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  • 2017 May 7 11:02

    Montreal Port continues to grow and to carry out major projects

    As part of the annual meeting of the Montreal Port Authority (MPA), Sylvie Vachon, President and CEO of the MPA, presented its 2016 year-end results. Under the theme “Broadening our Horizons,” the 2016 annual report shows how the MPA was able to stand out on several fronts, from its results and the successful completion of major projects to greater visibility on the international scene and many substantial actions in the field of sustainable development.
    Ms. Vachon summed up 2016 as follows: “Innovation, major projects and ongoing market diversification are some of the key elements that enable us to maintain our role as an efficient hub of global trade. Our 2016 results speak for themselves in all of these respects.”

    Again this year, the Port of Montreal received a record volume of goods, 35.4 million tonnes, up 10.4% compared to last year despite weak economic growth. More specifically, the container market remained stable, with 13.1 million tonnes of containerized cargo handled at the Port of Montreal. In addition, it celebrated the 50th anniversary of the first containers arriving at its facilities. Also noteworthy, it is the largest container port in Eastern Canada and the only such port on the St. Lawrence River.

    Liquid bulk enjoyed a 37.4% upswing over 2015, with 13.7 million tonnes handled. At 8.4 million tonnes, there was a dip in dry bulk such as the grain, sugar and iron ore that transited through the Port, down 3.7% from 2015.

    On the cruise front, last year at its alternative cruise terminal, the Port of Montreal welcomed close to 86,000 passengers and crew members. This slight decrease compared to 2015 was mainly due to the shutdown of a cruise line. In 2017, at its new cruise terminal, the Port of Montreal expects to welcome about 110,000 passengers and crew members, a record cruise season.

    Regarding financial results, operating revenues reached $106.7 million, up 4%, while expenses were limited to $84.1 million, a mere 0.9% over the previous year. Accordingly, taking into account financial products, we achieved net earnings of $23.5 million, which will be reinvested in Port infrastructures and projects.
    On November 18, 2016, the Port of Montreal and its partners inaugurated the new Viau international container terminal that, when completed, will bring the Port of Montreal’s total handling capacity to 2.1 million TEUs in Montreal. The Government of Canada, Termont Montreal and the MPA invested to improve these Port infrastructures.

    The rehabilitation of Alexandra Pier and the cruise terminal continued in 2016. The MPA will be front and centre in the festivities for Montreal’s 375th anniversary, as the terminal will be up and running to welcome the cruise ships that call at the Port in 2017. The works will continue through the summer to finish developing the public space. The Government of Quebec, the City of Montreal and the MPA contributed financially to this project.

    Other major projects were carried out during the year: development of the Boucherville Street truck entrance; ongoing implementation of the electronic navigation system; and the launch of a Web application for truck drivers to improve traffic flow and mobility on Port territory.

    Ever attentive to maintaining harmonious relations with its neighbours, the MPA continues to invest in the community, mainly through its community investment policy and by organizing Port in the City Day.

    At the annual meeting, the new Chair of the Board, Marie-Claude Boisvert, was introduced. She will succeed Anik Trudel, who is leaving on June 17 after nine years as a Board member, the maximum term allowed under the Canada Marine Act. Ms. Vachon thanked Ms. Trudel for her contribution and dedication to the MPA Board of Directors.
    About the Port of Montreal

    Operated by the Montreal Port Authority (MPA), the Port of Montreal is the second largest port in Canada and a diversified transshipment centre that handles all types of goods: containerized and non-containerized cargo, liquid bulk and dry bulk. It is a leading container port served by the largest container shipping lines in the world.

    The Port of Montreal has its own rail network directly dockside. It is connected to the two national rail networks and a highway system. The Port operates a passenger terminal. All other terminals are run by private stevedoring firms. Port activity supports 16,000 jobs and generates $2.1 billion in economic benefits annually.

2022 May 20

18:15 Inland ports urge the true completion of the European Network
18:00 IAA PortNews’ summary of past week news
17:37 Port Kolomna holds keel-laying of Moskovsky-703 dredger, Project 4395
16:56 Gazpromneft Marine Bunker prolongs contract on operation of terminal in Saint-Petersburg port till 2027
16:05 Blue Tern to support jacket installation campaign on Neart na Goithe
15:51 RUSCON sent cargo to China via inland terminal in Nakhodka
15:29 DNV certifies first training platform provider Seably
14:24 USC is in talks with potential customers on construction of container ships
14:02 Port of Savannah moves nearly 500K TEUs in April 2022
13:59 RF Navy to take delivery of 20 warships in 2022 – Vice Prime Minister Yury Borisov
13:18 MOL holds joint public-private anti-piracy drill with LNG carrier 'LNG MARS'
12:54 Daewoo Shipbuilding сancels LNG сarrier order linked to Sovcomflot - The Maritime Executive
12:43 USC set to start serial production of components for ship propulsion units in 2024-2025
12:41 Russian oil producers start to book up an increasing number of tankers owned by Sovcomflot - Bloomberg
12:24 Corvus Energy sets up US battery factory to meet market demand for hybrid and zero-emission vessels
12:14 Wärtsilä extends leadership in hybrid vessel segment
11:52 GTT receives an order from Hyundai Samho Heavy Industries for the tank design of a new LNG carrier
10:55 Havyard Group ASA and HG Group AS merge to create a leading service provider
10:00 USC head forecasts increase of orders from defense industry
09:19 Crude oil futures decrease on possible rise of supplies to China
08:56 MABUX: Irregular changes to prevail in Global bunker market on May 20

2022 May 19

18:06 Valenciaport detects in April a decline in Spanish export activity
17:48 Border checkpoint opened at Ultramar terminal in Ust-Luga seaport
17:26 CIMC Raffles delivered the first of two record-breaking ships to Wallenius Sol
17:15 ClassNK certifies NAPA Fleet Intelligence and NAPA Performance Monitoring and Optimization, and adds new notations to ships
16:41 New zero-emission Côte d’Ivoire Terminal receives first port equipment
16:12 PortsToronto releases 2021 Audited Financial Statements
16:05 “K” Line Group’s Yokohama Daikoku C-4 Terminal starts operation utilizing renewable energy
15:38 OTEKO obtains ISO 9001 certificate for handling of dry bulk cargo
15:06 Port of Salalah commissions new equipment to increase efficiency and meet demand
14:13 The first ship equipped to utilize future fairway services tested at Port of Kokkola
13:49 Vladivostok Fish Terminal puts into operation refrigerating facility of 7,000 tonnes in capacity
13:02 Wärtsilä completes delivery of 15 LPG fuel supply systems
12:28 Development of programme for Ship Repair, Modernization and Components conference is underway
12:07 MABUX: Bunker Weekly Outlook, Week 20, 2022
12:03 Long-term rates for reefer containers on the key US West Coast to Far East route up 60% in April - Xeneta
11:50 H2-Industries set to clear the oceans of plastic waste and produce clean fuel from innovative ship design
11:32 EU policymakers still need more ambitious green measures - Danish Shipping
11:11 PortNews issues its annual analytical report “Civil Shipbuilding in Russia”
11:03 Ports Long Beach and Los Angeles give update on Clean Air Action Plan
10:36 Global Ship Lease announces new forward charter agreement
09:56 RS developed requirements on usage of alternative fuels
09:53 ZIM reports record financial results for Q1 2022
09:29 Russian oil exports in January-April 2022 declined by 0.6% to 66.3 million tonnes
09:13 Crude oil futures rise on US reserves reduction statistics
08:58 MABUX: Bunker prices may continue downward changes on May 19

2022 May 18

18:35 Jotun's new tool to forecast carbon intensity of vessel operations
17:56 Gasum considers that natural gas imports from Russia could end this week
17:20 RF Government to extend setting of quotas for exports of mineral fertilizers till December 2022
17:06 Port of Antwerp-Bruges & CMB.TECH prepare the first hydrogen-powered tugboat
16:18 Port of Hamburg container throughput up 1.8 percent to 2.2 million TEU in Q1 2022
16:05 Port Houston container volume up 21% to 334,493 TEUs in April 2022
15:18 EU regulators must recalibrate EU ETS reform to ensure shipping industry is green by 2050 - WSC
15:11 Container throughput of Russian ports in 4M’2022 totaled 1.7 million TEUs, down 5.4% YoY
14:48 Throughput of Russian seaports in 4M’2022 rose by 0.1% YoY
14:32 Fluxys and Gasunie join forces to connect Belgian and Dutch hydrogen networks at North Sea Port
14:13 UAE to build LNG plant to double its export capacity - Bloomberg
14:02 Bureau Veritas and Climate Neutral Commodity join forces
13:44 Subsidies for construction of crab catchers at Far East shipyards to be raised from 20% to 28%
13:23 ECSA welcomes European Parliament’s decisive vote on commercial operators and Ocean Fund