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Post by Barnacle on Jun 8, 2008 7:48:03 GMT -8
We're up to US$4.32/gallon, which if my conversion is correct, works out to US$1.14/L. I guess we still don't have room to whine to our northern neighbours and colleagues... ;D
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D'Elete BC in NJ
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Post by D'Elete BC in NJ on Jun 8, 2008 17:29:38 GMT -8
Elite in NJ what is the current price in your region It is 1.399/litre in Nelson BC saturday afternoon Well, we just hit $3.89/gal, or $1/litre...southern NJ has been fortunate to have had one of the lowest average fuel prices so far. Also, there are anti-predation laws in place to eliminate the surges in fuel prices many people see when the price of oil spikes. This helps to isolate the price at the fuel pump from the day to day fluctuations in oil futures and makes pump prices follow the actual supply cost which, while increasing, is much more stable...still, my fuel bill presently is around $600 - $700 a month between myself and my wife; three times what it was four years ago. lol...trust me, I'm looking at alternatives...like moving to a smaller, more fuel efficient car, and I'm also considering jumping companies to cut some of my commute out...we already moved my wife into a much more fuel efficient car, and she changed jobs to put herself closer to home.
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Mirrlees
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Post by Mirrlees on Jun 9, 2008 21:46:56 GMT -8
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D'Elete BC in NJ
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Post by D'Elete BC in NJ on Jun 10, 2008 4:13:51 GMT -8
Gas on the south Island hit $146.9/L this morning up from $139.9/L yesterday. lol...wow, a $7 increase overnight on top of a hundredfold increase...sorry couldn't resist...
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Post by Balfour on Jun 10, 2008 7:09:54 GMT -8
Unfortunately as the gas prices go up, it is going to hit everyone's wallet hard. Even those of us who don't own cars or drive because the higher gas prices will increase transportation costs and therefore increase the price of everything, most importantly the price of food...
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Post by Guest 101 on Jun 10, 2008 9:18:27 GMT -8
One thing the Government can do - is drop the GST and PST on marine fuel.
Yo may not know this - but a FOC vessel can come into Canadian waters - bunker up and then leave Canadian waters and will not be charged any PST - GST on the fuel they take on-board.
Therefore why doesn't the government drop the PST - GST on fuel for "commercial" vessel - been ferries, fishing boats, tugs, ect.....but leave it on pleasure craft?
This saving would surely help the small business on the island - and local small communities that need "sea" transport of some sort.
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Post by Balfour on Jun 10, 2008 9:37:37 GMT -8
One thing the Government can do - is drop the GST and PST on marine fuel. Yo may not know this - but a FOC vessel can come into Canadian waters - bunker up and then leave Canadian waters and will not be charged any PST - GST on the fuel they take on-board. Therefore why doesn't the government drop the PST - GST on fuel for "commercial" vessel - been ferries, fishing boats, tugs, ect.....but leave it on pleasure craft? This saving would surely help the small business on the island - and local small communities that need "sea" transport of some sort. It would certainly help to keep transportation costs (certainly our ferry costs) low and therefore all consumer goods affordable. Another point you brought up about FOC vessels not being charged any GST or PST sounds a bit unfair to me. Now I'm unsure what FOC stands for but I'm guessing it is a foreign vessel of some sort. These vessels should either be paying the taxes or these taxes should be dropped for all commercial vessels. I think dropping the taxes would help stimulate the economy, however some might argue that it could lead more fuel consumption already adding to the strained supply and high demand for oil.
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D'Elete BC in NJ
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Post by D'Elete BC in NJ on Jun 10, 2008 10:37:41 GMT -8
One thing the Government can do - is drop the GST and PST on marine fuel. Yo may not know this - but a FOC vessel can come into Canadian waters - bunker up and then leave Canadian waters and will not be charged any PST - GST on the fuel they take on-board. Therefore why doesn't the government drop the PST - GST on fuel for "commercial" vessel - been ferries, fishing boats, tugs, ect.....but leave it on pleasure craft? This saving would surely help the small business on the island - and local small communities that need "sea" transport of some sort. It would certainly help to keep transportation costs (certainly our ferry costs) low and therefore all consumer goods affordable. Another point you brought up about FOC vessels not being charged any GST or PST sounds a bit unfair to me. Now I'm unsure what FOC stands for but I'm guessing it is a foreign vessel of some sort. These vessels should either be paying the taxes or these taxes should be dropped for all commercial vessels. I think dropping the taxes would help stimulate the economy, however some might argue that it could lead more fuel consumption already adding to the strained supply and high demand for oil. In an effort to decode the acronyms...I think it means Foreign Owned Commercial vessels
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Post by Guest 101 on Jun 10, 2008 10:41:15 GMT -8
You are correct - any foreign flagged vessel can come into Canadian waters - bunker up and not pay the tax. It is the same around the world - in the Global shipping business.
In some countries - they do add a "Foreign" tax to Marine fuel & Lube's - but then people just don't go there - and a part from the lost of fuel sales - you also find they lose other incomes - like ship's supplies - crew changes - taking on parts.....so a lot of smaller business die off - then you find the port starts to die off.
I don't think we want that for Vancouver - do we?
I would think that the Provincial government has the right to drop the PST tax - maybe not the GST tax on fuel....sure would be a vote winner.
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Post by WettCoast on Jun 10, 2008 21:50:09 GMT -8
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D'Elete BC in NJ
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Post by D'Elete BC in NJ on Jun 11, 2008 3:15:18 GMT -8
Yes, correct, but I was attempting to decode a cascadian acronym!
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Post by Guest 101 on Jun 11, 2008 10:46:42 GMT -8
FOC is what western countries call vessel coming into there waters.....
Did you know that Seaspan International and all there Container vessel are flagged (FOC) in the Marshall Island ? The business is run out of HK and Dennis Washington only owns 10% of the business - shares with the rest owned by the Chinese Government whom they have long term TC contracts with......
Soon you will be seeing them in Prince Rupert and Vancouver - they are massive 8,000 to 10,000 TEU Container ship that can move at over 21 to 25KNTS......you surely don't want one of those hitting are little Coastal's - now do you, of course they trade in "protected in-land water ways" - that been the Straits of Georgia to the common man on the street.
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Post by redwife on Jun 16, 2008 11:26:08 GMT -8
UK prices up to £1.20 a litre ( 2.4 c$) and we have a tanker driver strike so our local supplies have run out. Happy days!
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Post by SS San Mateo on Jun 16, 2008 11:39:26 GMT -8
$4.76/gallon at the downtown Vashon station yesterday.
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Post by Dane on Jun 16, 2008 23:39:32 GMT -8
The vessels aren't charged GST as they are not viewed as having a service delivered - much like topurists coming into Canada who for a long time could claim back GST.
A more likely scenario is that the FOCs will indeed have to start paying it, rather than seeing the tax dropped.
Foriegn spending while in Canada such as this commenly (but less commenly in the last few years) isn't subject to the GST.
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Post by Guest 101 on Jun 17, 2008 7:18:47 GMT -8
Dane,
In the global shipping business - with most of the world fleet flying a FOC flag on there vessel - it is done for a number of reasons and yes fuel is one of them.
As we have seen in other "countries" where it was deem to be "unfair" to local companies - these countries tried to bring in a "foreign" tax on only Marine products - chiefly been fuel & lubes. Didn't work and Ports lost many millions of $ in business. Vancouver is trying very hard to be the main container terminal on the West Coast of BC - against other ports like Prince Rupert - when it becomes operational and of course the American ports - Seattle & Tacoma.
In the past the lower value of the Canadian dollar helped - but now it is stronger than the American dollar - so BC is or will be losing out to the America Ports - South of Vancouver.
Where I think the Provincial government can help the SME business on the Island - is by dropping the PST on marine Fuel and Lubes - for Ferries, Fishing boats - & Tugs. Even a drop of 7% is better than nothing. Of course the government of the day can always replace it - when the local economy is better.
It may not be fair as it stands - but until it was pointed out - you didn't know did you? Hence you had no view - now that you know about this simple lack of Tax on Fuel...it does change ones view - doesn't it?
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Neil
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Post by Neil on Jun 23, 2008 16:27:49 GMT -8
Did you know that Seaspan International and all there Container vessel are flagged (FOC) in the Marshall Island ? The business is run out of HK and Dennis Washington only owns 10% of the business - shares with the rest owned by the Chinese Government whom they have long term TC contracts with...... Just out of curiosity, I sent an e-mail to Seaspan Int'l asking about this, because it sounded like a bit of a Cascadian fantasy. In reply, they state that the Chinese government has, in fact, no investment in Seaspan. Perhaps you might like to clarify your assertion.
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Post by Guest 121 on Jun 23, 2008 22:37:28 GMT -8
FOC is what western countries call vessel coming into there waters..... Did you know that Seaspan International and all there Container vessel are flagged (FOC) in the Marshall Island ? The business is run out of HK and Dennis Washington only owns 10% of the business - shares with the rest owned by the Chinese Government whom they have long term TC contracts with...... Soon you will be seeing them in Prince Rupert and Vancouver - they are massive 8,000 to 10,000 TEU Container ship that can move at over 21 to 25KNTS......you surely don't want one of those hitting are little Coastal's - now do you, of course they trade in "protected in-land water ways" - that been the Straits of Georgia to the common man on the street. Follow this link www.seaspan.com/history.htmSee the ownership. Guest 101 is wrong.
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Post by Guest 121 on Jun 23, 2008 22:41:34 GMT -8
FOC is what western countries call vessel coming into there waters..... Did you know that Seaspan International and all there Container vessel are flagged (FOC) in the Marshall Island ? The business is run out of HK and Dennis Washington only owns 10% of the business - shares with the rest owned by the Chinese Government whom they have long term TC contracts with...... Soon you will be seeing them in Prince Rupert and Vancouver - they are massive 8,000 to 10,000 TEU Container ship that can move at over 21 to 25KNTS......you surely don't want one of those hitting are little Coastal's - now do you, of course they trade in "protected in-land water ways" - that been the Straits of Georgia to the common man on the street. Also FOC is "Flag of Convenience" See link en.wikipedia.org/wiki/Flag_of_convenienceGood Grief Guest 101 if you are going to say something make sure you are right. What did Mark Twain say about keeping ones mouth shut?
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Post by Guest 101 on Jun 24, 2008 7:00:58 GMT -8
I may have made a mistake in calling it Seaspan International - when in fact it is called Seaspan Corp - and listed on the NY boards - the only part of his group. They are under SSW and here is the information in which I was talking about. I only stated the Container business - not his "local" BC business. www.seaspancorp.com/ www.123jump.com/ipo/ipo_view/SSW/Seaspan+Corp. finance.aol.com/company/seaspan-corporation/ssw/nys/institutional-ownership Company Strategy The Company is a Marshall Islands corporation that was incorporated on May 3, 2005 to acquire all of Seaspan Container Lines Limited’s current containership business. Major Stock Holders (Prior To Offering) Name Class A Dennis Washington 25% Gerry Wang 16.70% Kyle Washington NA The Kevin Lee Washington Trust II 25% Tiger Container Shipping Company Limited 33.30% Major Stock Holders (After Offering) Name Common Stock Class A Class B Class C Class L ADS Dennis Washington NA 5% NA NA NA NA Gerry Wang NA 3.30% NA NA NA NA Kyle Washington NA NA NA NA NA NA The Kevin Lee Washington Trust II NA 5% NA NA NA NA Tiger Container Shipping Company Limited NA 6.70% NA NA NA NA I therefore trust Neil that clears up your concern about ownership.
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Neil
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Post by Neil on Jun 24, 2008 9:56:47 GMT -8
I therefore trust Neil that clears up your concern about ownership. It clears up your unfounded assertion about Seaspan, container branch or otherwise, being owned by the Chinese government. Perhaps you were confused by the fact that some of Seaspan's vessels are under time charter to a Chinese firm.
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Post by Guest 101 on Jun 24, 2008 10:53:58 GMT -8
Neil,
Dennis Washington and his family - Trust ect...only hold 10% of the business. I think you should read the Forbes article written about the "new" container business. I will post the link for you.
Most of the current fleet are been built in China and Korean. Just about all the vessels are under long term TC contract to a "Chinese Government" shipping company or business. These contract are on the most for 10 to 12 years.
I have only stated that the container business is - which is the only section of his business that is floated - has been flagged in the Marshall Island and that it is majority owned by the Chinese Government - via the stock market in NY. There are currently two listed majority shareholders and these both answer back to the Chinese Government. As for the rest if you look - you will see that a vast majority of these are funds - but now look into the funds and see where there money comes from.
Of course when you do your research you will also know that he went bust a few years back - but of course it didn't affect his BC business did it? I also bet you didn't even know he went bust in one of his business - did you?
Mr. Washington has money - that is correct....but he does have a few strange bed fellows...
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Neil
Voyager
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Post by Neil on Jun 24, 2008 12:14:47 GMT -8
Of course when you do your research you will also know that he went bust a few years back - but of course it didn't affect his BC business did it? I also bet you didn't even know he went bust in one of his business - did you? Cascade, Dennis Washington did not 'go bust'. He bought a company that had been in bankruptcy and re-organized it as Washington Group Int'l, which itself filed for bankruptcy after a subsequent purchase of another firm went sour. He, and his other businesses, remained solid. I'll await whatever information on Seaspan's Chinese ownership that you can concoct, err..., I mean, dig up. In the meantime, given your past history of posting promised corroborative information, I won't be holding my breath.
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Post by Guest 101 on Jun 26, 2008 10:13:42 GMT -8
Neil,
I trust you have now read the Forbes article on Dennis Washington - but given your view on most things to be either left or right - and therefore don't fit in with your own personal views - I therefore await your reply on the Forbes article.
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Neil
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Post by Neil on Jun 26, 2008 22:22:35 GMT -8
Although it's against my religion, I did have a look around the Forbes site. Not sure why you wanted me to, though, as I didn't see anything in any article or video that supported your contention that Seaspan is owned by the Chinese government. So... unless you have something else, I guess we might as well go back to talking about gas prices...
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