US-Canada dairy dispute brings NAFTA to the fore.
The conversion of the port’s original breakbulk facility, Fairview Terminal, into a major container terminal in 2007 resulted in the loss of some of Prince Rupert’s breakbulk and general cargo. The deepwater port in northern British Columbia has subsequently emerged as arguably the fast-growing container port in North America, capturing mounting Asian trade with the West Coast.
With continued strong growth anticipated in maritime trade with Asia, Canadian ports in British Columbia on Canada’s West Coast are jockeying for position to increase market share. Various projects are underway or on the radar screen for capacity expansions in such key sectors as container and breakbulk facilities.
With carrier consolidations and alliances heralding still-larger containerships coming to the East Coast of North America, the Port of Halifax has entered the fray in a serious way amidst rival bids in recent years for a mega terminal in Nova Scotia.
Canada’s imports and exports fell slightly last year to respectively C$547 billion and C$521 billion, when much uncertainty prevailed in shipping and global economic trends, but leading Canadian ports on the East Coast managed to either maintain or recover a growth pattern.
In another of his controversial initiatives, President Trump has stirred angry disbelief among US and Canadian municipal and government officials in the Great Lakes/St. Lawrence region inhabited by over 17 million people.
In balmy weather on the first day of spring, the St. Lawrence Seaway opened its 59th navigation season at its Montreal entrance with a mood of cautious optimism prevailing among US and Canadian Seaway officials, government representatives and marine industry representatives.
As an example of key pieces being exported by water for a high visibility project in North America, it certainly qualifies. In this particular case, the pieces were Canadian-manufactured. The main transportation service provider was McKeil Marine, a leading tug-and-barge operator based in Hamilton, on Lake Ontario. And the project is the giant New York Wheel under construction on Staten Island.
If the restoration of the US infrastructure moves forward, the Great Lakes and Saint Lawrence Seaway system stakeholders could be a major beneficiary.
The Port of Montreal has continued its upward momentum, setting a new record for total cargo in 2016 and coming within 1% of matching its container record of nearly 1.5 million TEU in 2015.
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