An early Prairie harvest sparked an increase in activity in October on the St. Lawrence Seaway as domestic and international carriers helped farmers export grain. “The early fall harvest of grain is helping to improve total cargo numbers for the System,” said Terence Bowles, CEO of The St. Lawrence Seaway Management Corporation. “We expect grain exports to keep the waterway busy during the coming weeks along with continued strength in construction and manufacturing-related cargoes.” Grain shipments (including Canadian and U.S.) from April 2 to October 31 totaled 7.6 million metric tons. While this is down 10 per cent from a record 2014, grain tonnage is still well above the five-year average.
Every year, Canadian Pacific’s Holiday Trains travel through dozens of communities, raising food and cash donations for North American food banks. Again this year, the Holiday Train program is encouraging people attending events to bring heart healthy donations. Heart health education and awareness is a tenet of CP’s community investment program, CP Has Heart, which focuses on improving the heart health of men, women and children in communities across North America.
By Michael Allan McCrae
BHP Billiton recently announced that it had selected Rivtow Marine to operate its entire towage fleet in Port Hedland, Australia. Rivtow Marine, an Australian-based towage operator, displaced publicly-traded Vancouver-based Teekay Marine which had held the contract for over a decade. Over 200 jobs at Teekay could be lost.
By R. Bruce Striegler
Newly-elected Prime Minister Justin Trudeau dropped the news just before he left the country for a series of international conferences. According to the new Prime Minister, there will be no oil tankers plying the waters off the British Columbia north coast. The headlines made environmentalists cheer, but left plenty of unanswered questions. The official statement from Transport Canada in response to queries from Canadian Sailings read, “As part of his mandate letter, the Honourable Marc Garneau (Minister of Transport) has been asked to formalize a moratorium on crude oil tanker traffic on British Columbia’s North Coast, working in collaboration with the Minister of Fisheries, Oceans and the Canadian Coast Guard, the Minister of Natural Resources and the Minister of Environment and Climate Change, and to develop an approach.”
By Alessandro Pasetti
I warned in August, when Maersk announced its second-quarter results that it was too early to celebrate, and three months later it appears that the company’s executive management team has misjudged the market.