World-class environmental programs are critical in realizing the port authority’s vision “to be the world’s most sustainable port.” Contributing to a healthy environment in the Vancouver-area gateway is contingent upon promoting and implementing responsible industry practices that support healthy ecosystems and take action on climate change. The port authority’s approach is guided by considering the needs of all stakeholders in the gateway, as it further integrates sustainable practices into all aspects of its operations, while bringing added-value to its customers.
Demonstrating its economic resilience as Canada’s most diversified port, the Port of Vancouver’s volume remained steady at 136 million metric tonnes (MMT), a slight decrease of two per cent during the global economic downturn of 2016. Sectors that experienced declines were mitigated by records set in others. 2017 mid-year statistics reveal record-breaking volumes in containerized and bulk grain sectors, indicating strong growth for Canada’s largest port.
With a highly competitive geographic location, the port has three dedicated container terminals that offer transload, crossdocking, and warehousing facilities. The port boasts one of the lowest total delivered costs for containers destined for Eastern Canada and the American Midwest.
Jean-Philippe Paquin has occupied his new position as of August 14. Holder of an MBA from the University of Columbia (NY), Mr. Paquin graduated with a Bachelor of Civil Engineering degree from Montreal’s École Polytechnique. Previously, Mr. Paquin was a senior advisor in port and logistics development as Ports & Marine Practice Leader with CPCS, an Ottawa-based international consultancy where he has most notably worked on port and logistics privatization projects, master planning and feasibility studies in Canada, Nigeria, Ghana, Liberia, DRC and Tanzania. From 2008 to 2012, he was Director, Strategy at the Port of Montreal, where he was strongly involved in transportation infrastructure and economic development issues. He was also in charge of government relationships at the federal, provincial, metropolitan and municipal level. Previously, he worked for 12 years in strategy consulting, in Paris and Montreal.
Mr. Jocelyn Demers, President of the Corporation of the Port of Valleyfield, Announced that “we are happy that Mr. Paquin has joined our team, and will be able to put his knowledge and understanding of ports and port logistics to good use to the development of our port, to pursue our profitable growth, which has paid numerous dividends for the community, our city and region.”
Initially built to supply raw material for Canadian Electrolytic Zinc (CEZ) and Les Engrais du Saint-Laurent, the Port established itself as a logistic hub for industrial sites in the southwest Montérégie area. The Port is a major service point for the Quebec and Canadian Far North corridor, as the port of origin for transportation of merchandise required by Nunavik and Nunavut communities to sustain their settlements, as well as for the transportation of machinery and equipment for the mining companies in the area during the summer navigation season.
Founded in 1968, the Port handled more than 760,000 tonnes of diversified cargo in 2016, including sulphuric acid, steel, asphalt, bauxite, cement, grain, salt, and general cargo.
Iridium Communications Inc. announced that two key milestones along the path to becoming the second recognized provider of Global Maritime Distress Safety System (GMDSS) services have been reached. During its 98th session this past June, the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) adopted new performance standards for GMDSS equipment and approved amendments to the Safety of Life at Sea (SOLAS) Treaty, which pave the way for Iridium to become a recognized GMDSS service provider. The key remaining step in the approval process is an IMO resolution recognizing Iridium as a certified GMDSS mobile satellite service provider. Iridium expects this will be completed during calendar year 2018, with Iridium GMDSS service to begin in 2020.
Algoma Central Corporation announced its results for the quarter ended June 30, 2017.
Second quarter highlights include:
• Total revenues of $123.9 million, up 25.1 per cent over the same period of 2016.
• Total net earnings more than doubled from $13.3 million to $29.2 million. Net earnings from continuing operation of $15.4 million represented an increase of 21 per cent, compared to $12.7 million for the same period in 2016.