by Leo Ryan Dec 07, 2018
CN eyes stake in Halterm container terminal in Halifax
Canadian National Railway is seeking to emulate its success on Canada’s west coast by establishing a bigger beachhead on the east coast by bidding, with an unidentified partner, to acquire a stake in Halterm Container terminal at the Port of Halifax.
Record iron ore shipments from Canadian Arctic to Europe-Asia
Iron ore shipping to world markets from the Canadian Arctic region has recently spiked significantly, responding to demands from steel producers.
Logistec’s Gulf region expansion sparks large revenue increase
Two strategic acquisitions in the U.S. Gulf region, Gulf Stream Marine based in Houston, and Pate Stevedore out of Pensacola significantly expanded Logistec’s marine operations to 61 terminals in 37 ports across Canada and the U.S.
FMT riding higher than expected cargo-handling volumes
During an interview with AJOT, Michel Tosini, executive vice-president of Federal Marine Terminals (FMT) appeared to be trying to catch his breath, and it was not from doing something arduous like running up stairs! No, he was just sparing a few moments like someone navigating through a hectic business schedule.
Big institutional investments in Quebec’s Ocean Group
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.
Trump trade war galvanizes Canadian lobster exports to China
While tariffs pinch US lobster exports, Canada corners China crustacean market.
Acquisition buttresses Express Mondor’s continental heavy haul clout
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.
Canada-US softwood lumber conflict dragging on
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.
Canadian ports navigate through global trade challenges
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.
VIMC plays major role in opening of CNCo Swire office in Vancouver
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.
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