Two large Quebec institutional entities in Canada’s French-speaking province have announced that they are taking a minority stake totaling C$112 million, invested in equal amounts, in Ocean Group, a maritime enterprise based in Quebec City specializing in harbor towing, dredging, marine equipment rental, shipbuilding and repair.
While tariffs pinch US lobster exports, Canada corners China crustacean market.
Express Mondor, a privately-owned company specialized in oversized transport based at the small town of Lanoraie on the St. Lawrence River northeast of Montreal, is adding more muscle to its ambitions to capture more business as a niche player on Canadian and U.S. project cargo markets.
In the past few decades, it seems, there has been one complex issue that simply refuses to disappear from the highly substantial commercial relationship between the United States and Canada.
When 2018 began, Canadian port officials were much encouraged by rising cargo trends thanks to firm demand in bulk and general cargo in global trade with Europe, China-led Asia and the United States, by far Canada’s leading commercial partner.
The recent opening of a new North American outpost in Vancouver of an international shipping enterprise marks another milestone in the efforts of the Vancouver International Maritime Centre (VIMC) to bolster the global maritime hub ambitions of Canada’s biggest port city. China Navigation Co (CNCo) has opened its doors at new offices in Vancouver.
Ian Hamilton, President of the Port of Hamilton, home to the largest Canadian steel producer (ArcelorMittal Dofasco), has struck out at punitive import tariff barriers introduced by President Trump that are having a significant economic impact on the Great Lakes region as a whole.
Mention the Midwest, and it does not take long for key Canadian ports and terminal operators on the east and west coasts, along with various transportation providers, to rapidly target the region as a major strategic market in North America.
Mario Girard, President and CEO of the Québec Port Authority (QPA), has announced that Don Krusel, architect of a spectacular transformation of the Port of Prince Rupert, has been appointed managing director of the Port of Québec’s project to build a container terminal.
April marked the start-up of one of the largest heavy-hauling and oversized transportation consortiums in Eastern Canada, with all three partners based in or within close proximity to the St. Lawrence shipping corridor.
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