By R. Bruce Striegler
It was only a few years ago when many in Canada thought a huge wave of global LNG activity would soon crash over the shores of British Columbia. From an original list of more than 15 proposed multi-billion dollar projects in the Province, only one remains a possibility today. The rich Asian market has been glutted since 2015, following a massive development program across the region which began in 2000. But a policy shift to favour consumption of natural gas in China this year and strong economic growth across Asia has pushed up demand. Several export projects in North America hope for Final Investment Decision (FID) this year, including LNG Canada, a $40 billion, 13 million-tonnes-a-year venture led by Royal Dutch Shell, with PetroChina, Korea Gas Corporation and Japan’s Mitsubishi as partners. The proposed liquefaction plant and marine terminal are planned for Kitimat, B.C. (more…)
By Alex Binkley
Transport Minister Marc Garneau’s order to phase out two classes of tank cars used in transporting crude oil and condensates will complicate the petroleum industry’s logistics challenge but not completely disrupt shipments by rail, which are at record levels.
Brad Herald, Vice-President of Western Canada Operations for the Canadian Association of Petroleum Producers (CAPP), said the earlier than expected retirement of the two older classes of tank cars will be a challenge for the industry as it is struggling to clear as much product as possible. He described management of crude by rail shipments as a continental logistics exercise. In addition to making maximum use of the available tank cars, “we have to make sure there is capacity in the freight yards and on the rail lines to move them.” (more…)
Still a leader on the North Atlantic container market between North America and Europe, the Port of Montreal now trades with the entire world – 140 countries on every continent – while experiencing growing success in new markets.
“Globalization has changed the face of international trade and maritime shipping,” said Sylvie Vachon, President and Chief Executive Officer of the Montreal Port Authority (MPA). “It has led to increased trade among countries and fostered the development of emerging markets. (more…)
After an amazing makeover, the Port of Montreal’s Grand Quay is providing contemporary marine infrastructure and top-notch reception facilities – on par with Montreal’s international reputation – to cruise lines and their guests, as well as magnificent open green spaces where the public can enjoy unique and spectacular views of the St. Lawrence River and the city.
Now more than ever, Montreal is becoming an international gateway for cruise lines, attracting a diverse clientele. The port will have welcomed a record 128,000 passengers and crew members on international and domestic cruises by the time the 2018 season ends on November 2. That is an increase of 10 percent over last year. (more…)
A project that is vital to support the growth of the container market, a cargo-handling sector that generates economic development for Montreal, Quebec and Eastern Canada, has entered a crucial phase.
The Montreal Port Authority (MPA) has proposed the construction of container port terminal on its property at Contrecoeur, located some 40 kilometres downstream from Montreal, in order to handle containerized cargo growth through the port. The terminal would have a maximum annual capacity of 1.15 million TEUs (20-foot equivalent unit containers). (more…)
As an international container hub, the Port of Montreal continues to grow in both size and volume.
Montreal is the second largest container port in Canada, the leading container port in Eastern Canada, and the fifth largest container port on North America’s east coast. It handled an unprecedented 1.54 million TEUs (20-foot equivalent unit containers) in 2017 and is well on its way to breaking that record this year. The number of TEUs moving through the port in the first eight months of 2018 was up 9.5 percent compared with the same period last year.
One in four marine containers handled in Canada moves through the Port of Montreal, which is the container port of Quebec and Ontario and the only container port on the St. Lawrence River. (more…)