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Maher Terminals commits to Nova Scotia box facility

2010-07-08

Melford International Terminal (MIT) announced on July 7 that it has signed an agreement with New Jersey-based Maher Terminals under which the latter will become a shareholder and operator of a new, deepwater container terminal at the Strait of Canso. The ambitious facility will target future trade between North America and emerging Asian markets via the Suez Canal.

What will be known as Maher Melford Terminal will connect to key interior markets through intermodal rail service provided by Canadian National Railway.

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Seaway reports cargo rebound

La Voie maritime signale un fort regain des marchandises.

2010-06-22

The St. Lawrence Seaway Management Corporation (SLSMC) has reported that activity related to the steel industry remains buoyant, with shipments of iron ore and steel slabs showing continued strength. Cargo volumes on the Seaway remain almost 20% ahead of the pace set last year.

Total cargo shipments on the Seaway for the period of March 25 to May 31 amounted to 6,888,000 tonnes as compared to 5,840,000 tonnes for the same period last year. Marine carriers have transported 33,000 tonnes of steel slabs as of May 31. This figure stands in stark contrast to steel slab activity last year, in which no slabs were observed in transit.

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Hamilton staging dramatic turnaround

2010-06-30

The Port of Hamilton, whose total cargo plunged by 25% last year to 8.4 million tonnes, is staging a stunning turnaround.

In the period between late March (opening of the St. Lawrence Seaway season) to the end of May, total volume was up 63.6% at 2.25 million tonnes versus the year-earlier 1.37 million tonnes. Vessel calls stood at 137 against 99, close to a 40% jump.

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McCain pushes Jones Act repeal

McCain pousse pour l'abrogation de la Loi de Jones

2010-06-30

Republican senator and former presidential candidate John McCain has introduced legislation to dismantle the 1920 Jones Act, which requires that all goods transported by water between U.S. ports be carried in U.S.-flag ships constructed in American shipyards, owned by U.S. citizens, and crewed by U.S. citizens. Canadian Great Lakes carriers have for decades criticized the Jones Act for hindering free trade.

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Toronto merchant bank buys Maersk entity

2010-06-17

A Toronto-based merchant bank, Rouge River Capital Ltd., announced  it has entered into an agreement with Maersk Canada Inc. to purchase the assets of Bridge Terminal Transport's operations in eastern Canada.. The business has been re-named Seaport Intermodal Inc., with headquarters in Toronto and a branch office in Montreal.

Rouge River Managing Partner Claude Germain has indicated that the merchant bank makes investments on a long-term growth basis.

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