring.

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Pierre Gagnon, President and CEO, Sept-Îles Port Authority

When it comes to sustainable development, Port ofSept-Îles is not a follower, we are in fact a recognizedleader, as reflected in numerous ways since we gainedour status as a Port Authority back in 1999.”

forest, for example, has been created inthe Bay of Sept-Îles, while a cruise shipdock was built in a planned manner thatensured marine mammals in the baywould not be affected. And a rail trans-shipment centre was commissioned in2008, reducing greenhouse gas emissionsby more than 20,000 tonnes per year byreducing truck traffic on Route 138, theregion’s major highway.

In addition, Port of Sept-Îles becamethe first North American Port Authority tohave all of its (user and terminal) stake-

holders join the Green Marine’s environ-mental program. The program is a volun-tary initiative that brings together morethan 140 Canadian and American mem-bers, including ports, terminals, ship own-ers, shipyards and heavy users of portfacilities. Green Marine aims to reducegreenhouse gas emissions, manage wasteand control cargo involving all types ofpollutants, including noise, dust, odoursand even light.

These initiatives have been recog-nized through several major awards,

including Les Phénix de l'environnementin 2005 with the ITUM Band Council, themost prestigious award of its kind in Que-bec, the 2010 Freight TransportationAward from l’Association québecoise dutransport et des routes with CN Rail andthe 2010 St. Lawrence Award from the St.Lawrence Economic Development Council.

The port also gives back to its com-munity: last year, it donated nearly$140,000 to over 80 local organizations,primarily engaged in education, health,culture, sports and humanitarian causes.



For Port of Sept-Îles, it’s almost all about iron ore

FOR PORT OF SEPTÎLES, IRON OREIS THE ELEPHANT IN THE ROOM. IN2010, 22.3 MILLION TONNES OF

IRON ORE WERE SHIPPED THROUGHTHE PORT. OF THIS VOLUME, 20.0 MILLION TONNES WERE SHIPPED BY THEPORT’S TRADITIONAL IRON ORE CUSTOMERS IRON ORE COMPANY OFCANADA AND WABUSH MINES, WHILE2.4 MILLION TONNES WERE SHIPPED BYCONSOLIDATED THOMPSON IRON OREMINES AS INITIAL SHIPMENTS FROM ITSBILLION TONNE DEPOSIT AT BLOOMLAKE, QUEBEC. BY 2011, TOTAL IRONORE SHIPMENTS THROUGH THE PORTINCREASED MARGINALLY TO 22.9 MILLION TONNES: SHIPMENTS BY THEPORT’S TRADITIONAL CUSTOMERS FELLBY 2.5 MILLION TONNES, BUT WERE OFFSET BY INCREASING SHIPMENTS BYCONSOLIDATED THOMPSON.

Consolidated Thompson wasacquired in 2011 by Cliffs NaturalResources, which also owns 100 per cent

of Wabush Mines, one of the Port’s “tradi-tional” customers. In 2011, exports of ironore (as lump products, concentrates andpellets) represented 88 per cent of thePort’s tonnage volumes. Just over 50 percent of iron ore exports were destined forAsia (mostly China), while 20 per cent wasdestined for Europe, and 27 per cent forbuyers in North and South America. Ship-ments of iron ore for domestic consump-tion represented about 5 per cent of totaliron ore shipments.

Iron Ore Company of Canada (IOC),the largest Canadian producer of iron ore,operates a mine, concentrator and pelletiz-ing plant in Labrador City, Labrador, andprivate port facilities just East of the City ofSept-Îles. IOC also owns and operates a rail-way from the mine site to its port. This rail-way is a common carrier, which is used notonly by IOC, but also by Cliffs NaturalResources and others. IOC, which expectsto ship 18.2 million tonnes in 2012, has apresent capacity of 23.3 million tonnes,which is being expanded to 26 milliontonnes by 2013. The company is studying

the feasibility of expanding its output to 50million tonnes by 2016, and is consideringpathways for further expansions beyond50 million tonnes. IOC is owned by RioTinto (58.7 per cent), Mitsubishi Corpora-tion (26.2 per cent) and Labrador Iron OreRoyalty Corporation (15.1 per cent).

Cliffs Natural Resources owns 100 percent of the Wabush mine and concentratorin Wabush, Labrador, as well as a pelletplant at Pointe-Noire, across the Bay fromSept-Îles. The mine has a rated capacity of5.6 million tonnes. Cliffs also owns 75 percent of the Bloom Lake Mine in Fermont,Quebec, with a present rated capacity of8.0 million tonnes. Cliffs recentlyannounced that it intends to produce ahigher grade iron ore concentrate productat Bloom Lake.

Labrador Iron Mines (LIM) is the “newkid on the block”, having recently com-menced commercial production from amine site near Schefferville, Quebec,which was previously owned by IOC. LIMhas concluded transportation agree-ments with Tshiuetin Rail Transportation,

The Pointe-Noire Terminal services Cliffs Natural Resources.

BY THEO VAN DE KLETERSTEEG

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Quebec North Shore and Labrador Railway (owned by IOC) andWestern Labrador Rail Services to have iron ore shipped from themine site to the port. IOC represents LIM in contract negotiationswith foreign buyers, and will ship product on behalf of LIM fromits terminal. LIM expects to ship 2 million tonnes of ore in 2012,and intends to increase its capacity to 5 million tonnes as of 2015.

Adding up the volumes expected to be shipped by the threeproducing iron ore companies, 2012 shipments could total 29.4million tonnes, representing an increase of 28 per cent over 2011.

In addition to Cliffs, IOC and LIM, a number of other compa-nies have announced plans to mine iron ore in the 1,000 kilometre-long Labrador Trough straddling Quebec and Labrador, and exporttheir production through the port of Sept-Îles. Such companiesinclude Adriana Resources, Alderon Iron Ore Corp., Cap-Ex Ven-tures, Century Iron Mines, Champion Minerals, and New MilleniumIron Corp. If the projects announced by these companies and theexpansion plans announced by IOC were to come on stream asplanned, iron ore shipments through the Port of Sept Iles wouldexceed 200 million tonnes by 2018, a truly astonishing volume.

In addition to the above mining projects, Wuhan Iron andSteel Group of China (WISCO), a company that has direct andindirect interests in several of the above companies, is said to beconsidering construction of a $1 billion pellet plant at Pointe-Noire. It has also expressed interest in being a partner in the con-struction of a second railway from Schefferville to Sept-Îles. Fur-thermore, Russian steelmaker Severstal is reportedly studyingconstruction of a $1 billion iron ore briquette plant at Pointe-Noire. Last, but not least, Mine Arnaud has filed an environmen-tal impact study with the government of Quebec to construct a$500 million plant 15 kilometres from Sept-Îles to extract a mil-lion tonnes of apatite annually from eight million tonnes of rock.Apatite is a mineral composed of phosphate that can be concen-trated up to 40 per cent and used in the production of fertilizer.Mine Arnaud expects to receive all the necessary approvals bythe summer of 2013, after which it will commence construction.Mine Arnaud will embark on this project with partners Investisse-ment Quebec and Yara International ASA of Norway. Followingextraction and concentration in Arnaud’s mill, the product will beshipped to Norway for further processing.

It is clear that the Port’s ambitious growth plans are tied to asubstantial extent to the fortunes of Canada’s iron ore miningindustry. However, for the projects to be implemented, numer-

ous conditions need to fall into place, chief among which is con-tinued strong world demand (and particularly Chinese demand)for iron ore, and prices that will not fall below $100 per tonne.Furthermore, with possibly close to twenty billion dollarsrequired to construct the mines and the necessary infrastructure,investors need to be confident that they will be able to earn a rea-sonable investment on their risky investments. Moreover, thenecessary infrastructure must be put in place to accommodatethe growth. While Port of Sept-Îles appears to be ahead of thecurve in identifying and accommodating demand, mining townsmust be built to accommodate the thousands of new workers,and to provide services to them. Furthermore, with the capacityof IOC’s Quebec North Shore and Labrador Railway limited to 80million tonnes, and with IOC considering increasing its miningcapacity to beyond 50 million tonnes, it may not be long beforethe railway’s capacity to serve all the newcomers will be exhaust-ed. Last, but not least, the Eastern Canadian iron ore miningindustry must keep its eyes focused on cost competitiveness, andthe actions of its international competitors. On July 25, Cliffs Nat-ural Resources noted that while costs at all of its North Americaniron ore operations had increased, those at Wabush and BloomLake had increased the most: with cash costs of $107.14 pertonne, and amortization at $16.31 per tonne, Cliffs’ net sales mar-gin per tonne had declined to only $4.94 per tonne during thethree months ended June 30. As for international competition,we should note that the combined iron ore output of globalgiants Rio Tinto, BHP Billiton and Vale exceed 850 million tonnesannually, and that global iron ore production is estimated some-where in excess of 1.5 billion tonnes annually.

It is clear that the Port’sambitious growth plans are tiedto a substantial extent to thefortunes of Canada’s iron oremining industry.


16



Alouette making a valuablecontribution to the economyand the community

The idea of building an aluminumsmelter in Sept-Îles dates back to the sev-enties when construction of Hydro-Québec’s massive James Bay hydroelectricdevelopment created a temporary surplusof electrical power. The project was furtheradvanced in 1985 after a new deepwaterterminal (“La Relance”) was built at Pointe-Noire in response to a need to diversify theeconomic activity of the region.

In 1987, SGF, a provincial investmentagency, was successful in putting togeth-er an international consortium to build analuminum smelter in Sept-Îles. Theinvestors were attracted by Sept-Îles’deepwater port, qualified manpower andavailability of abundant and low-costelectrical power. Aluminerie Alouette wasestablished in 1989 under the partnershipof the SGF, Austria Metall, Hoogovens of

IT’S NO SECRET THE SEPTÎLES REGION AND ITS PORT LIVES OR DIES BY THE FORTUNES OF THE MINING INDUSTRY. ONE OF THE MAJOR PLAYERS IN THEAREA IS ALUMINERIE ALOUETTE, WHICH LAST OCTOBER CONFIRMED PLANS

FOR A $2BILLION EXPANSION OF ITS FACILITY IN POINTENOIRE ACROSS THE BAYFROM SEPTÎLES. THE INVESTMENT HINGED ON ALOUETTE GAINING ACCESS TO A500MEGAWATT BLOCK OF POWER AT THE LOW RATE FOR VERY LARGE INDUSTRIAL USERS, SINCE POWER ACCOUNTS FOR 30 PER CENT OF ITS PRODUCTION COSTS.THE ALUMINUM SMELTER IS THE LARGEST AND MOST EFFICIENT ON THE NORTHAMERICAN CONTINENT. ITS PRESENT CAPACITY OF 600,000 TONNES IS PLANNEDTO INCREASE TO 900,000 TONNES WITH UNDER THE COMPANY’S PHASE III EXPANSION. THE CONSTRUCTION PHASE WILL, ON AVERAGE, SUPPORT ABOUT 1,000JOBS A YEAR FOR THE DURATION OF THE WORK.

Holland, Kobe Steel Ltd. and Marubeni ofJapan and VAW of Germany. The smelterproduced its first ingots in June, 1992.Since then, Hoogovens, Kobe and VAWhave cashed out. Alouette is currently 40per cent owned by Rio Tinto Alcan withthe balance split between InvestissementQuébec and four other shareholders.

Alumina used in the production ofaluminum is brought in from the U.S.,Australia and Brazil. Almost 50 per cent ofthe aluminum ingots from the smelter arebarged from Pointe-Noire to the GreatLakes, where they are transferred to rail-cars and trucks for delivery to rolling millsin North America. The balance is shippedto Europe and Japan.

With the completion of Phase II a fewyears ago, the plant now includes twoelectrolysis facilities each a kilometre inlength, two anode producing plants and acasthouse producing 1,500 tonnes a dayof aluminum ingots and sows. Employ-ment has increased from 560 to 1,000

BY BRIAN DUNN

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Aluminerie Alouette confirmedplans for a $2-billion expansion

of its facility in Pointe-Noire.



non-unionized workers, making Alouette the largest employer inSept-Îles. Phase III will add a third series of electrolysis cells andan additional 300 jobs.

There are other benefits the region will enjoy. An agreementwith Hydro-Québec calls for the implementation of a new uni-versity pavilion, a $10 million investment by Alouette. In addition,Alouette will create an industrial chair on carbon research withthe Université du Québec à Chicoutimi. Beyond the 300 newsmelter jobs, Alouette has made a commitment to create 1,000other jobs through developing partnerships with equipmentmanufacturers and suppliers, continuing efforts related to alu-minum transformation activities, supporting the development ofnew raw materials in Quebec and developing businesses withthe First Nations communities. A similar agreement was signed in2002 for the Phase II project, which called for the creation of1,010 jobs by 2012 which Alouette has already exceeded by help-ing in the creation of 1,617 jobs by December 31, 2010. Otherplanned investments include Alouette’s participation in the Que-bec Economic Development Fund, a contribution of up to $75million. The company did more than its part for the environmentin 2011 by surpassing its greenhouse gas emission reductionobjectives (1.78 tonnes of CO2/tonne of aluminum). In addition,the smelter reduced its fluoride emissions for a ninth consecutiveyear to 0.31 kg/tonne of aluminum (2007 global levels rangedbetween 0.5 kg to 4.0 kg/tonne) Furthermore, Alouette’s energy

consumption of 12,750 kWh/tonne of aluminum ranks among thelowest in the world. Alouette produced a record 582,004 tonnesof aluminum in 2011, and aims to achieve rated output of 600,000tonnes in 2012, the year of its 20th anniversary..

An advantage Alouette has over most of its competitors inChina and India is its location in North America for product distri-bution and proximity to Europe for the same reason. Also, despitelower labour costs in India and China, Alouette’s input costs arelower, thus providing it with a competitive advantage.

In June, Alouette won a prize in the “Aluminum Smelter Excel-lence” category at the American Metal Market awards in New Yorkfor its work in health and safety, production, energy efficiency,environmental performance and for the company’s impact on itscommunity. In 2011 Alouette’s employees produced aluminumduring 334 consecutive days without any recordable injuries.

An advantage Alouette has over most of its competitors inChina and India is its location

in North America.



Sept-Îles aims to increase its share of the cruise market

SEPTÎLES IS WELCOMING THREE CRUISE SHIPS ON SEPTEMBER 22, SEPTEMBER 27 AND OCTOBER 2. THE MSMAASDAM OF HOLLAND AMERICA STOPPED FOR THE

DAY ON MAY 8. “WE HAVE WELCOMING ACTIVITIES SUCH ASMINI SHOWS FEATURING LOCAL ARTISTS AND OTHER TYPESOF ENTERTAINMENT, AS WELL AS A VARIETY OF SHOREEXCURSIONS FOCUSING ON THE INNU EXPERIENCE,” SAIDMARIO SÉVIGNY OF DESTINATION SEPTÎLES NAKAUINANU,WHO IS RESPONSIBLE FOR DEVELOPMENT OF THE PORT’SCRUISE BUSINESS.

Located at the mouth of the Gulf of St. Lawrence, Sept-Îles isan important deepwater port for the sprawling iron ore and alu-minum industries. The history of Sept-Îles is closely linked to therich natural resources of the surrounding territory, while this cradleof the Innu First Nations community has welcomed countless trap-pers, fishermen, and forestry and mining companies for centuries.

The traditional Virée des îles (Tour of the Islands) isenhanced by an interpretation of the region’s history, economy,culture and social life. Whale and other marine mammal watch-

ing is a popular activity, as is a trip to the bird sanctuary onCorossol Island. Biology excursions focusing on crustaceans andmolluscs are also offered. There are morning and evening cruises,diving, snorkelling, scuba diving, kayak rentals and a three-hourguided excursion three times a day.

Nearby Grande Basque Island is a recreational and tourist cen-tre offering close to ten kilometres of walking trails, six beautifulbeaches, as well as interpretation activities, guided tours and the-matic activities including mycology, ornithology, and geology.

In terms of cultural activities, the Vieux poste de Sept-Îles(trading post) dates to around 1676 when it was managed by aFrench commercial society, of which the famous explorer Louis Jol-liet was a member. The site’s buildings were rebuilt in 1967. Thegeneral store, observation tower, chapel, home and the groundsoffer a varied interpretive program consisting of shows, exhibits,archaeology, history and Innu culture.

Port of Sept-Îles, the City of Sept-Îles, and the Innu TakuaikanUashat mak Mani-Utenam Band Council have organized Destina-tion Sept-Îles Nakauinanu to promote the establishment andgrowth of tourist attractions, and to promote Sept-Îles as a cruisedestination.

Cruise Terminal at the port of Sept-Îles.

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DHL Express Canada puts global logisticsexpertise to work for Free The Childrenand Me to We

DHL Canada announced aglobal partnership withFree The Children, an inter-national charity andeducational partner, and

Me to We, an innovative social enter-prise that exists to support the workof its charitable partner, Free TheChildren, including donating half ofits net profit. Through the uniquepartnership, DHL will provide freeshipping services, storage and sup-port for several of Free The Childrenand Me to We’s programs.

In the 17 years since its founda-tion, Free The Children has growninto the world’s largest network ofchildren helping children througheducation, with more than 3,500schools involved in programmingdomestically, as well as developmentwork that has brought holistic andsustainable infrastructure to coun-tries overseas. To date, Free TheChildren has shipped more than $16million worth of medical supplies toneedy countries around the world.The new DHL Express partnershipwill alleviate shipping costs, enablingFree The Children to reinvest thesesavings into services for communi-ties in need and other charityprograms and initiatives.

DHL will also ship medical sup-plies that Free The Children receivesas donations to various internationalcountries it works in, in particular toits Baraka healthcare centre in theMaasai Mara region of Kenya. Fur-ther, to aid Free The Children withpreparations for its signature nationalyouth empowerment event, We Day,DHL will assist with cross-Canadashipments of supplies on a yearlybasis, transporting items includinggift bags, books and signage, décorand print media.

“It is our philosophy that goodpartners make good people, and apartnership with Free The Childrenaligns with DHL’s mission to be asocially conscious company,” saidGreg Hewitt, President of DHL

Express (Canada), Ltd. “This partner-ship enables us to help an importantcharity that makes a significant impacton children and families across theglobe, and we are proud to be part ofthis great enterprise in furtheringsocial change and supporting thespirit of entrepreneurship – somethingthis company was also started on.”

“We are extremely grateful toDHL Express Canada for supportingour work in such a momentous way,and are thankful to have access tosuch extensive global businessknowledge,” said Craig Kielburger,co-founder of Free The Children andMe to We. “As a not-for-profit organi-zation we strive to keep our costs aslow as possible, so that every pennydonated by our supporters can beused to benefit the communities wework with. We foresee this partner-ship not only allowing us to betterservice the countries we alreadyoperate in, but to expand our work toother countries in need.”

The partnership will also supportMe to We’s Artisans program. Withthe goal of bringing an alternativeincome source to women in Free TheChildren communities, the Artisansprogram gives more than 550 Maasaimamas a market for their traditional

beadwork, while allowing them tosupport their families and gainaccess to financial literacy training.Me to We currently ships 150 kilo-grams of products from Nairobi,Kenya to Toronto, Canada every twoweeks. DHL will assist with shippingthe products to corporate and individ-ual customers in Canada, absorbingthe cost of shipping the items,enabling the mamas to make moremoney and helping them connect to agreater market.

DHL Canada is integrating sup-port for the new partnership and thecharity into its employee engagementstrategy, and launching a multi-faceted program which makes it easyfor employees and their families todirectly participate in Free The Chil-dren initiatives. In return for theirdedication and support, Free TheChildren will start programs for thechildren of DHL employees, allowingthem to benefit from the local andinternational leadership experiencesoffered through the charity. There willbe five youth academy scholarshipsavailable for employee children andopportunities for youth volunteer tripsto Kenya, as well as family work-shops and a We Day volunteerprogram.

The Baraka HealthClinic in Kenya.

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AccessShippers’ Handbook

on Home Page

CanadianSailings

Transportation &Trade Logistics

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Seaspan selects IFS Applications tosupport $8 billion in shipbuilding work

Seaspan has selected IFSApplications as its shipbuild-ing materials requirementsplanning (MRP) solution. IFSApplications was chosen

because it provides a powerful proj-ect-based solution with the ability tocontrol cost and schedule in real-time,enhancing Seaspanʼs ability to effi-ciently meet customer requirements.This capability will help Seaspandeliver on the recently awarded $8 bil-lion federal government shipbuildingprogram to build non-combat vesselsfor the Canadian Coast Guard andRoyal Canadian Navy.

“IFSʼ successful track record withother shipyards allowed us to makethis selection with confidence,” Sea-span Shipyards President Brian Cartersaid. “They also have a partnershipwith our existing CAD software sup-plier which will help us ensure thecontinuity between design and engi-

neering processes that are so essen-tial to efficient shipbuilding processes.”

“Seaspan is exactly the type ofenterprise that ought to seriouslyconsider IFS Applications,” IFS NorthAmerica Vice President of Sales MikeLorbiecki said. “They have a complex,demanding project-oriented businessenvironment that needs a project-based solution. What is more,Seaspan also performs maintenancework on existing assets, and IFSApplications provides comprehensivenative preventative maintenance sup-port as part of its application suite.We look forward to being a part ofSeaspanʼs future success.”

The project-based industry is oneof IFSʼ targeted horizontal markets.IFS offers a complete project lifecyclemanagement solution that enablesbusinesses to manage project-relatedcosts, timelines, resources, cash flows,and risks. IFS customers include Gren-

BRIANCARTER

land Group, Babcock EngineeringServices, Heerema Fabrication Group,TLT Babcock, Damen Shipyards,Vigor, Horizon, Contiga, STX, UltraElectronics, Austal, Archer, and FEV.Founded in 1983, IFS is a public com-pany, which develops, supplies andimplements component-based enter-prise software suite built on SOAtechnology. The company has 2,000customers and is present in approxi-mately 60 countries with 2,800employees.



MONTREALTel: (514) 788-2917Fax: (514) [email protected]

TORONTOToll Free: 1-866-218-3888Tel: (416) 232-1686Fax: (416) [email protected]

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CHINA SHIPPING (CANADA) AGENCY CO. LTD.

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Canada TranspacificStabilization Agreement (CTSA)

FOR IMMEDIATE RELEASEContainer shipping lines in the Canada Transpacific Stabilization Agreement (CTSA) have

called for a General Rate Increase (GRI) for dry and refrigerated cargoes.

Effective August 10, 2012, member carriers in the Canada Transpacific StabilizationAgreement (CTSA) say they intend to raise Asia-Canada for dry cargoes by US$500per FEU for Vancouver local and door cargo, and by US$700 per FEU for all MLB,intermodal and East Coast all-water shipments. Refrigerated cargoes will be increasedeffective August 15, 2012 by US$1000.00 per FEU for Vancouver local and door cargoand by US$1250.00 per FEU for all MLB, intermodal and East Coast all-water shipments,with other equipment sizes rated per formula. Other sizes of equipment will be rated performula.The new rates will apply to all current CTSA origins, including Pakistan, Sri Lanka andBangladesh. Please note that the aforementioned is in addition to the previously announced rateinitiatives including the Peak Season Surcharge.

Contact: Brenda Johnston Tel: 905 491 6800; Fax: (866) 506 7827

Roll-on/roll-off terminal at Port of Belledunenamed the ‘Rayburn Doucett Terminal’

Belledune Port Authority (BPA) recently hosted aspecial terminal-naming ceremony outside itsoffices where the new roll-on/roll-off bargemarine terminal was officially named the ‘Ray-burn Doucett Terminal’. “It is the honour of BPA’s

Board of Directors to officially name the Rayburn DoucettTerminal which serves to recognize the long-standingcareer of this public servant and businessman,” statedHarry H. Williamson, Past Chairman of BPA’s Board ofDirectors, “Rayburn’s contributions and continued supportto the local communities spans over three decades. Weare very thankful for his contribution over the years and itis with great pride that we honour him today and for yearsto come with the naming of the roll-on roll-off/Barge termi-nal at Port of Belledune.”

In June 2009, federal and provincial governments aswell as BPA announced $61.2 million in an infrastructureimprovement and upgrade project at Port of Belledune;construction of the Rayburn Doucett Terminal was part ofthe project, which was completed in 2011.

Rayburn Doucett expressed profound gratitude to theBoard of Directors and staff of Belledune Port Authority forthis honour. “The support and guidance given by the pastand present members of the Board of Directors and staff

have played a key role in the development of the Port overthe years, and I am humbled that the honour is bestowedon me today.” In his note of thanks, Rayburn Doucettremarked, “The naming ceremony carries a very specialmeaning as this new infrastructure is an important factor inthe future of Port of Belledune and marks a significantmilestone in part of the Port of Belledune history.”



Total year-to-date traffic through the St. LawrenceSeaway amounted to 13.2 million tonnes, compared to13.0 million tonnes on a year-to-date basis in 2011. Graintonnages declined steeply from 2.7 to 2.3 million tonnes,while iron ore shipments were up substantially, from 3.0 to3.8 million tonnes.

Lake Carriers’ members June tonnagestake a breather

U.S.-flag Great Lakes freighters (“lakers”) carried 9.9million tonnes of dry-bulk cargo in June, 1.0 per cent morethan the previous month, but 1.3 percent below a year agoand the month’s five-year average.

While iron ore cargoes for the steel industry slipped3.1 per cent compared to a year ago, June year-to-datetonnage carried of 18.9 million tonnes was well above thefive-year average of 16.4 million tonnes. Aggregate and

fluxstone for construction and steelmaking rose 13.1 percent, but coal for power generation and steel productionfell 16 per cent, in part because of a lengthy weather-related outage at Superior Midwest Energy Terminal inSuperior, Wisconsin.

June year-to-date U.S.-flag cargoes stand at 34.3 mil-lion tons, an increase of 3.5 per cent ahead of the 5-yearaverage (of 33.2 million tonnes) for the first half of the year.

June cargo shipments through St. Lawrence Seaway virtually unchanged from 2011

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Canadian grain shipments were just about unchangedfrom year-ago levels. However, U.S. grain shipments weresubstantially below year-ago levels as a result of lowersupplies (2011 floodings, 2012 drought) and more exportshipments being barged down the Mississippi river.

Iron ore shipments rose because of rising demand forsteel as a result of rising demand for North American pro-duced automobiles, and because of strong demand forsteel pipe to support drilling for liquids-rich shale gas andshale oil.

While the loss of momentum on the Great Lakes andthe Seaway is somewhat discouraging, the consensusamong economists is that while the U.S. recovery is expe-riencing a slowdown, it remains intact. While the recoveryis weak, a foundation for stronger growth is being builtthrough the shedding of household debt (reduced from133 per cent of disposable income in 2007 to 114 per centtoday), and a greater contribution to GDP from exports.Shale oil production is helping to reduce the trade deficit.Abundant shale gas supplies are encouraging largeindustrial users accustomed to sourcing feedstocks fromMiddle Eastern countries to expand production capacity inthe U.S.



CN and CP reported earnings for the three months ended June 30

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For the second quarter of 2012, CN reported rev-enues of $2,543 million, up by 12.5 per centcompared to the same period of 2011. Net incomewas $631 million, up 17.3 per cent, and represent-ing 24.8 per cent of revenues, an astonishing

achievement.For the same time period, CP reported revenues of

$1,366 million, up by 8.0 per cent compared to the sameperiod of 2011. Net income was $103 million, which repre-sented a decline of 19.5 per cent compared to 2011.

Except for grains and fertilizers, CN registered solidtraffic increases in every commodity group during thesecond quarter, which all recorded double-digit gains inrevenue tonne-miles. Overall, revenue tonne-milesincreased by eight per cent. CN credited the gains to con-tinued economic growth, market share gains, and a labourdisruption at CP. Given its solid performance during thesecond quarter, and it assumption that economic growthwill continue as before, CN has revised its financial outlookfor 2012. It now anticipates to deliver up to a 15 per centincrease in adjusted diluted earnings per share overadjusted diluted earnings per share of $4.84 in 2011.

At CP, revenue tonne-miles recorded strong growth inindustrial and consumer goods, as well as automotive, butdeclined in forest products, coal and grains. Overall, rev-enue tonne-miles increased by one per cent over thesecond quarter of 2011.

It is evident that CP has been making strides in makingproductivity improvements during the latest period: averagetrain weights and lengths have increased, train speed hasincreased, terminal dwell time was down, and car miles perday were up substantially. While these improvements bodewell for improved performance in the future, employee pro-ductivity was impacted negatively by the mismatch betweenthe number of employees needed and the number ofemployees on the payroll, thus resulting in a seven per centreduction in employee productivity.

CN CP

2012 2011 Increase 2012 2011 Increase(%) (%)

Revenues $ 2,543 $ 2,260 12.52 $ 1,366 $ 1,265 7.98Less: operating expenses $ 1,558 $ 1,386 12.41 $ 1,127 $ 1,034 8.99Operating income $ 985 $ 874 12.70 $ 239 $ 231 3.46Operating income as % of revenues 38.73 38.67 17.50 8.26Other income and (expenses) - $ 77 -$ 75 2.67 -$ 88 -$ 58 51.72Net income before income taxes $ 908 $ 799 13.64 $ 151 $ 173 - 12.72Less: income taxes $ 277 $ 261 6.13 $ 48 $ 45 6.67Net income $ 631 $ 538 17.29 $ 103 $ 128 - 19.53Net income as % of revenues 24.81 23.81 7.54 0.12Cash flow from operations $ 1,211 $ 899 $ 326 $ 213Note: CP reports in $Can, CN reports in US$

Results for the three months ended June 30, 2012(in millions of US$ GAAP)



ILA and USMX announce progress in July contract negotiations

The International Longshore-men's Association, AFL-CIO,(ILA) and the United StatesMaritime Alliance, Ltd.(USMX) reported that they

have made significant progress intheir negotiations, resolving anumber of key issues toward reach-ing agreement on a new contract.

Concluding three days of sched-uled negotiations, the two sidesannounced an agreement in principleon issues involving the introduction ofnew technology and automation andmaintenance and repair of chassiswithin marine terminals and at off-pier facilities at the East and GulfCoast ports. The two sides agreedthe ILA would fill any new jobs cre-ated by technology, and to establish aprocess under which any ILA workersdisplaced by technology will be eligi-ble for limited pay guarantees. Theagreement on chassis addresses ILAconcerns about job losses fromocean carriers’ shift of chassis fleetsto leasing companies not covered by

the union’s contract. Major leasingcompanies that already have takenover carrier chassis have promised tocontinue to hire ILA labour andrespect the union’s existing workjurisdiction. The new agreementwould require future acquirers ofchassis to pledge in purchase agree-ments to continue to hire ILA labourthat now performs the work. An esti-mated one-third of internationalintermodal chassis are still owned byocean carriers.

"We had a productive session inFlorida," ILA President Harold J.Daggett and USMX Chairman andCEO James A. Capo said in a jointstatement. "We’re pleased that wewere able to resolve some importantissues and look forward to continuingbargaining to reach agreement onthe remaining issues in the currentnegotiations."

"The East and Gulf Coasts portsare crucial to the health of thenation’s economy and we take seri-ously our responsibility to reach an

agreement without any disruption inthe supply chain and operation of the14 ports,” they said.

Since 1977, the two sides havesuccessfully negotiated nine newMaster Contracts without any disrup-tions in operations. The currentcontract, which expires September 30,took effect in 2004 and was extendedfor two years in 2010. Current negotia-tions are aimed at concluding anothersix-year deal. Many shippers havesaid that if talks did not showprogress, they would make plans tobegin accelerating shipments ordiverting cargo to the West Coast.

USMX represents employers ofthe East and Gulf Coast longshoreindustry, including 24 container car-rier members, including the 10largest carriers worldwide, and everymajor marine terminal operator andport association on the East and GulfCoasts.

The ILA represents 15,000 mem-bers working at Atlantic and GulfCoast ports from Maine to Texas.

Letter to the EditorI refer to the article by Keith Norbury on the burden of freightforwarders meeting increased security rules. Under the article's sub-heading of "New System promises less paper, faster service"there is reference to the eManifest benefits also applying to theB13A Shipper's Export Declaration.

There needs to be a point of clarification made, as the paper B13Ais no longer in use, as of April 1, 2012. Export Declarations mustbe made electronically under the Canadian Automated ExportDeclaration (CAED) software that is available free from CBSA for apc application. Alternatively, by G7 reporting, or SummaryReporting, all methods being electronic.

Otherwise, a very insightful article and an informative readingexercise.

With compliments,

Jeffrey GazenProfessor, International Transportation and Customs ProgramSeneca CollegeToronto, ON



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Algoma Central Corporation places fifth in 2011 Marine Money Rankings

Algoma Central Corporation,the largest Canadian ship -owner and operator ofdomestic Great Lakes ves-sels, announced recently

that it placed fifth in Marine MoneyMagazine's 2011 Rankings of PubliclyTraded Shipping Companies.

Marine Money Magazine hasproduced its annual ranking of publicmarine shipping companies since1991. The 2011 list includes 84 com-panies engaged in all aspects ofmarine shipping. The annual MarineMoney Rankings, which are designedto measure companies' ability toimprove operating efficiency and tocreate shareholder value, are basedon a wide range of financial meas-ures including total return toshareholders, return on equity, returnon assets, total asset turnover, and

price to book ratio. Algoma placed32nd on this list for 2010.

"Algoma had an outstanding andgame-changing year in 2011" saysGreg Wight, President and CEO ofAlgoma Central Corporation. "Movingup 27 spots in the prestigious Marine

Money rankings and our inclusion inits top ten list is reflective of the hardwork of all of our shipboard andshoreside employees."

A copy of the Marine Money arti-cle can be found on the company'swebsite at www.algonet.com.

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Canadian Sailings “CAREER CENTRE”

Please call Wendy Hennick at 514-556-3042

Career ads appear on our websitecanadiansailings.ca


1600 Saint-Martin Boulevard East, Tour A suite 315,

Laval, QuebecH7G 4R8

514-849-5661www.kbcargo.com

International Cargo Forwarding & Transit Com-pany Import export via air, sea and land

AJ MARITIME ajmaritime.com . . . . . . . . . . . . . . . . . . . . . . . . 42

ASSOCIATED CONFERENCE SECRETARIAT acs-fl.com . . . 37ATS CONTAINERS atscontainers.com . . . . . . . . . . . . . . . . . . . 38

CARGO NAVIGATORS carrib-trans.com . . . . . . . . . . . . . . . . . 42

CHINA SHIPPING chinashipping.ca . . . . . . . . . . . . . . . . . . . . 37

CN cn.ca . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22GUY TOMBS LIMITED guytombs.com . . . . . . . . . . . . . . . . 39KB CARGO LOGISTIK INC. kbcargo.com . . . . . . . . . . . . . . . . 42

JOC CONFERENCES joc.com . . . . . . . . . . . . . . . . . . . . . . IFCMSC (Canada) mscgva.ch . . . . . . . . . . . . . . . . . . . . . . . . . . 3, 23

MONTSHIP montship.ca . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

NIRINT nirint.ca . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40

PORT OF MONTREAL port-montreal.com . . . . . . . . . . . . . . . . 33

PROTOS SHIPPING protos.ca . . . . . . . . . . . . . . . . . . . . . . . . . 41

SEABOARD MARINE seaboardmarine.com . . . . . . . . . . . . . . . 36

SEA PROJECTS seaprojects.com . . . . . . . . . . . . . . . . . . . . . . 38

SHIPPERS’ HANDBOOK . . . . . . . . . . . . . . . . . . . . . . . . . . . 21-35

SEPT-ÎLES FEATUREALOUETTE alouette.com . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

BOUCHARD & BLANCHETTE MARINE bbmarine.ca . . . . . . . . 11

CSL cslcan.ca . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OBC

FEDNAV fednav.com . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

GROUPE PROMMEL grpml.com . . . . . . . . . . . . . . . . . . . . . . 15

IRON ORE COMPANY OF CANADA ironore.ca . . . . . . . . . . . . . 9

LOGISTEC logistec.com . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

OCEAN lgroupocean.com . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

PORT SEPT-ILES portsi.com . . . . . . . . . . . . . . . . . . . . . . . . . . 5

QUEBEC STEVEDORING qsl.com . . . . . . . . . . . . . . . . . . . . . . 10

AIR & LCL OCEAN TO THECARIBBEAN, CENTRAL

& SOUTH AMERICADIRECT WEEKLY SAILINGS

CARGONAVIGATORS

Air Tel.: (905) 677-3603 Fax: (905) 677-2680

Ocean Tel.: (905) 790-2455 Fax: (905) 790-8065

Project Cargo Worldwide

• Breakbulk Full cargoes• Heavylift Part cargoes• RoRo Regular charters from Canada/US

Containers & SpecializedEquipment to Pakistan &

Afghanistan

Tel.: 514.486.4115 416.471.1948 Fax: 514.486.1426 E-Mail:[email protected]

GRAND CAYMAN & BERMUDA weekly LCL consolidation & full container movements

PORT FEATUREPublication date:AUGUST 27, 2012

Reservation Deadline:AUGUST 16, 2012

THUN

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BAY

FOR ADVERTISING INFORMATION:JOYCE HAMMOCK, Publisher & Editor (514) 556-3042DON BURNS, Advertising Representative (450) 458-5833


Contact WENDY [email protected] • 514-556-3042 Ext. 2

Canadian Sailings is not responsible for errors. Please verify with event organizers for possible changes or cancellations.

August 13CANADIAN MANUFACTURERS AND EXPORTERSAnnual CMC Scholarship Classic Golf TournamentRattlesnake Point Golf Club, Milton, Ontariocontact: 905-672-3466, Lorie [email protected]: www.cme-mec.ca

August 19-22ASSOCIATION OF CANADIAN PORT AUTHORITIESAnnual General Meeting and ConferenceSheraton Hotel, Hamilton, Ontariocontact: 905-525-4336, Sharon [email protected]: www.acpa.hamiltonport.ca

August 21ST. LAWRENCE SHIPOPERATORSAnnual Golf TournamentLevis Golf Club, Levis, Quebeccontact: 418-648-4378, ext. 102, Ariane [email protected]: www.armateurs-du-st-laurent.org

August 22GREAT LAKES PILOTAGE AUTHORITYAnnual Public MeetingSaint-Sulpice Hotel, Montreal, Quebeccontact: 613-933-2991, ext. 206, Christine [email protected]: www.glpa-apgl.com

August 22A.N. DERINGERDuty Free Programs Webinarcontact: [email protected]: www.anderinger.com

August 23JOURNAL OF COMMERCETrucking Outlook for 2012 Peak Season Webcast2:00 p.m. – 3:00 p.m. ETcontact: 516-589-0229, Mina [email protected]: www.joc.com/webcasts

August 23TORONTO TRANSPORTATION CLUBFall Golf TournamentThe Rock Golf Course, Muskoka, Ontariocontact: 416-886-5450, Denise [email protected]: www.torontotransportationclub.com

September 5-6JOURNAL OF COMMERCE EVENTSInland Port Logistics ConferenceMarriott Oak Brook Hills Resort, Oak Brook, Illinois contact: [email protected]: www.jocevents.com

September 5-8ATLANTIC PROVINCES TRUCKING ASSOCIATIONNational Driving ChampionshipsMoncton, New Brunswickcontact: 506-855-2782, Danielle Hé[email protected]: www.apta.ca

September 6TRANSNET NATIONAL PORTS AUTHORITYIntermodal Africa 2012International Convention Centre, Durban, South Africacontact: 011 60 87 426 [email protected]: www.transportevents.com

September 10THE VAN HORNE INSTITUTELogistics Scholarship Golf Tournament FundraiserD’Arcy Ranch Golf Club, Okotoks, Albertacontact: 403-220-8455, Gail [email protected]: www.vanhorne.info

September 11BRITISH COLUMBIA TRUCKING ASSOCIATIONBest Ball Golf TournamentMeadow Gardens Golf Club, Pitt Meadows, British Columbiacontact: 604-888-5319, ext. 215, Sandra [email protected]: www.bctrucking.com

September 10-12DMG EVENTSOil Sands Trade Show and ConferenceSuncor Community Leisure Centre, Fort McMurray, Albertacontact: 403-209-3562, Wes [email protected]: www.globalpetroleumshow.com

September 12MARINERS’ HOUSE OF MONTREAL‘Festa Italiana’ LuncheonIberville Maritime Terminal, Port of Montreal, QuebecContact: 514-849-3234, Carolyn [email protected]: marinershouse.ca

September 13ALBERTA MOTOR TRANSPORT ASSOCIATIONSouthern Golf Fund RaiserSilverwing Golf Course, Calgary, Albertacontact: 403-214-3438, Peter [email protected]: www.amta.ca

September 13CIFFACentral Region Golf TournamentRedcrest Cardinal Golf Club, Newmarket, Ontariocontact: 905-673-1999, Bob [email protected]: www.ciffa.com



Economy & Finance

TRANSPORTATION & TRADE LOGISTICS