Canadian Fleet Increases, Good for Twin Ports Economy

By KBJR News 1

August 21, 2013 Updated Aug 21, 2013 at 6:42 PM CDT

Duluth, MN (NNCNOW.com) - Canadian shipping companies are increasing their fleets.

Algoma, Candian Steamship Lines and Fednav announced the arrival of new, high tech vessels. According to the Duluth Seaway Port Authority, the increase is due to the repeal of a tax that charged companies 25% the cost of the ship for ships built outside Canada.

Port Authority officials say the increase in ships is good news for the Twin Ports.

"The Canadian Lakers are unique in that they are made specifically to fit through the seaway size locks on this waterway. So it bodes well for exports especially," said Adele Yorde with the Port Authority.

Algoma will be bringing in eight new vessels, Canadian Steamship Lines will have four and Fednav will have six.