Canada’s imports and exports fell slightly last year to respectively C$547 billion and C$521 billion, when much uncertainty prevailed in shipping and global economic trends, but leading Canadian ports on the East Coast managed to either maintain or recover a growth pattern.
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.
As an example of key pieces being exported by water for a high visibility project in North America, it certainly qualifies. In this particular case, the pieces were Canadian-manufactured. The main transportation service provider was McKeil Marine, a leading tug-and-barge operator based in Hamilton, on Lake Ontario. And the project is the giant New York Wheel under construction on Staten Island.
If the restoration of the US infrastructure moves forward, the Great Lakes and Saint Lawrence Seaway system stakeholders could be a major beneficiary.
The Port of Montreal has continued its upward momentum, setting a new record for total cargo in 2016 and coming within 1% of matching its container record of nearly 1.5 million TEU in 2015.
The Port of Montreal’s plans for growth are outlined in an interview with Sylvie Vachon, president and CEO of the Montreal Port Authority (MPA), and Tony Boemi, VP growth and development.
Wolfgang Schoch, managing director of Hapag-Lloyd (Canada) Inc., is not shy about extolling the strategic hub role the Port of Montreal plays in the transatlantic trade of the German shipping line.
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.
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