Tehran Times reported that Abbasali Kadkhodaei, spokesperson for Iran’s Guardian Council accused Canada of “economic terrorism” and called for retaliation. “Economic terrorism is a method in which Western governments seize or confiscate other nations’ economic resources and interests through misusing legal tools without fair legal procedures,” Kadkhodaei tweeted, Tasnim reported. “Canada’s seizure of Iranian state properties is a blatant example of state-run economic terrorism,” remarked Kadkhodaei, a law expert. “Canada’s action is contrary to generally recognized principles of international law, including the principle of sovereignty,” the Guardian Council spokesman added. He called on Iran’s Judiciary to take countermeasures against the Canadian government. (more…)
August proved to be a strong month for Great Lakes-Seaway shipping led by grain exports, iron ore, road salt and construction materials. However, despite the busy August, St. Lawrence Seaway cargo tonnage from March 22 to August 31 totaled 20.9 million tonnes, down 3.5 per cent from last year.
“For the most part, Canadian grain volumes have been in line with 2018 and we expect that trend will continue in the fall as the new harvests come to market while iron ore exports should remain strong,” said Terence Bowles, President and CEO of The St. Lawrence Seaway Management Corporation. “The Seaway is also attracting more international salt imports – cargo that in the past typically came through the Gulf Coast. This business has helped offset decreases in steel imports, which have been crimped by the imposition of tariffs”. (more…)
The Association of Canadian Port Authorities (ACPA) has announced that Jim Quinn, President and CEO of Port Saint John has been appointed as Chair, effective September 11, 2019.
“I am honored to have the opportunity to assume the role Chair of the ACPA Board of Directors at this critical time in the evolution of Canada’s ports,” says Mr. Quinn. “Under the leadership of my predecessor, Donna Taylor, we made tremendous progress over the past year working with our members and partners on important initiatives like the Ports Modernization Review. With critical issues such as digitalization, security and sustainability on the policy agenda, I am eager to work with my port colleagues to consolidate our position and move forward with a plan that will advance Canada’s ports as an economic enabler for all Canadians.” (more…)
CN has signed an agreement to acquire the Massena rail line from CSX, which represents more than 220 miles of track between Valleyfield (Quebec), in Canada, and Woodard (New York), in the U.S. The Massena line also serves many cities in the province of Quebec, including Beauharnois and Huntingdon, and in the state of New York, including Massena, Norwood, Potsdam, and Gouverneur. (more…)
The federal government announced financial contributions totalling over $153.7 million through its National Trade Corridors Fund (NTCF) to support three separate trade infrastructure projects to facilitate growth at Prince Rupert Port Authority.
The Port’s activity is expected to grow from 26.7 million tonnes of cargo in 2018 to over 50 million tonnes within the next decade. The Port’s continued growth represents an increase in Canadian trade and economic development, and continued participation of local First Nations in the region’s gateway economy. (more…)
Termont Montreal has announced that, following a 2018 pilot project that demonstrated the effectiveness of the technology, it will be transforming its entire fleet of 57 terminal tractors into hybrid vehicles with Effenco’s revolutionary Active Stop-StartTM technology for heavy-duty vocational vehicles, and in so doing, will reduce the port’s impact on the environment and, specifically, improve air quality. (more…)