Sevenstar is able to ship yachts on the large freighter fleet owned by its parent company, Spliethoff, which gives them greater control, he said.
The average seagoing vessel in the military freighter fleet carries several hundred times the load of the C-5 cargo plane but may take days or weeks to sail to its destination.
It was the airline's intention to more than double its freighter fleet to nine Boeing 747s by 2008.
Airbus and Boeing, the world's leading big-jet manufacturers, both expect freighter fleets to double over that period.The growth of air freight over the past 20 years has provided an extra boost for Boeing and Airbus, which both registered record-breaking orders of over 1,000 aircraft a piece last year.
Its ice-free deepwater port (on Burrard Inlet), Canada's largest, has extensive docks and grain elevator facilities; it handles freighters, a fishing fleet, and some ferries.
The growth of the Asian shipping market is also changing the ownership of the global fleet of freighters and tankers.
To complete the vertical integration of his empire, he purchased a railroad, acquired control of 16 coal mines and about 700,000 (285,000 hectares) acres of timberland, built a sawmill, acquired a fleet of Great Lakes freighters to bring ore from his Lake Superior mines, and even bought a glassworks.
The army corps of engineers estimated in a report last year that in the absence of the Poe Lock and the fleet of heavy freighters, only 35% of the ore produced in northern mines could be transported using smaller vessels, trucks and rail.
The company operates a fleet of B747 freighters in 101 cities and 46 countries and has a market capitalization of about $1.39 billion.
In addition, the planned nine-aircraft freight operation has also been eliminated, with three Boeing 747-400BCF freightransferrederred to its parent fleet while the two remaining parked at Southern California Logistics Airport in Victorville, California.
A rock jetty and metal seawall protected the local fishing fleet; a massive red freighter traveled downriver, returning from Portland.
