The key word for project cargo operators is “diversification”. Canada’s project sector is diversifying and new opportunities abound for those who can make the necessary adjustments.
In looking at the evolution of the project cargo players in Canada, arguably the operative word for building the present and future is diversification.
Such a strategic market approach, as applied notably by ports and terminal operators, has been a priority on the heels of a severe downturn in the Alberta and world oil industries that has sparked turbulent times. On the other hand, growing opportunities appear to be occurring in the Great Lakes, Central Canada and Atlantic regions, thanks in part to the mushrooming of wind energy farms. The Canadian Wind Energy Association has calculated that in 2015 Canada added 1,506 MW of new wind power capacity through the commissioning of 36 projects.
Last year, Federal Marine Terminals’ project activity ran a wide range from a transformer imported from Korea to the Port of Hamilton, to 96,000 metric tons of coated pipe handled at the Port of Cleveland, to 20 brewery tanks at the Port of Indiana-Burns Harbor.
Michel Tosini, FMT executive vice-president, says, “the overall picture is quieter this year so far. Among other things, Houston is attracting a lot of pipe cargo.
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