Fednav Group Review

Fednav Group Review
Company Address
1000 de La Gauchetière Street West, Suite 3500
Montreal, QC, Canada

The Fednav Group is a privately owned shipping company based in Montreal. The company bills itself as Canada’s largest transporter of bulk cargo and breakbulk cargo between Canada and ports around the world. Fednav Limited employs about 275 staff worldwide and maintains offices in Montreal, London, Hamburg, Antwerp, Tokyo, Singapore, Rio do Janeiro and Brisbane. The company employs another 1,000 contract workers on board its ships.

Core Business

Fednav’s primary focus is on transporting dry bulk cargo, steel and other non-containerized cargo. The products that the company is licensed to transport include steel, sugar, gypsum, forest products, wood pulp, cement, project machinery and cocoa. The shipper averages about 800 voyages annually, and transports about 28 million tons of cargo using a fleet of over 85 owned and chartered vessels.

Growing Fleet

Its rapidly expanding fleet includes a wide variety of vessels, ranging from relatively small handy-size ships to large supramax and panamax-size bulk carriers. Fednav also maintains a fairly sizeable fleet of ice-class vessels that it uses for its ice-trading operations. In 2012, the shipper acquired 12 new vessels and it has another 12 ships on order for 2013-2014.

Logistics and Port Services

In addition to shipping, Fednav Ltd. and its subsidiaries also offer a range of related services, including cargo handling, ship servicing and repair, ice navigation services and stevedoring. The company owns and operates several large terminals around the world, where it offers warehousing and ground transportation services to customers. Federal Marine Terminals (FMT) a fully owned subsidiary of Fednav Limited is responsible for handling the group’s port operations around the world. FMT currently maintains operations at eleven ports, including several on the US east and west coasts, and along the Great Lakes. The subsidiary prides itself on using the latest in computer equipment and software technologies to manage its port operations and to handle tasks such as cargo scheduling and tracking.

Strong Reputation

Fednav Ltd. has been in business for 65 years and enjoys a strong reputation for customer service and reliability. Over the years, the company has won several awards in recognition of its service quality and its work ethic. In 2012, International Bulk Journal named the company the Bulk Ship Operator of the Year. According to a Fednav Group review by Mediacorp, the company is one of the top ranked employers in Canada in terms of the benefits that it offers employees.