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CONTACT US For
more information visit: www.frasermarineandindustrial.com
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• Fraser Marine & Industrial The Corporation’s ship repair business operates as Fraser Marine & Industrial (“FMI”). FMI provides diversified ship repair, steel fabrication, machine shop and electrical repair services to the Corporation’s vessels, as well as other fleets on the Great Lakes - St. Lawrence Waterway. From their Port Colborne, Ontario location, FMI provides marine repair services in Owen Sound, Sarnia, Hamilton, Toronto, Montreal and the Welland Canal area. Supervision and core skills are provided from Port Colborne and local, temporary labour is hired for the work in specific ports. These are the ports that the Great Lakes vessels generally use for winter lay-up berths. Although these ports are the main winter repair centers, FMI can quickly mobilize a work force in any Great Lakes port if justified. The FMI motto of “Anytime … Anywhere” recognizes the round-the-clock, mobile nature of the marine industry. During the summer months a core of supervisors and skilled workers are available for unscheduled and emergency repair work that inevitably occurs on both domestic and foreign vessels on the Great Lakes. FMI continues to work with its customers and provides competitive rates for prefabrication of material that is anticipated for the coming winter. This allows utilization of shop facilities and labour during slower summer months and efficient use of more limited resources in the winter. Annual revenue fluctuations are a result of shipping companies year to year repair variances. FMI continues to make positive contributions to the Domestic Dry-Bulk financial results. FMI is the premier top-side ship repair firm on the Great Lakes and has demonstrated its ability to take on very large and complex projects and complete them in the short winter repair period. They have an enviable reputation of finishing these projects on time, on budget and to a high standard of quality. In 2009, FMI signed a three year collective bargaining agreement with the Steelworkers of America Union which will be valid until May 2012. |
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FRASER
MARINE & INDUSTRIAL
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| Exploring opportunities in non-marine markets. |
