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Legislation introduced in Ottawa to ban use of replacement workers

  By Leo Ryan, Editor Canada’s Minister of Labour Seamus O’Regan Jr. today introduced legislation which proposes to ban the use of replacement workers in federally regulated workplaces which include ports during a strike or lockout.  The long-anticipated initiative drew rapid approval from labour union circles and sharp criticism from the Canadian Federation of Independent Business. The

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Astatine Investment Partners acquires McKeil Marine

  Astatine Investment Partners, a leading private equity firm in Greenwich, CT focused on infrastructure investments, has announced that it has acquired McKeil Marine Limited, a Burlington, Ontario-based transportation company, from TorQuest Partners. Financial details of the transaction were not disclosed. Founded in 1956, McKeil is one of Canada’s leading marine transportation and project service

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Port of Toronto drives more than $460 million in economic activity

  Marine cargo handled at the Port of Toronto generated $463.5 million in economic activity and 1,989 jobs in Ontario in 2022, details a new report – Economic Impacts of Marine Shipping in the Port of Toronto – published by Martin Associates. Economic Impacts of Marine Shipping in the Port of Toronto, which uses 2022 data, highlights the economic benefits of the Port of Toronto as a vital part

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Maersk cuts 10,000 jobs amidst plunging shipping demand

  Danish shipping giant A.P. Moller-Maersk has announced plans to cut its workforce by 10,000 employees in face of “worsening market conditions” that have become the “new normal.” The phased reduction into 2024 will bring the global workforce below 100,000 positions. The current global shipping environment is marked by the bursting of the pandemic-fueled bubble. Lower

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