The Ledcor Group of Companies

The Ledcor Group of Companies

March 26, 2015 14:00 ET

Ledcor Continues to Invest in Marine Industry With Rapidly Expanding Marine Fleet

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 26, 2015) -

Editors Note: There are four photos and one video associated with this press release.

Today, The Ledcor Group of Companies welcomed the arrival of two new flat-deck heavy cargo barges and one 1,200 horsepower tug boat, with plans to nearly double its 2012 fleet size by 2016. BC MLA Naomi Yamamoto and Jackie Jacob, Executive Director, British Columbia Institute of Technology (BCIT) Foundation were on-hand to christen the new vessels at a traditional marine ceremony held in North Vancouver with the Ledcor Group's Chairman and Chief Executive Officer Dave Lede.

The arrival of the new barges and tug signals continued rapid growth for Ledcor's marine division, which will add three tugboats and eight barges to its current fleet of six tug boats and 15 barges, within the next year. The newly acquired 80 metre barges, equipped with a deck strength of over 3,000 lbs/sq.ft, will carry a wide variety of potential cargoes including bulk commodities, containers, equipment modules, and construction materials such as pipe. In the event that one or more LNG plants are constructed in the province, the barges will be used during the construction phase to provide a cost-effective solution for the transportation of the necessary equipment and materials.

"The new tug and barge assets allow us to meet our current and future customers' needs as Ledcor continues to expand its service offerings in British Columbia," said Mark Houghton, Chief Operating Officer for Ledcor's Marine division. "We are well positioned to seize new opportunities and ship diverse types of cargo with these two new barges."

Since the launch of its marine division in 2012, Ledcor has witnessed tremendous growth in demand for its marine services in BC and has made significant investments in its fleet.

"Our expansion creates business diversification for Ledcor and brings new jobs and economic opportunities to the marine industry," said Paul McElligott, President, Ledcor Transportation and Resources, the Marine division's parent company. "We are uniquely positioned to provide customers with modern new equipment, competitive rates, and a dedication to customer service and will continue growing our business this way."

The flat-deck heavy cargo barges, named the L6001 & L6002, were designed by Capilano Maritime Services of North Vancouver.

The tug boat, named the Bill L Ledcor after the Ledcor Group's founder, produces 1,200 horsepower and is able to successfully single or double tow Ledcor wood product and aggregate barges as well as the new 80 metre barges. To fulfill current capacity demands, the tugboat will be used for inland services, specifically trips along the Fraser River.

About Ledcor

The Ledcor Group of Companies is one of North America's most diversified construction companies, serving the building, oil & gas, infrastructure, mining, power and communications sectors. We also own operations in wastewater treatment, property investment, forestry, and transportation services. Ledcor employs over 8000 people across 20 offices. Since 1947 we have been growing with our clients and partners: Forward. Together. Find out how at www.ledcor.com

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