Industry News

Courtney Agencies Ltd. provides a weekly industry news update to its clients.

Please click here to receive this update by email.

 

 

 

 

Customs &
Trade News


January 17, 2018

Seaway wraps up navigation season with strong cargo gains

The St. Lawrence Seaway's 59th navigation season concluded a few days late, on January 11, 2018, with the transit of the Federal Biscay through the St. Lambert Lock in Montreal at 6:08 PM.

Contending with difficult weather conditions in the final two weeks, a handful of ships were delayed by the presence of ice in several locks. Thanks to the dedication of all parties and their unrelenting efforts, the Seaway concluded its 2017 navigation season successfully.

A strong economic growth brought strong gains in a number of cargo sectors, with Seaway tonnage rising by 9% to over 38 million tonnes of cargo.

From iron ore movements stoking both North American as well as Asian steel mills, to shipments of stone, cement and steel that enabled construction activity to keep moving at a brisk pace, the Seaway once again demonstrated its role as a vital binational transportation gateway supporting virtually every sector of the North American economy.

Craig H. Middlebrook, Deputy Administrator of the U.S. Saint Lawrence Seaway Development Corporation said, "The final tonnage results reflect solid gains over 2016, particularly with respect to iron ore shipments and we were pleased to see the strong finish for the year."

"Without a doubt, 2017 was a good business year, and we successfully wrapped up the season thanks to the skill and dedication of our employees. Collectively, we got the job done" said Terence Bowles, President and CEO of the St. Lawrence Seaway Management Corporation (SLSMC).

Source: SLSMC


 

Transport &
Trade News