In a striking move, the Quebec Port Authority has announced plans to build a container terminal at the site of the Beauport 2020 project to significantly boost its role as a key gateway in the Great Lakes/St. Lawrence corridor.
The London-based International Chamber of Shipping has strongly objected to proposed Canadian federal legislation that would “formalize” an informal ban on crude oil tanker traffic off British Columbia’s northern coast, affirming it would interfere with international maritime trade. The ICS represents the world’s national shipowner associations and 80% of the global fleet.
A high-ranking commander of the Canadian Navy has proclaimed the advent of “a new oceanic age” characterized by surging maritime commerce, global power politics, the impact of climate change in the Arctic region, and the challenges for the United States especially of China’s expanding involvement.
Widely praised as a visionary leader, Prince Rupert Port Authority president and CEO Don Krusel has announced his retirement after guiding the remote port in Northern British Columbia for 25 years. He has notably transformed it into arguably the fastest-growing container port in North America, fostering both Canadian and U.S. trade with Asia.
The largest Canadian port has strongly rejected the conclusions of a just-released think tank report recommending that Canada’s four leading ports should be privatized so that several billion dollars in additional funding could be allocated to such other national infrastructure projects as public transit and new highways.
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.