Oceanex Inc. Makes Renewed Commitment to Newfoundland and Labrador and Improves Service

    ST. JOHN'S, Aug. 8 /CNW Telbec/ - Oceanex Inc. has released details of
its new schedule from Halifax to St. John's reflecting a 50% increase in
capacity to the capital city as well as a new weekly call to the port of
Corner Brook by the Oceanex Avalon.
    Business in both areas of the province is strong and expectations of
sustained growth bode well for the long term future of the company in
Newfoundland and Labrador.
    "We are extremely pleased that market conditions are good and we are in a
position to improve service and capacity to the province. Additionally, new
state of the art cranes in Corner Brook and St. John's will provide greater
service reliability. Our customers will benefit greatly from this and our
improved service," said Captain Sid Hynes, Executive Chairman Oceanex Inc.
    In addition to increasing the sailing frequency to St. John's, Oceanex
will begin a new port call with the Oceanex Avalon every Monday in Corner
Brook. This will mean reduced transit time from central Canadian origins to
Corner Brook, Western Newfoundland, and exporters will have an opportunity to
consider the option of the various International container lines that service
the Port of Montreal. As a result of the Corner Brook to Montreal link,
transit time from western Newfoundland to central Canada will be reduced by
more than a week.

    Oceanex Inc, a privately owned corporation, is a leading player in the
east coast transportation industry. It operates from key centers including
Toronto, Montreal, Halifax, St. John's and Corner Brook and provides a wide
range of intermodal services to Newfoundland from anywhere in North America.
Over the years, the company has built up a solid intermodal transport network
through service excellence and efficient port facilities.

For further information:

For further information: Cpt. Sid Hynes, (709) 758-1407; Lori Caines,
Oceanex Inc., (709) 758-1407, (709) 726-2507 (Fax), lcaines@oceanex.com;

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