WESTSHORE ANNOUNCES NEW HANDLING AGREEMENT WITH TECK

About this update from Westshore Terminals Investment Corporation

[{"type":"text","content":"\n\n\n Mar. 4, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, March 4 /CNW/ - Westshore Terminals Investment Corporation\n (TSX: WTE.UN) (the "Corporation") is pleased to announce today that\n Westshore Terminals Limited Partnership has reached an agreement with\n Teck to handle certain annual coal tonnages from Teck's mines for a\n four year term from April 1, 2012 to March 31, 2016.  The commercial\n terms of the agreement are confidential.\n\n\nThe existing contract that covers shipments of coal from the Elkview,\n Line Creek and Cardinal River mines expires on March 31, 2012 and the\n Port Services Agreement that covers shipments of coal from the Fording\n River, Greenhills and Coal Mountain mines expires on February 29, 2012.\n This most recent contract will result in Teck shipping coal volumes of\n not less than 16 million tonnes per coal contract year increasing to\n 17 million tonnes and with the possibility to do more, all at fixed\n rates through Westshore. \n\n\nThe foregoing statements concerning tonnages, coal prices, loading\n rates, taxation and variability of distributions are forward-looking\n statements but reflect the current expectations of the Fund and\n Westshore with respect to future events and performance.  Wherever\n used, the words ''may,'' ''will,'' ''anticipate,'' ''intend,''\n ''expect,'' ''plan,'' ''believe,'' and similar expressions identify\n forward-looking statements. \n\n\nForward-looking st...

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