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ARGENTIA MANAGEMENT AUTHORITY SIGNS MOU WITH INTEGRATED LOGISTICS

Argentia Management Authority (AMA) has recently signed a Memorandum of Understanding (MOU) with Integrated Logistics to develop a Multi-Purpose Marine Shore Base Facility at Argentia.

AMA is a not-for-profit corporation dedicated to the economic development of the Placentia area, tasked with the responsibility of attracting investment to its port and industrial property for the benefit of the region.

Integrated Logistics, with terminals in Long Pond and Argentia, is part of an extended stevedoring network with partnerships in place to handle cargo through 22 terminals strategically located along the St. Lawrence Seaway, from Eastern Canada to the North American heartland.

Market demand for a multi-purpose marine shore base facility is being driven by resource developments in the province and in particular by the expansion of the offshore oil industry.

Integrated Logistics’ development at Argentia would include port utilities, dock facilities, bulk storage and lay down areas. The company would provide services such as stevedoring, warehousing, marshalling yard access, equipment and materials storage and fabrication.

Bruce Dyke, Integrated Logistics President says, “We view Argentia’s strategic location and harbour characteristics as key competitive advantages to support both regular supply and large offshore and other construction activities”. The company now intends to work with its partner Quebec Stevedoring to further refine its business model to determine its detailed needs for marine works and other shoreline facilities at Argentia.

AMA CEO Harvey Brenton states, “The establishment of a marine base to support offshore and other activities by Integrated Logistics is a logical fit for Argentia. We welcome this initiative and look forward to the company bringing us their specific plans for this development in the very near future”.

For more information, please contact:

Harvey Brenton, CEO
Argentia Management Authority Inc.
P.O. Box 95, Argentia, NL Canada A0B 1W0
Phone: 709 227-5502 Fax: 709 227-5592
Email: [email protected]
Web: www.argentia.ca

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