January 12, 1996 ~ North Shore News Seaspan buyer wants BCR From page 4 would also give Washington contro! of Seaspan International sub- sidiaries that include Vancouver Shipyards and Vancouver Drydock. Both are located on the North Vancouver waterfront. West Vancouver-Garibaldi Independent MLA David Mitchell expressed cautious optimism that the latest concentration Of services on Vancouver's waterfront will not have a negative impact on the indus- try. “There are some negative con- cerns,” said Mitchell. “On the other hand [ don’t think in B.C. we can A spokesnin oat) Neptune Terminals. a North Vancouver bulk- handling facility which handled an unprecedented 10.793.613 tonnes of products last year, stated the compa- ny had “no comment whatsoever” en the deal, Washington Corporation spokes- man Paul Gutierrez told the News there are no immediate plans ta amalgamale Cates and Seaspan, in Part, because the acquisition of Seaspan is not final. He added that any future amalgamation is unlikely. “Both have long histories ... so to lose one namesake would be a mis- take,” said Gutierrez. In a press release announcing the remove any lingering concerns over the elimination of competition in local waterfront services. “The acquisition of Seaspan is part of a commitment to provide shippers in British Colunibia and the Pacilic Northwest with tuliy- imegraled transportation services.” said Washington. During a press conference held in Vancouver on Wednesday to announce Washington's most recent purchase, he also expressed an interest. in) purchasing BC Rail should the company be privatized. Mitchell, an advocate of the pri- vatization of the Crown Corporation, said the move is atmost inevilable because all three political partics support it. “The privatization of BC Rail is nota question of ‘if? but ‘when’, said Mitchell. He also dikened the possible fallout from Washington's current purchase of Seaspan to the “appearance of a conflict of inter- Options est" arising from BC Rail's recent purchase cf Vancouver Wharves. He said there would exist “a real concern about a monopoly” that “might not be in the public interest and the (interest of the) customers af the port.” Washington already has an inter- est in several railroad companies including Southern Railway of B.C... which serves — Greater Vancouver. Career and Education Exploration Program Capilang College offers * A LO week program starting January 22 through to March 29, including: afford to scare away investment.” acquisition, Washington attempts to Career Counselling and Educational Advising © Assessments « Computer Training © Labour Market Information « Math / English Upgrading * Job Finding Skills ¢ Occupational First Aid Level t ¢ wanekeee . 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