Cape Breton Launches Container Terminal Bid

press release
Monday, July 09, 2012

The Cape Breton Regional Municipality (CBRM), located in Sydney, Nova Scotia, Canada, today launched a marketing campaign to promote the strategic advantages of developing a container shipping port terminal in Sydney harbor. 

The announcement comes after CBRM recently agreed to purchase approximately 500 acres of greenfield waterfront land for the purpose of building a container terminal that will create jobs and lasting economic benefit for the community of Cape Breton. The regional municipality, second largest in Nova Scotia, will explore the potential of entering a long-term concession agreement with an interested terminal operator.
 
The greenfield site being acquired by CBRM sits on the edge of a newly dredged channel into the Port of Sydney that can accommodate without any restriction the world's largest container vessels. Dredging was completed in January this year with local and federal funding. Dredge spoils have been used to create a 150-acre expansion of the greenfield site directly adjacent to the Port of Sydney channel.
 
The Port of Sydney is North America's easternmost harbor and closest to the Suez Canal. It sits just six miles from the sea buoy marking the Great Circle Route (GCR) from Europe and the Mediterranean, offering considerable strategic advantages for ocean carriers. The Port of Sydney also offers unrestricted double-stack rail access to major inland cargo clusters in the U.S. Midwest along with the potential for network feeder services along the U.S. East Coast.
 
Furthermore, a container terminal development in Sydney offers the most compelling competitive economics in North America, including the lowest cost to build per TEU and the lowest ongoing operating expenses per TEU. All permits have been received for construction and are fully assignable. Labor agreements are in progress with the International Longshoremen's Association, AFL-CIO, (ILA) to ensure Sydney's competitive advantages are realized. Further announcements will be made in the near future as the project develops.
 
CBRM Mayor John W. Morgan said, "For the people and the economy of our region, we are launching this effort with the full support of our community to develop the greenfield site as the future location of an international container terminal. The potential for job creation and long-term economic growth is critical to the future of Cape Breton."
 
-30-

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Location of New Port Expansion Projects: Analysis

When it comes to port development, many governments now favour letting the market decide where expansion should take place, whereas most other transport infrastructure,

GAC North America Passes the Helm to Schensema

GAC says it  has moved Claus Schensema to Houston, Texas, where he will take up the post of Managing Director of GAC North America Logistics. Schensema brings

Intelligent grabbing technology SmartGrip by Liebherr

For the mobile harbour crane range Liebherr has developed an intelligent system which optimises grab filling rates in a self-learning manner. In a comprehensive study,

Container Ships

Location of New Port Expansion Projects: Analysis

When it comes to port development, many governments now favour letting the market decide where expansion should take place, whereas most other transport infrastructure,

Port Metro Vancouver’s Re-opens to Inbound Containers Trucks

Port Metro Vancouver has re-opened its Clark Drive access gate to inbound container trucks destined for the Centerm container terminal. Inbound access had been

Hamburg Süd to Acquire CCNI Liner Service

Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile, and Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG) with headquarters in Hamburg,

Logistics

Location of New Port Expansion Projects: Analysis

When it comes to port development, many governments now favour letting the market decide where expansion should take place, whereas most other transport infrastructure,

GAC North America Passes the Helm to Schensema

GAC says it  has moved Claus Schensema to Houston, Texas, where he will take up the post of Managing Director of GAC North America Logistics. Schensema brings

Port Metro Vancouver’s Re-opens to Inbound Containers Trucks

Port Metro Vancouver has re-opened its Clark Drive access gate to inbound container trucks destined for the Centerm container terminal. Inbound access had been

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0808 sec (12 req/sec)