St. Lawrence Seaway cargo volumes slower in September due to late harvests

During the month of September, Seaway volumes were down 18 per cent from year-ago levels, to 3,991 million tonnes. From March 22 to September 30, cargo shipments totaled 24.8 million tonnes, down 6 per cent from 2018. All cargo categories showed lower volumes, except dry bulk, which was up by 7.3 per cent on a year-to-date basis. The figures reflect a combination of factors including the decrease in U.S. grain exports from earlier in the spring and current delays in the Canadian harvest due to the wet field conditions.

Slow harvest progress in Western Canada is delaying the movement of grain to prairie elevators and export terminals on the West Coast and at Thunder Bay. With harvests estimated to be 20 to 30 per cent behind where they would be normally, it is expected there will be more exports late this fall and into December. (more…)

Sydney (N.S.) and Melford still planning to host modern container terminals

By Tom Peters

While there have been no shovels put into the ground yet, developers of the proposed marine container terminals for the Port of Sydney, Cape Breton (Novaporte) and at Melford on the Strait of Canso, continue to work behind the scenes to advance their projects. In both cases, proponents say all they need to start actual construction is to have a major shipping line sign a long-term contract that would guarantee a minimum number of containers to move over the terminals annually. (more…)

Propane export terminal makes historic debut at Prince Rupert

By Keith Norbury

AltaGas Ltd.’s Ridley Island Propane Export Terminal — the first such facility in Canada — is the latest addition to the port of Prince Rupert. The terminal, called RIPET for short, celebrated the export of its first shipment, bound for Asia, on May 23. “The completion of this game-changing project and the shipment of our first cargo are historic milestones for AltaGas, as well as for our project partners, customers, local indigenous peoples, surrounding communities, and western Canada’s upstream energy sector,” said Randy Crawford, President and Chief Executive Officer of AltaGas. “With RIPET now operational, we can offer producers a uniquely complete solution for their propane, providing premium netbacks and market optionality, while also positioning AltaGas to profitably grow our Midstream footprint — a true win-win for AltaGas and our customers.” (more…)

Pointe-aux-Basques: financing of the Sept-Îles terminal and its implications

The planned makeover and reopening of the intermodal Pointe-aux-Basques terminal in the Port of Sept-Îles got a big boost this summer from the governments of Canada and Quebec.

At a groundbreaking ceremony in the port on June 19, senior ministers from both governments announced they would each put up a third of the $20 million the terminal modernization project is expected to cost, matching the contribution of the Port of Sept-Îles.

Work on the terminal is expected to begin in early 2020 and take about a year.

The terminal was closed for repairs in October 2018 and has never reopened. (more…)

Activities surrounding the Port of Sept-Îles Administration’s 20th anniversary

The Port of Sept-Îles has been celebrating the 20th anniversary of the creation of its port authority by holding a number of public activities in 2019 under the theme ’We are your Port, you are our world.”

The most notable events were two days of theme-related activities that were held in and around the port for the local population.

On May 25, for example, the port offered people free access to many of the sites and activities that are enjoyed by cruise ship passengers who visit Sept-Îles.

Dubbed ‘Cruise ship passenger for a day,’ the event featured zodiac boat excursions in the Bay of Sept-Îles and visits to two of the area’s most popular tourist attractions: the Old Trading Post and the regional museum. (more…)

International Energy Outlook 2019 projects nearly 50 per cent increase in world energy usage by 2050, led by growth in Asia

International Energy Outlook 2019 projects nearly 50 per cent increase in world energy usage by 2050, led by growth in Asia

In its International Energy Outlook 2019 (IEO2019), the U.S. Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50 per cent between 2018 and 2050. EIA projects most of this growth will come from regions where the consumption of energy is driven by strong economic growth, particularly in non-OECD Asia. EIA’s annual long-term assessment of world energy markets includes a Reference case and four core side cases, which use different assumptions for the projections in each case. (more…)