Mandate:
Marine Atlantic Inc. (MAI) is a Crown Corporation that fulfills Canada’s constitutional obligation to support freight and passenger ferry service between North Sydney, Nova Scotia (NS), and Port aux Basques, Newfoundland and Labrador (NL). MAI also offers a seasonal service between North Sydney, NS, and Argentia, NL.
MAI owns three ferry terminals in North Sydney, NS, and Port aux Basques and Argentia, NL, respectively, and it operates a fleet of four ice-class vessels, namely the Atlantic Vision, the Blue Puttees, the Highlanders, and the Leif Ericson. The vessels are configured to accommodate both commercial freight and travellers.
In a typical year, MAI derives revenues of over $100 million from its activities, and receives approximately $145 million from the federal government to cover its operating and capital shortfalls.
The corporation’s revenue dropped by about 25% in fiscal year 2020/21 due to the pandemic. However, it has recovered and its 2022/23 revenues surpassed the $110 million forecast.
A new chartered vessel will enter MAI’s fleet in spring 2024, replacing the Atlantic Vision. The Ala’suinu (meaning ‘traveler’ in Mi’kmaw), at 203 meters in length will carry commercial and passenger vehicles. The new vessel will represent MAI’s green shift and commitment to the environment. When delivered it will be one of the most advanced and accessible vessels of its type in the world. The design includes energy efficient technology, aligning with the Government’s current focus on reducing carbon emissions.
The department is working with Marine Atlantic and central agencies to review and update the current cost-recovery policy which governs the funding model for the Crown corporation.
Profile:
President and Chief Executive Officer: Murray Hupman
Chairperson of the Board of Directors: Gary O’Brien
Board of Directors: 10 directors (including the Chief Executive Officer)
Size: 1,283 employees at peak employment in 2022/23