$500m for 7 Ships...

[Integrity_Farmer]

The ability to read and the ability to do mathematitics are very important.
First the news release on the purchase of ships states.
"Of the seven Equinox Class ships, two will be owned by the Canadian Wheat Board, one by the Upper Lakes Group -- the parent company of the Port Weller dry docks -- and four by Algoma. When it's all done, the ships will represent an investment of around $500-million."
So this is the purchase of new ships that will be delivered in the future The CWB will own two of these ships and pays 65 million (according to the CWB news release).

The other news release pertains to the sale of Lakers from Upper Great lakes Group for 85 million. These are mainly lakers that will be phased out.
They state it includes ULG's interest (not a total ship) in a self-unloader currently under construction at Chengxi Shipyard in China, which is expected to arrive in Canada in July, 2011"
So this sale to Algoma involves a fleet that is being replaced and many smaller inefficient units and ULG's share in one of the modern ships under construction.
I hope Tom J goes on another hunger strike at the CWB building to occupy his time rather than further embarrising himself on these forums.

[gregpet]

"The ability to read and the ability to do mathematitics are very important."

Something the CWB might want to try to do better.

[TOM4CWB]

Integrity_Farmer,

How your 'statements' change the very facts that clearly point out... the CWB is in the laker shipping business... that those who KNOW what is going on with 80 years of experience... dare not tread...

Explains exactly why we should NEVER have had anything to do with becoming ship owners.

Nice shot from the bow... MR Integrity_Farmer... anonymous with no explanation whatsoever... about why I and my community are involved in this wild goose chase.

Need I remind you.... who is the 'thief' in this particular case... that are telling me I must buy you some boats... as well as pay for the fuel for those boats... without permission... is not acceptable in a free and democratic nation.

Let alone clear proof this whole deal is a bad deal for western Canadian grain growers in any event!