Amidst the COVID-19 pandemic, Canadian ports, categorized by the federal authorities among essential services, have remained opened for business while taking all the necessary measures to protect the health and safety of their employees.
The last year has been rough for Canada’s agri-food exporters and this year looks every bit as challenging.
Throughout the vast Great Lakes-St. Lawrence Seaway system in the United States and Canada, most ports seek to diversify their customer base by developing new business beyond traditional bulk markets.
With the Brexit reality, Canada is embarking on re-setting trade relations with both the UK and Europe.
After being the country to push hardest on ratification of the revised North American free trade pact, Canada will be the last to actually ratify it.
As 2020 begins, there are no signs that Montreal, Canada’s second biggest port after Vancouver, strategically located deep inland in relation to the industrial heartland of North America, is slowing down in terms of both capacity and cargo expansion.
With Canadian legislators not due back from a winter break until January 27, the chances appear virtually nil that Canada will ratify before February at the earliest the revised North American free trade accord re-named the US-Mexico-Canada Agreement (USMCA) signed on December 10.
The Great Lakes and St. Lawrence Seaway system are on a pace to break last year’s record for the decade but a strong final quarter is needed to set a new mark.
The introduction of HFM [Hands Free Mooring] technology has boosted Seaway efficiency.
This year marks a major milestone for Montreal-based, privately-owned Fednav Limited : the 75th anniversary of its creation in September 1944 by Ernest Pathy, grandfather of current President and CEO Paul Pathy.
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