World Grain - February 2015 - (Page 38)
FEATURE: CWB TAKEN OFF LIFE SUPPORT
CWB'S ASSET LIST
Headquarters building: The Canadian Wheat Board's headquarters, located a short distance from Portage and Main at 432
Main, Winnipeg, Manitoba, has already been sold. Colliers International real estate once described the eight-story building as
having "over $17 million in capital improvements since 2006,
including a complete floor-by-floor renovation of the building."
Also, the building offers "highly efficient open-area workstation
environments, a beautiful executive floor/boardroom, employee
cafeteria and fitness facility, large training centers and numerous
meeting rooms, and an onsite daycare facility."
The board also continues to operate marketing offices in Beijing and Tokyo.
Grain cars: In the 1970s and early 1980s, the board purchased
a fleet of 3,200 covered hopper (cylindrical) cars that it leased
out to Canada's two largest railways. The purchase was part of
a 13,500-steel-hopper-car purchase by the federal government
(1,000 aluminum cars were also purchased in 1973-1978 but later
sold as scrap), the purchase of 900 cars by the Province of Saskatchewan and 1,000 cars by the Province of Alberta.
In a presentation to the House of Commons, Canada's Standing Committee on Transport recommended that Transport Canada
arrange for the sale of the cars. The following companies/groups
were said to have previously expressed interest:
* CN Rail that proposed purchasing the cars currently in service with CN.
* CP Rail proposed to maintain the status quo with the government of Canada retaining the cars and entering into a long-term
operating agreement with the railways. However, if the federal government wished to exercise its right to sell the fleet, CP would make
an offer to purchase some of the fleet at that time;
* Farm-Industry Partnership (FIP) - The FIP proposal called for
the formation of a leasing company with a lease to buy option for
the cars which would equal $5 million per year for 20 years.
* Farmer Rail Car Coalition (FRCC) - the FRCC recommended
the federal government sell the cars to them for a nominal fee to
lease on a not-for-profit basis.
* Transport Canada also said that government retention of the
cars was also an option under consideration.
* CWB cars could possibly be included as part of this dispersal plan.
Grain ships (Lakers): Prior to being stripped of its monopoly, the
wheat board arranged for the construction of two state-of-the-art grain
ships (Lakers) designed to carry bulk cargo throughout the Great Lakes
system to export terminals in the St. Lawrence and U.S. grain terminals.
One of those ships has now been delivered.
The Lakers are Equinox-class low emission bulk vessels that
carry more cargo, sail faster and consume less fuel than their
predecessors. The CWB plan was to have the vessels managed
and operated by Algoma Central Corp., which has the largest Canadian fleet on the Great Lakes-St. Lawrence Waterway.
The plan was to have the vessels carry grains, oilseeds and pulse
crops and other bulk commodities, such as iron ore when grain
shipping slows, with revenues being returned to the wheat board.
Lakehead terminal: Mission Terminal Inc., Thunder Bay, On38
tario, was one of the first purchases made by CWB after Bill C-18
came into effect. The terminal handles producer cars, owns producer car loading facilities in Western Canada, and provides farmers with an advisor and phone app to assist them in ordering a
producer car (A producer car is a grain car an individual farmer
orders directly, loads on a siding away from an established elevator and ships directly to the buyer or loading terminal - bypassing
established elevator companies).
Winnipeg-based Mission Terminal Inc. handles wheat, durum,
barley, canola, rye, flax, peas and oats, and industrial products:
* Mission Terminal located at the mouth of the Mission River
with a licensed storage capacity of 136,500 tonnes and a handling
approximately 1.5 million tonnes annually.
* Les Élévateurs des Trois-Rivières, located in Trois-Rivières, Quebec, that can receive, store and load grain. The facility has a storage
capacity of 110,000 tonnes of grain and can receive grain by ocean
ship, laker, rail or truck. It is one of the few facilities on the St. Lawrence that can accommodate vessels up to Panamax size.
* Services Maritimes Laviolette (SML), in TroisRivières, Quebec, offering stevedoring and related services
Inland grain terminals:
* Bloom, Manitoba (March 23, 2014): construction of the
board's first state-of-the-art grain elevator west of Portage La
Prairie in Bloom, Manitoba. The elevator is expected to be ready
to receive grain for the 2015 harvest. Once completed, the facility
will feature 34,000 tonnes of storage, railcar loading rates of up to
60,000 bushels per hour with a 130-car loop track.
* Colonsay, Saskatchewan (April 10, 2014): construction of a
terminal with 42,000 tonnes of storage with a 134-car loop track
capable of loading 1,600 tonnes per hour. The terminal will be ready
to receive grain this autumn.
* Dodsland, Saskatchewan (June 9, 2014): Prairie West Terminals facilities included in the acquisition were "The Concrete" located between the communities of Dodsland and Plenty, Kindersley
and Luseland. Together, the facilities include over 78,000 tonnes of
storage, a high capacity grain cleaning line, high throughput dryer,
color sorters and high throughput rail loading
* Leader, Saskatchewan (Aug. 29, 2014): the board announces
the purchase of Great Sandhills Terminal, a 23,400-tonne high
throughput terminal serviced by the Great Sandhills shortline railway
operating over 197 kilometers between Swift Current and Burstall,
Saskatchewan. The terminal is scheduled to open January 2016. The
board also assumes a majority stake in the shortline railway.
* Pasqua, Saskatchewan (Sept. 4, 2014): features 42,000
tonnes of storage capacity and is set to open in January 2016. The
terminal will have a car-loading rate of up to 1,600 tonnes per hour,
a 134-car loop track and cleaning facilities.
* St. Adolphe, Manitoba (Oct. 3, 2014): A new terminal featuring 34,000 tonnes of storage. Scheduled to open in early 2016.
Equipped with a 134-car loop track, loading rate of up to 1,600
tonnes or 60,000 bushels per hour, 33,900 tonnes of storage and a
130-car loop track with a loading capacity of 1,600 tonnes per hour
and cleaning facilities.
February 2015 / World Grain / www.World-Grain.com
Table of Contents for the Digital Edition of World Grain - February 2015
World Grain - February 2015
Table of Contents
From the Editor-in-chief - Easing embargo on Cuba a world gain
Calendar of Events
119th Annual IAOM Conference and Expo
News Review - NIBULON reports record grain, oil crop exports
Nidera building silo on Danube in Romania
Algeria’s cereal imports increase by $3.5 billion
ADM strengthens Unilever relationship
Cargill’s net earnings up 41%
Grain, biofuel shipments surge at Port of Prince Rupert
CHS reports 56% increase in first-quarter earnings
KSU names Grain Science and Industry Department head
Port of Paranaguá sets record for grain handling
Bullish economics may force grain prices lower
IGC forecasts world wheat production at 701 million tonnes
Carr’s Milling profit up on strong performance
Bay State Milling expanding in Arizona
AGRANA earnings drop 25%
Canada introduces act to modernize grain industry
Grain Market Review - Rice
Country Focus - Syria
Feature - Ethiopia Striving for Grain Surpluses
Feature - CWB Taken off Life Support
CWB's Asset List
Feature - Europe's Largest Port Keeps Growing
Feature - Grain Experts Analyze Black Sea
Feature - Investment analysts guarded about 2015
Feature - Another year of advances
Rice Quarterly - Milling Properties of Commingled Rice
Vietnam’s outlook for rice exports mediocre for 2015
Myanmar’s rice exports to China surge
African countries focus on boosting rice production
Thai rice exports to dominate
Feature - U.K. Milling Industry checking for soy in flour
Feed Operations - Upgrade ideas for your feed mill
Feature - Comparing Major Soybean Exporters
Feature - The importance of Landscaping
Feature - Global feed tonnage increases
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