Oceanex Inc. 2018 Platinum Club Winner of Canada’s Best Managed Companies

ST. JOHN’S, NL – March 8, 2018 – Oceanex was recognized for overall business performance and sustained growth with the prestigious Canada’s Best Managed Companies designation. The 2018 Best Managed program award winners are amongst the best-in-class of Canadian owned and managed companies with revenues over $15 million demonstrating strategy, capability and commitment to achieve sustainable growth.

Now in its 25th year, Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing Canadian-owned and managed companies for innovative, world-class business practices. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent process that evaluates the calibre of their management abilities and practices.

The Oceanex Vision is to become the most successful transportation company in Eastern Canada whether viewed through the eyes of its shareholders, employees, customers, suppliers, or the communities it serves. It is committed to operating to the highest standard while offering a cost effective, quality service to customers. This is supported by a progressive management style that encourages a culture of safety, quality, and continuous improvement throughout the organization.

“Best Managed Platinum winners have exceptional insights and knowledge into business management practices. They are an inspiration and really take their game to a new level,” said Peter Brown, Partner, Deloitte and Co-Leader, Canada’s Best Managed Companies program.

Applicants are evaluated by an independent judging panel comprised of representatives from program sponsors in addition to special guest judges. 2018 Best Managed companies share commonalities that include a clear strategy and vision, investment in capability and commitment to talent.

“Oceanex employees are proud to be recognized as one of Canada’s Best Managed companies over the last seven (7) years. To have now joined the Platinum Club is truly a testament to their ongoing commitment to providing an exceptional service and ensuring reliable transportation services for our clients”, states Captain Sid Hynes, Executive Chairman at Oceanex.

“Companies that earn Platinum Club status, exemplify exceptional vision and leadership and a sustained commitment to growth and innovation,” said Dino Medves, Senior Vice President and Head, CIBC Commercial Banking. “CIBC is proud to recognize these and all of the 2018 Canada’s Best Managed Companies as leaders in their industries.”

2018 winners of the Canada’s Best Managed Companies award will be honoured at the annual Canada’s Best Managed Companies gala in Toronto on April 11, 2018. On the same date, the Best Managed symposium will address leading-edge business issues that are key to the success of today’s business leaders.

The Best Managed program is sponsored by Deloitte, CIBC, Canadian Business, Smith School of Business, TMX Group and MacKay CEO Forums.

About Canada’s Best Managed Companies
Canada’s Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $15 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: 1) Canada’s Best Managed Companies new winner (one of the new winners selected each year); 2) Canada’s Best Managed Companies winner (award recipients that have re-applied and successfully retained their Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard winner (after three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for 4-6 consecutive years); 4) Platinum Club member (winners that have maintained their Best Managed status for seven years or more). Program sponsors are Deloitte, CIBC, Canadian Business, Smith School of Business, TMX Group and MacKay CEO Forums. For further information, visit www.bestmanagedcompanies.ca.

About Oceanex Inc. (www.oceanex.com)
Oceanex Inc, a privately owned corporation, offers a complete range of shipping and trucking services to Newfoundland and Labrador from anywhere in North America and sets the pace in service efficiency, safety and reliability. Over the past 100 years, shippers have come to rely upon Oceanex’s fixed-day schedules, on-time performance and dependable, quality service.


For further information, please contact:

Lori Caines
Corporate Administrator
Oceanex Inc.