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.
Canada’s second largest pension fund and DP World have announced a C$5 billion (US$3.8 billion) joint venture that will invest in ports and terminals around the world, including Asia and Latin America.
A new terminal in the Viau sector of the Port of Montreal inaugurated today, Friday Nov 18, boosts the port’s handling capacity by 350,000 TEUs as Canada’s second largest port after Vancouver positions itself for increased global trade with North Atlantic shipping a key target.
A major corporate leadership change has been announced at Fednav Limited, Canada’s largest ocean-going dry bulk shipowning and chartering group as well as operator of 12 terminals on the Great Lakes, St. Lawrence River and the East and Gulf coasts.
Port Saint John officials have announced a lease agreement with DP World for the operation of its container terminal within the context of the largest private and public sector investment in the New Brunswick port in decades. This means that starting on January 1, 2017, DP World will replace Logistec Corporation, which has been managing the Rodney Container Terminal for 20 years.
As largely anticipated, a legal challenge has been mounted by a broad coalition of U.S. Great Lakes ports, foreign-flag carriers and maritime trade associations in Canada and the United States against the U.S. Coast Guard’s recent decision to dramatically increase Great Lakes. pilotage rates.