Fitting Name for New Ferry

first_imgThe name is a fitting nod to the water that she will travel, andto her sister ship. The Department of Transportation and Public Works has chosen thename Petit Princess for the new car ferry that will sail PetitPassage between Digby Neck and Long Island, Digby Co. Her sistership in New Brunswick is also regally named — the Deer IslandPrincess II. Grade 7 student Felicia Frost proposed Petit Princess in a namingcontest for the new $4-million ferry. Transportation and PublicWorks Minister Ron Russell selected her entry from 66 namessubmitted by students at Islands Consolidated School in Freeport. “Our goal was to find the best name for the new ferry with thehelp of students who will sail aboard her for years to come,”said Mr Russell. “With so many well thought-out names submitted,students clearly benefitted from their research in this contest.” Mr. Russell and Felicia revealed the name at a ceremony at theHalifax Shipyard today, Nov. 18. The minister presented Feliciawith $500 for winning the contest. Transportation and PublicWorks also gave Islands Consolidated School $1,000 to fund aschool project. “The contest made students think about the uniqueness of wherethey live, and the importance of the ferry system as atransportation link to the mainland,” said Loretta Crocker,principal of Islands Consolidated School. “The studentsresearched the history of the islands and we all learnedsomething new.” The ferry is being built at the Halifax Shipyard and will becommissioned early in 2004. The Petit Princess is a 42-metrevessel with a capacity of 24 cars, 95 passengers and four crew.It is wheelchair accessible and is replacing the Joshua Slocum,which was built in 1974. In 1974, the Slocum carried 38,000 vehicles a year; that numberhas now skyrocketed to 96,000 a year, mainly as a result ofincreased tourism.last_img read more

Oil higher as OPEC ups 2013 global demand forecast euro rises against

NEW YORK, N.Y. – The price of oil rose Tuesday as OPEC upgraded its forecast for global demand and the Group of Seven industrial countries pledged not to devalue their currencies.Benchmark West Texas Intermediate crude gained 48 cents to finish at US$97.51 on the New York Mercantile Exchange.OPEC, the Vienna-based organization comprising many of the world’s key oil exporters, raised its 2013 forecast for global demand to 89.7 million barrels — 80,000 barrels more than its previous forecast a month ago — citing “some signs of recovery in the global economy and colder weather at the start of this year.”It said about half of the demand increase over 2012 would come from China.Oil prices were also supported by a rise in the euro against the dollar. The increase makes it cheaper for European traders to buy crude oil, which is priced in dollars.The euro rose after the finance ministers from the Group of Seven leading industrial countries insisted they remained committed to exchange rates driven by the market — not government policy — and would consult closely when it comes to sharp movements in foreign currency markets.Brent crude, used to price international varieties of oil, rose 53 cents to end at US$118.66 a barrel on the ICE Futures exchange in London.In other energy futures trading on the Nymex, wholesale gasoline rose three cents to finish at US$3.05 a U.S. gallon (3.79 litres), heating oil rose less than a cent to finish at US$3.24 a gallon and natural gas fell five cents to end at US$3.23 per 1,000 cubic feet.(TSX:ECA), (TSX:IMO), (TSX:SU), (TSX:HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS.UN), (TSX:CVE) AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Oil higher as OPEC ups 2013 global demand forecast, euro rises against greenback by The Associated Press Posted Feb 12, 2013 4:11 pm MDT read more