2015-03-12 | [ssba]

Oceanex Inc. Named as one of Canada’s Best Managed Companies Gold Standard Member

Oceanex Inc. was named one of Canada’s Best Managed Companies Gold Standard Member in 2014 for excellence in business performance. This prestigious national award is sponsored by Deloitte, CIBC, National Post, Queen’s School of Business and MacKay CEO Forums, and recognizes Canadian owned and managed companies with revenues over $10 million for sustained growth, financial performance, management practices and the efforts of the entire organization.

“I would like to congratulate Oceanex Inc. and its entire workforce. Achieving this standard of excellence takes a united effort from a dedicated team,” said Peter Brown, National Co-Leader of Canada’s Best Managed Companies Program and Senior Practice Partner, Deloitte.

The 2014 winners of the Canada’s Best Managed Companies award, along with the Gold Standard winners, Requalified and Platinum Club members will be honoured at the annual Best Managed gala in Toronto on March 31, 2015. On the same date, the Best Managed symposium will address leadingedge business issues that are key to the success of today’s business leaders.

“I am indeed very proud of our team of experienced and knowledgeable employees”, said Oceanex Executive Chairman, Captain Sid Hynes. “Achieving the Gold Standard of this award is truly a testament to their efforts. Oceanex employees are focused on working safely while achieving an exceptional standard of performance and providing reliability for our customers!”

Canada’s Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $10 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) Best Managed winner (one of the new winners selected each year); 2) Requalified member (repeat winners retain the 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 reapplied for the designation. Companies may requalify for two additional years, subject to annual operational and financial review; 4) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years). Program sponsors are Deloitte, CIBC, National Post, Queen’s School of Business and MacKay CEO Forums. For further information, visit www.bestmanagedcompanies.ca.

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. Oceanex recently introduced a custom designed, 210-meter ice-class Con/Ro vessel, the Oceanex Connaigra, to its fleet. It is the largest Canadian-flagged ConRo ship in Canada and has been designed to provide a continuous, year round efficient service to St. John’s, Newfoundland operating on a fixed weekly service from Montreal.