en.Wedoany.com Reported - Seaspan Marine has completed the sale of its historic wood chip, hog fuel, chemical, and rail car barge transportation business to Hodder Tugboat Co. Ltd., based in Richmond, British Columbia.

The sale involves customer contracts and key assets such as tugs and barges. Existing customers are not expected to be affected by this transaction. Hodder has also assumed the leases for several berths from the Vancouver Fraser Port Authority.

Jordan Pechie, President of Seaspan Marine Transportation, stated that Hodder has a strong track record and shares the same union representation as the company's seafarers, making it a suitable long-term owner for this business segment. As the company evolves, its focus remains on safe and reliable operations and continued service.

Seaspan Marine confirmed that its reputation as a reliable partner in a competitive market is crucial for future operations. Highly skilled seafarers, in-house training facilities, and a commitment to operational excellence keep the company competitive in the industry, a foundation that will guide it into its second century.

This divestiture allows Seaspan to focus its resources on core ship berthing, unberthing, and escort operations to support Pacific coast ports, new terminals, and the growing number of vessels. Seaspan Marine has operated in the Port of Vancouver for over 130 years. Highly skilled seafarers, on-site training facilities, and a commitment to operational excellence keep the company competitive in the industry, a foundation that will guide it into its second century. Through this sale, Hodder will expand its barge business in the forestry transportation sector, further strengthening transportation service capabilities along the British Columbia coast.