Newfoundland's Ocean Cargo Services Seen Expanding With Coming Offshore Oil Boom

newfoundlands ocean cargo
services seen expanding with
coming offshore oil boom

Newfoundland's c o m i n g offshore oil boom will trigger a parallel growth in the province's maritime and air transportation services, the Hon. Neil Windsor, Newfoundland's minister of development, recently told members of the Executives Club of Chicago. Already two o c e a n c a r r i e rs serving the Newfoundland/Montreal trade route—Newfoundland Steamships Ltd., and Atlantic Freight Lines — are increasing their capacity to meet rapidly expanding demand for containerized cargo between the Atlantic province and Central Canada.

Mr. Windsor also said that trial runs by super ice-breaker vessels demonstrate ocean shipping is possible year-round in Labrador where the Anaconda Company is studying the feasibility of a $1- billion aluminum smelter close to where the Newfoundland government plans to build a $4-billion hydroelectric plant.

offshore offshore oil RS aluminum cargo company maritime shipping services development transportation government members