Quebec seeks to become ‘mega-hub of transatlantic trade.’
Strategically located at an inland gateway with excellent intermodal connections to substantial markets in Canada and the United States, Montreal Gateway Terminals has entered a new era under changed ownership.
Carriers closely involved in the Great Lakes/St. Lawrence waterway are hoping for more of the same in 2015 after benefiting from a stronger trend in commercial shipping activity in 2014.
On the container shipping scene, in particular, at Canada’s east coast ports, Montreal clearly has the wind in its sails, Halifax is soldiering on to capitalize on its deep waters, and Saint John is seeking to bolster its status as a relatively small player by pitching for significant capacity expansion to accommodate larger vessels.
The Quebec government that came to power last spring is proceeding with an unprecedented plan to soon unveil a maritime strategy blueprint seeking to transform the St. Lawrence River into a competitive gateway of choice for continental logistics and for trans-Atlantic trade in the coming years. A June launch date has been announced.
Carriers closely involved in the Great Lakes/St. Lawrence waterway are hoping for more of the same in 2015 after benefiting from a stronger trend in commercial shipping activity in 2014.
As it continues to expand the capacity of its extensive terminal operations in North America, Logistec Corporation appears to be heading for a record year in total revenue.
The Canadian government is pursuing what federal transport minister Lisa Raitt called “an aggressive trade agenda” by strengthening marine transportation and in Canada’s infrastructure networks in general.
As in other regions of the world, cargo patterns at ports in Eastern Canada, from the tip of the Great Lakes to the Atlantic Coast, are determined by prevailing and anticipated economic conditions at home and at leading trading partners. The overall impact remains limited from such geopolitical developments as the deepening crisis between Russia and Ukraine and the intensifying strife in the Middle East.
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