b'CANADIAN BREAKBULK MARKET POISED FOR NEW DEVELOPMENTSBy Leo Ryan, AJOTMarch 2023 | Published in AJOT Issue #751Two significant developmentsone already announced and the other to come soonwill have an impact on a bustling breakbulk market in Canada.Industry watchers will be reviewing with particular attention the contents of the fed-eral 2023 budget to be unveiled in Ottawa on March 28 by Chrystia Freeland, Deputy Prime Minister and Minister of Finance. Until recently, government officials were paying considerable lip service to expanding infrastructure investments and accelerating the green transition of the Canadian economy.How much such objectives retain their importance remains to be seen in light of the ministers latest cautionary message of prudent fiscal restraint. Moreover, many Cana-dian business interests feel that Canada must respond effectively to the bold multi-bil-lion-dollarInflationReductionActrecentlyoutlinedbyPresidentBidenformarkedly boosting low-carbon energy.Otherwise, there seems no holding-back approach to be found in the announcement of Logistec Stevedoring acquiring the Canadian and U.S. marine terminal business of Montre-al-based Fednav Ltd., notably Federal Marine Terminals which for five decades has provided stevedoring, handling, and warehousing services for bulk, containerized, project and general cargo.As part of Logistecs ambitious strategic plan to expand its marine services both geographically and operationally, this acquisition will allow us to gain a footprint in new markets in Canada and the USA, commented Rodney Corrigan, President of Logistec Stevedoring Inc, when the C$105 million acquisition was made public. Our customers will benefit from a large and efficient network, as well as strong expertise from the FMT team, and together, we will continue to offer quality service to contribute to a safe, reli-able supply chain.The project and heavylift market is now again very interesting - Guy Tombs10'