CN, Montreal Port Authority (MPA) and the two companies that operate the port’s three key container terminals announced two level of service agreements (LSAs) that will drive a strong focus on supply chain efficiencies. The two agreements – one signed by CN, the Port Authority and Montreal Gateway Terminals Partnership (MGT), which operates the CAST and RACINE terminals, and another signed by CN, the Port Authority and Termont Montreal – complement a framework agreement that CN and MPA reached in September 2010. Under last fall’s agreement, CN and the Port decided to develop a best-practices vision for the gateway’s supply chain, improve productivity, and leverage these gains to increase their share of global container traffic.
Mitsui O.S.K. Lines, Ltd. (MOL) announced that the company has built additional training facilities and cabins on CADET training vessels and started a new onboard intensive training program, called Cadet Actual Deployment for Education with Tutorial (CADET Training).
Montreal-based Fednav Group, owner of Federal Marine Terminals, Inc. (FMT), the leading terminal operator at the port of Cleveland, has delivered three new state-of-the-art vessels to trade on the Great Lakes-Seaway System. MV Federal Satsuki arrived at Federal Marine Terminals from Europe, carrying steel and machinery for the coal mining, automotive, cosmetics, and food industries. After unloading its cargo in Cleveland, the vessel loaded grain in Toledo for export to Northern Europe.
Russia is the second-most important trading partner for Port of Hamburg in terms of seaborne container handling. With a total volume of approx. 675,000 standard containers handled between Hamburg and the Russian ports, the volume of container traffic was up by a further 13.3 per cent in 2012, consolidating the lead in foreign trade with Europe and overseas via Hamburg. This positive trend is also attributable to Russia’s decision to join the World Trade Organization (WTO), resulting in associated simplifications in commercial law as well as the dismantling of trade barriers.
Exports declined by 0.95 per cent in December after a similar decline in November, capping a challenging year for Canada’s international sales.
Exports to the U.S. fell 4 per cent and shipments to the European Union also edged downwards, so the 14.4 per cent gain in exports to emerging markets was just not enough to make up for weakness elsewhere.