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Shipping figures for the month of December 2016

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This is an increase of 12% from the same month in 2015.

The Port of Port Hedland achieved a monthly throughput of 44.5Mt, an increase of 17% from the previous year and a new monthly throughput record for the Port.

Iron ore exports for the month totalled 43.9Mt an increase of 17% from the same month in 2015.

Imports totalled 149,000 tonnes, a decrease of 10,000 tonnes or 6% from the previous year.
The Port of Dampier delivered a total monthly throughput of 15.9Mt, a slight increase from the previous year.

Imports totalled 83,000 tonnes, an increase of 10,000 tonnes or 13% from the previous year.

Arrival of the first vessel of the year at the Port of Montreal

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The Chem Sirius left the Port of Antwerp, Belgium on December 19 and crossed the Port of Montreal’s limits at 3:16 a.m. on January 1. Sylvie Vachon addressed the gathering, saying: “So soon after his arrival from Antwerp, Belgium, Captain Ju has already departed for Charleston, South Carolina aboard the Chem Sirius. But this time when he returns home in March, he will be bringing with him the honour of winning the Gold-Headed Cane, reflecting a longstanding port tradition specific to Montreal. By doing so, he joins an elite group of 177 other navigators who sailed, or are still sailing the world, marked by Montreal, port of destination and of tradition!”

Several representatives from the marine industry, the Montreal business community and the world of politics attended the ceremony of the 178th Gold-Headed Cane. Guests included the Member of Parliament for Montarville, Michel Picard, representing the Honourable Marc Garneau, minister of Transport of Canada, the Minister for Maritime Affairs for the government of Quebec, Jean D’Amour, and the mayor of the City of Montréal, Denis Coderre.

When it was implemented in 1840, the ceremony recognized the arrival of the first ocean-going vessel that made it through the ice in spring to reach the Port of Montreal. Today it reminds us that the Port of Montreal has been open year round since 1964.

2017 celebrations
This marine tradition is particularly meaningful this year in light of the celebrations of the 375th anniversary of the City of Montreal and the 150th anniversary of the Confederation of Canada. Ms. Vachon said: “The Port of Montreal is at the heart of these anniversaries and I am certain that our partners feel as strongly about history, as the shipping trade played a leading role in the development of the city and the country. The Port was a founding component of the City and an engine for its economic and ethnocultural development. Furthermore, Montreal’s port facilities are at the heart of the settlement and development of Canada’s industrial age. Today, the awarding of the Gold-Headed Cane has greater value on the strength of this rendezvous with history and everything epitomized by the Port of Montreal, a key player then and now, and resolutely focussed on the future for the benefit of all.”

The Chem Sirius
Flying the flag of Liberia, the Chem Sirius is a chemical tanker commissioned in 2011 and chartered by Ace Tankers CV shipping company. The Chem Sirius docked at Berth 57 at the Port of Montreal. Its cargo went to the storage and handling company Vopak. The tanker and its crew departed on January 1, after the quick unloading of its cargo of phosphoric acid, which is used in fertilizers, among other things. Once processed, it can also be used as an additive in food and cosmetic products.

2016: The growth continues
According to preliminary statistics, the Port of Montreal handled 35.2 million tonnes of freight in 2016. This unaudited figure is higher than last year’s traffic results. In fact, it corresponds to an increase of more than 10% in freight traffic.

It is also a historic record for the Port of Montreal. In 2016, Montreal received close to 86,000 cruise passengers and crew members. In 2017, the Port of Montreal expects to welcome 110,000 passengers and crew members at its new cruise terminal, more than a 20% upswing.

German Bundeskartellamt has approved divestment of STAHL CraneSystems to Columbus McKinnon

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German Bundeskartellamt merger control has on January 5, 2017, approved the STAHL Divestment. This approval was the final condition for closing.

As there are no additional contingencies on the closing of the STAHL Divestment, Konecranes and Columbus McKinnon intend to close it on or about January 31, 2017.

Terex completes the sales of its MHP business

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“We believe that the Konecranes-MHPS combination represents compelling industrial logic that will deliver significant value to Konecranes customers, team members and shareholders, including Terex” said John L. Garrison, Terex President and CEO.

Mr. Garrison continued, “The sale of our MHPS business is a major milestone on our journey to become a more focused, high performance enterprise. We are committed to delivering improved profitability and return on capital across Terex as we implement our strategy of focus, simplify, and execute to win. Also, we will move forward over the coming weeks with our planned debt reduction, significantly reducing our interest expense and leverage as we enter 2017.”

The final transaction consideration is subject to post-closing adjustments for cash, debt, working capital, MHPS actual 2016 EBITDA and the closing of the sale of the Stahl CraneSystems business.