by Leo Ryan Aug 25, 2014
Canadian maritime trade to benefit from infrastructure expansion
The Canadian government is pursuing what federal transport minister Lisa Raitt called “an aggressive trade agenda” by strengthening marine transportation and in Canada’s infrastructure networks in general.
Eastern Canada ports map growth strategy
As in other regions of the world, cargo patterns at ports in Eastern Canada, from the tip of the Great Lakes to the Atlantic Coast, are determined by prevailing and anticipated economic conditions at home and at leading trading partners. The overall impact remains limited from such geopolitical developments as the deepening crisis between Russia and Ukraine and the intensifying strife in the Middle East.
Atlantic carriers face looming severe fuel regulations
On both sides of the Atlantic, anxiety is rising in the boardrooms of shipping lines transporting containers, bulk and breakbulk to and from North America or between North European ports. They face compliance with tough, costly fuel regulations that will not immediately apply to any other trade lanes.
Atlantic Canada ports increase breakbulk capacity for mega projects
On Canada’s east coast, port officials see current multi-billion dollar mega projects in the region, notably in the energy sector, as a big incentive for developing their breakbulk and project cargo business.
Canadian ports consolidating markets
Smooth flow of shipping 12 months a year is especially vital for the Port of Montreal, a key North American gateway for North Atlantic container operators. And relatively few delays have been reported, with most caused by the unusually heavy ice coverage in the Gulf of St. Lawrence.
Cautious optimism at opening of St. Lawrence Seaway
Marine industry executives were cautiously optimistic when the 56th navigation season of the St. Lawrence Seaway opened on March 28th with the transit of Algoma Central Corporation’s newly built ship, the Algoma Equinox, through Lock 3 of the Welland Canal at St. Catharines, Ontario.
Canadian domestic shipowners air concerns over projected free trade deal with EU
Though they view a planned free trade agreement with the European Union as generally positive for Canada, inland Canadian shipowners have expressed strong concern over the potential impact on maritime feeder services.
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