CN Marine was a Canadian ferry company headquartered in Moncton, New Brunswick. It was a subsidiary of Canadian National Railway, a federal Crown corporation. Created in 1977, nine years later it was converted into a completely separate Crown corporation, Marine Atlantic.
History
CN Marine was created by parent Canadian National Railway (CN), a federal Crown corporation in 1977 as a means to group the company's ferry operations in eastern Canada into a separate operating division. It had previously been part of the Canadian National Steamship Company. The majority of these ferries also required federal subsidies to supplement fares, thus CN was unwilling to have the operating losses appear in the railway's accounts.[1] CN Marine also operated the Newfoundland Dockyard in St. John's, Newfoundland.
CN Marine undertook several major service improvements on the constitutionally mandated services to