Port clarifies terms of Oceanex contract

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The Port of Corner Brook is open for all business and able to accept vessels from any operator or carrier at any time, says George Murphy.

In a prepared statement, the chairperson of the Corner Brook Port Corporation said there are no barriers to entry or access to the port — including availing of the services of the crane — which would prevent the corporation from negotiating a long term or one-off agreement for a single vessel or multiple calls.

In 2008, the port and Oceanex signed a five-year lease, which had six renewal terms of five years each, providing for a total term of 35 years. To qualify for any renewal option Oceanex has to meet a minimum commitment in terms of tonnage and vessel calls, said the corporation’s statement.

If the port corporation chooses to do so, the minimum commitment can be waived at the discretion of the port’s board.

Oceanex announced it would be pulling its marine freight business out of Corner Brook Tuesday, citing competition from Marine Atlantic with its federal subsidies as the main reason.

Organizations: Corner Brook Port, Marine Atlantic

Geographic location: Corner Brook

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