by Leo Ryan Oct 11, 2023
Federal funding announced for Port of Montreal Contrecoeur project
The Canadian government has announced funding of $150 million for the Port of Montreal’s massive Contrecoeur terminal project whose cost has reportedly ballooned from C$950 million to over C$1.4 billion.
Canada challenging “unfair” US duties imposed on softwood lumber exports
The long-standing lumber dispute between the US and Canada heating up…again
Canada’s Atlantic region targets offshore wind markets
On Canada’s Atlantic Coast, recent initiatives at several ports in combination with international partners are responding to the fast-growing global expansion of offshore wind energy projects to meet both domestic and international demand.
Canada’s West Coast Longshoremen begin strike…on Canada Day
In a job action which will potentially have a significant ripple effect on the Canadian economy and trade with Asia, the union representing 7,400 terminal and port workers in 29 ports in British Columbia walked off their jobs early today for an unspecified duration – coincidentally on Canada’s national holiday.
Major financing and operator decisions coming on Montreal’s big Contrecoeur container project
As the clock ticks away, so do construction costs escalate in a high inflationary environment. Delays on the Contrecoeur project could mean the Port of Montreal will not have the container capacity it wants in place by 2027 to meet expected demand and thereby continue to compete effectively against key U.S. East Ports in a strong expansion mode - buttressed by the Biden Administration’s multi-billion-dollar infrastructure program.
LOGISTEC sees strong outlook following FMT acquisition
The recent acquisition of the Canadian and U.S. terminal business of Fednav Limited has added a major new dimension to the operations of Montreal-based LOGISTEC Corporation that Madeleine Paquin, president, and CEO, regards as a building block to still greater things in the North American marine industry.
Ports in Eastern Canada maintain expansion plans amidst challenging times
Supply chain, capacity and decarbonization are key challenges being addressed.
Canadian breakbulk market poised for new developments
Two significant developments – one already announced and the other to come soon – will have an impact on a bustling breakbulk market in Canada.
Major new building blocks transforming Port of Prince Rupert
Situated in a remote location in northern British Columbia, there appears to be no stopping of the momentum driving the Port of Prince Rupert in recent years.
Canadian pension plans investing in foreign offshore wind projects
In the past few years, Canada’s leading pension plans have been allocating more and more investments abroad to port and other infrastructure projects. One can now add to the list recent forays into offshore wind projects, notably in the United States and Europe.
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