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 outlook has improved significantly on the St. Lawrence Seaway system of locks and channels that allows ocean carriers to penetrate deep into the industrial heartland of Canada and the United States. Last year was the worst in many years, with total shipments falling by 3.4% to 35 million metric tons. But there was evidence of recovery in the last few months of 2016.
The mounting toll of right whale deaths this summer on the East Coast plus the decline of the endangered killer whales, or orcas, on the West Coast have spurred various maritime industry and government initiatives in Canada and the United States. The impacts of commercial shipping and fishing are under the microscope.
With Canada’s economy growing, the nation’s ports are expanding to keep pace.
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.
US-Canada dairy dispute brings NAFTA to the fore.
The conversion of the port’s original breakbulk facility, Fairview Terminal, into a major container terminal in 2007 resulted in the loss of some of Prince Rupert’s breakbulk and general cargo. The deepwater port in northern British Columbia has subsequently emerged as arguably the fast-growing container port in North America, capturing mounting Asian trade with the West Coast.
With continued strong growth anticipated in maritime trade with Asia, Canadian ports in British Columbia on Canada’s West Coast are jockeying for position to increase market share. Various projects are underway or on the radar screen for capacity expansions in such key sectors as container and breakbulk facilities.
With carrier consolidations and alliances heralding still-larger containerships coming to the East Coast of North America, the Port of Halifax has entered the fray in a serious way amidst rival bids in recent years for a mega terminal in Nova Scotia.
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