Island Tug is the largest supplier of oil cargo transport in Western Canada. Their growing fleet of vessels includes nine tugboats and twelve barges with more in construction. Island Tug's vessels are known for their innovative design and attention to safety. The company is planning for the future with a commitment to have a full fleet of double-hulled barges by 2010, well in advance of government regulations. Island Tug has a long history of serving coastal communities up and down the west coast. It is the largest supplier of bulk fuel products to Vancouver Island. With expertise in general and specialized cargoes ITB is known for a high level of service and professionalism. Island Tug is British Columbia's only domestic supplier of underwater cable laying services. Their specialized equipment is used for such clients as BC Hydro and Telus.
http://www.omeganavigation.com
Omega Navigation Enterprises, Inc. (Omega) is engaged in the ocean transportation services of dry cargo products, and crude and refined petroleum products. The Company owns and operates a fleet of six double hull Panamax product tankers and two Ice Class 1A double hull Handymax product tankers. Omega provides the commercial management of its vessels in-house through a wholly owned subsidiary, Omega Management, Inc. For the year ended December 31, 2007, three of the Company’s customers accounted for approximately 100% of its voyage revenues from its operations. These customers were Korea Line Corporation, D/S Norden A/S, ST Shipping & Transport (Glencore International AG) and A/S Dampskibsselskabet Torm. (Source: 20-F)
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