Saturday, February 23, 2008

OCEANEX ANNOUNCES INCREASED CAPACITY

Captain Sid Hynes, Executive Chairman of Oceanex Inc., announces two key service enhancements aimed at its Newfoundland and Labrador fish processors and international container line customers. Oceanex Inc. is presently increasing the number of electrical plugs on its two marine terminals located in St. John’s and Corner Book.

There will be an additional 40 shore based plugs installed in St. John’s and 20 in Corner Brook. These additional electric plugs will enable both the fish processors and international container lines to store more temperature controlled containers within a safe and monitored environment while awaiting transhipment to either the ports of Halifax and or Montreal by Oceanex.

Additionally, during the peak export fish season, Oceanex will operate two vessels weekly into the port of Corner Brook. In doing so, the Montreal vessel, the Oceanex Avalon, will call Corner Brook weekly in addition to the Halifax vessel, the M.V. Sanderling. The second vessel call will create additional carrying capacity on the St. John’s – Corner Brook – Halifax triangle for time-sensitive, refrigerated cargo.

Oceanex Inc, a privately owned corporation, is a leading player in the east coast transportation industry. Oceanex operates from St. John’s, Montreal, Halifax and Corner Brook, utilizing three vessels, an inland trucking service from its four operating ports and is a full inter-modal transportation service provider between any point in North America and the island of Newfoundland.

Oceanex recently announced the purchase of 150 - 53 feet long containers, providing the equivalent cargo handling capability of 150 tractor trailers. Oceanex Inc. is committed to growing its position in Eastern Canada.

For additional information on Oceanex, contact Cpt. Sidney Hynes at 709-722-6280.