The City of Fredericton has moved an emblem of its namesake ship to a more prominent location.

The frigate anchor was a gift from the navy from the inventory of anchors used on the HMCS Fredericton. It was tucked away by City Hall, but has now been placed on a public path along the St. John River. 

The original HMCS Fredericton was a corvette in the Second World War. It had a reputation as a lucky ship for never being fired on in anger during four years of war.

The latest HMCS Fredericton was launched in 1994. Cmdr. James Salt attended Tuesday's re-dedication ceremony.

HMCS Fredericton anchor

The anchor from HMCS Fredericton has been placed along a riverfront trail. (CBC)

"She has participated in almost everything you can think of, from local search and rescue operations off of Halifax, to counter-piracy overseas, to drug interdiction operations down south, to deployment to the Gulf," said Salt. "Her most recent appointment was actually anti-piracy operations before she went into re-fit."

Members of its 250-person crew come to the city every year to help repair and renovate Fredericton's Women in Transition House.

Deputy mayor Stephen Chase notes that isn't the only charitable endeavour for crew members.

"The other thing is that in the annual Bike for Wishes, which this year was the fourth year, Fredericton is the terminus for that," said Chase. "People in the city have helped raise a lot of money for the Children's Wish Foundation,  but the people who are really doing the work are the crew of the HMCS Fredericton."

The Bike for Wishes campaign has raised more than $200,000.

HMCS Fredericton has been in dock in Halifax for almost two years, undergoing a refit and an update of weapons and operating systems. It is expected to be ready to return to sea in the summer of 2014.