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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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CN/Vancouver supply chain accord

2010-06-08

Canadian National Railway and Port Metro Vancouver have announced a supply chain collaboration agreement to drive additional efficiencies at Canada's largest port and recognize the importance of balanced accountability.

Under the agreement, the port, CN and port stakeholders set a framework of defining, measuring, monitoring and evaluating the performance of each participant against established benchmarks. It also establishes processes to communicate on service-related matters and resolve disputes between the participants on a commercial basis.

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New investment in Montreal box terminal

Nouveaux investissements dans le conteneur à Montréal

2010-06-09

Canada's federal government has announced it will fund half of the $10 million cost of maximizing capacity of the Cast container terminal  at the Port of Montreal. The Montreal Port Authority will cover the remaining costs. "With this third Infrastructure Stimulus Fund investment in the Port of Montreal, we are investing in the economic futures of Montreal, Quebec (province) and Canada," said Denis Lebel, Minister of State for the Economic Development Agency of Canada.

In the past year, the federal government has allocated $14 million in various projects at the Port of Montreal.

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CSL and ECOSPEC forge alliance

CSL et ECOSPEC forgent une alliance

2010-06-02

Canada Steamship Lines has signed a letter of intent with Singapore-based ECOSPEC Marine Technology to develop and install revolutionary CSNOx technology within the Great Lakes fleet.

A joint press release on June 2 evoked CSL's "continuing bid to advance its industry-leading position in environmental stewardship."

The partnership annoncement was made by CSL President Gerry Carter at  Green Marine's Green Tech for Shipping 2010 conference recently held in Montreal.

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