Great Lakes-Seaway Adds $16 Billion to Canadian Economy

press release
Tuesday, October 18, 2011

Cargo shipments to ports on the Great Lakes and St. Lawrence Seaway navigation system generate $34.6 billion of economic activity and 227,000 jobs in Canada and the U.S., according to a new study released today. That breaks down to 98,000 jobs and $15.9 billion in economic activity in Ontario and Quebec.

 

The study, which is the first to reveal the economic value of the entire bi-national Great Lakes-Seaway System and its more than 100 ports, was simultaneously unveiled today by the Canadian St. Lawrence Seaway Management Corporation in Ottawa and by U.S. Deputy Secretary of Transportation John D. Porcari in Washington, D.C.

 

Terence Bowles, President and CEO of the St. Lawrence Seaway Management Corporation, said: “The economic benefits of Great Lakes-Seaway shipping are far-reaching.  Not only is marine shipping creating jobs in Canadian communities, but marine-related industries and employees are contributing significantly to the general prosperity of Canadian society by providing $4.6 billion in personal income. In addition, North American farmers, steel producers, construction firms, food manufacturers and power generators depend on the 164 million metric tons of iron ore, coal, stone, salt, sugar, grain, steel, wind turbines and machinery that are delivered by ships every year to keep their businesses running.”

 

The study, which uses 2010 data, was carried out by respected economic consultants Martin Associates of Lancaster, Pennsylvania and peer reviewed by Dr. John Lawson, Research Associate of the University of British Columbia Centre for Transport Studies. The peer review process in Canada was overseen by Transport Canada.  The full executive summary and study is available at www.marinedelivers.com.

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ClassNK Releases Improved "e-Application"

ClassNK announced the release of an improved "e-Application" system. This improvement was planned based on requests from the users. Therefore, firstly we would

Wärtsilä Propulsion Solution for 3 Tugs

Three large new escort tugs contracted by Norwegian operator Østensjø Rederi, will feature Wärtsilä dual-fuel (DF) engines integrated with a customized gas storage

Russia – Turkey Gas Pipeline Approved

Ankara hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Turkish Minister of Energy and Natural Resources.

Ports

Port of Antwerp Throughput up 4.3%

The port of Antwerp handled 199,012,082 tonnes of freight in 2014, a rise of 4.3% compared with the previous year. The new record that was already announced

Port of Le Havre Calls for EOI for Storage Facility

Port of Le Havre has called Expression of Interest (EOI) for Storage facility for liquid Bulks to be set up inside the port. The Grand Port Maritime du Havre (GPMH),

Libya Returns Fuel Tanker to Rival Government

Libya's recognized government has released a tanker forced to dock at a port under its control after originally banning it from delivering fuel to its rival administration,

Finance

NewLead Holdings Acquire 5 Vessels

NewLead Holdings Ltd. announced today that it recently added five bitumen tanker vessels to its fleet. The Company has expanded its fleet to 10 vessels in less

Port of Antwerp Throughput up 4.3%

The port of Antwerp handled 199,012,082 tonnes of freight in 2014, a rise of 4.3% compared with the previous year. The new record that was already announced

NewLead Expands Fleet to 10 Vessels

NewLead Holdings Ltd. announced that it recently added five bitumen tanker vessels, expanding its fleet to 10 vessels in less than a year while performing on its

Great Lakes

Revisions Proposed for Seaway Practices and Procedures

Under agreement with the U.S. Saint Lawrence Seaway Development Corporation, The St. Lawrence Seaway Management Corporation is proposing to amend the joint Practices

Great Lakes Coal Falls Short in 2014

Despite a nearly 1-million ton increase in coal shipments on the Great Lakes in December, the surge was not enough to enable the trade to outperform 2013, the Lake Carriers’ Association (LCA) said,

Channel Closure for Dead Ship Tow

There will be a dead ship tow of the Dive Support Vessel UNCLE JOHN from the Mobile Sea Buoy to BAE Shipyard starting at approximately 0600 today. The 253 feet long,

 
 
Maritime Contracts Maritime Security Offshore Oil Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.1824 sec (5 req/sec)