Rand Logistics Receives International Safety Management Code Certification on Eight Canadian Vessels
16 Agosto 2017 - 5:15PM
Rand Logistics, Inc. (NASDAQ:RLOG) (“Rand”), a leading provider of
bulk freight shipping services throughout the Great Lakes region,
announced today the Company has received five-year International
Safety Management (ISM) Code certifications on eight of its
Canadian vessels by the American Bureau of Shipping (ABS), the
Company’s third-party surveyors.
“Certification of our vessels to the ISM Code is a direct
reflection of our commitment to our core values of safety, health,
security and protection of the environment in which we operate. The
teamwork and effort put forth by our shipboard and shoreside
employees to achieve these certifications were admirable and
correlate to the pride our employees have in operating in the Great
Lakes region,” stated Gerald Ray, Vice President of Operations for
Lower Lakes Towing, Ltd., the Company’s Canadian operations. “Each
and every employee should be proud of these certifications, which
align with our operational and safety excellence initiatives.”
The first vessel in the Canadian fleet achieved ISM compliance
in November 2016 and the eighth vessel obtained certification the
week of July 17, 2017. It is expected that the ninth Canadian
vessel will be certified after completion of its ISM audit in
November, after returning to service to support the grain
harvest.
The International Safety Management (ISM) Code is an
international standard for the safe operation of ships and for
pollution prevention. The ISM Code, to which participation is
voluntary, establishes safety-management objectives and requires a
safety management system (SMS) to be established by the
Company.
About Rand Logistics Rand
Logistics, Inc. is a leading provider of bulk freight shipping
services throughout the Great Lakes region. Through its
subsidiaries, the Company operates a fleet of three conventional
bulk carriers and twelve self-unloading bulk carriers including
three tug/barge units. The Company is the only carrier able to
offer significant domestic port-to-port services in both Canada and
the U.S. on the Great Lakes. The Company's vessels operate under
the U.S. Jones Act – which reserves domestic waterborne commerce to
vessels that are U.S. owned, built and crewed – and the Canada
Coasting Trade Act – which reserves domestic waterborne commerce to
Canadian registered and crewed vessels that operate between
Canadian ports.
Forward-Looking Statements
This press release contains forward-looking
statements, including statements about our expectations for
obtaining a ninth ISM certification and the return to service of
our vessels. For all forward-looking statements, we claim the
protection of the Safe Harbor for Forward-Looking Statements
contained in the Private Securities Litigation Reform Act of
1995. Forward-looking statements are inherently subject to
risks and uncertainties, many of which cannot be predicted with
accuracy or are otherwise beyond our control and some of which
might not even be anticipated. Future events affecting our
strategic plan and actual results of our financial position,
results of operations and cash flows, could differ materially from
those described in or contemplated by the forward-looking
statements. Important factors that contribute to such risks
include, but are not limited to, the effect of an economic downturn
in certain of our markets; the weather conditions on the Great
Lakes; our ability to meet current regulations, standards and
certification requirements; and changes in laws or regulations.
The risks included are not exhaustive. For a
more detailed description of these uncertainties and other factors,
please see the "Risk Factors" section in Rand's Annual Report on
Form 10-K filed with the Securities and Exchange Commission on July
6, 2017 and in Rand’s Quarterly Report on Form 10-Q filed with the
Securities and Exchange Commission on August 14, 2017.
CONTACT:
Rand Logistics, Inc.
Corporate Communications:
Annemarie Dobler
(212) 863-9429
annemarie.dobler@randlog.com