Canada New England Cruise Symposium, Port Congestion, Les Parsons

1. Port Congestion – Limited Berths: Length, Availability
or Both
June 9, 2010

2. Port Profile – Prior to Improvements

3. Port Profile – Prior to Improvements

4. October 2009 – Three Ship Day

5. October 2009 – Three Ship Day

6. Business Case – Status Quo OR Second Berth
Status Quo Second Berth
• Berth expansion at CHAI wharf • Second berth possible at Coast
cost $18.5 M; it is a multi-purpose Guard Wharf
berth for all commercial shipping • Would require a capital
and cruise ship activities investment that is estimated at
• Current berth generates sufficient $12.0 M
revenue to cover debt service and • Expanded berth would only be
operating costs suitable to cruise ships due to
• 2010 Cruise season – 14 ships adjacent developments
from April – August (5 months • With single sole source revenue –
32%) ; 14 ships in September (1 long term viability
month 32%) and 16 ships in • Exploring funding/financing
October (1 month 36%) models for second berth
• Extending the season to better
utilize existing berth capacity