Community Update

SAAM Towage Canada to provide Tug Services for ALL Coal Vessels at Neptune Bulk Terminals

Saam etug May 15

Building on the October 12, 2022, joint agreement by Teck Resources, our shareholder, and SAAM Towage, Neptune is very pleased to confirm that as of May 15, 2024, SAAM Towage Canada Inc. will be the exclusive provider for all tug assist service for all vessels calling at Neptune Bulk Terminals berth 1 to load Teck’s metallurgical coal products.

SAAM Towage will prioritize using the two new ElectRA 2300 SX electric battery powered 70-ton Bollard pull performance tugs to provide the tug vessel assist services.

Vessel agents will remain solely responsible for arranging tug services from SAAM Towage. All tug services shall be at the vessel’s expense and will be invoiced by SAAM Towage through the agents. A new Neptune specific tug tariff will be published shortly by SAMM Towage for electric tug assist service for all coal vessels at berth 1. SAAM’s services remain subject to the U.K. Standard Conditions for Towage and Other Services (revised 1986).

Should SAAM Towage not have the required equipment to provide a service at Neptune berth 1, SAAM Towage has committed to providing an alternative tug or service provider to perform the tug services.

Our experience is that SAAM and its tugs provide exceptional harbour assist and ship berthing services. Should a problem be experienced, it should be raised with SAAM directly.

This service exclusivity does not apply to vessels calling at Neptune Bulk Terminals to load potash.

Neptune, along with our project partners at Teck Resources and SAAM are very proud of the significant investment made to help decarbonize the port operations through the use of battery powered tugs.