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

People & Company News

Voith Turbo Names Calhoun VP of O&G Sales

Shawn Calhoun has joined Voith Turbo’s Power, Oil & Gas Division as Vice President of Sales – Oil and Gas, to be based at the company’s new Houston, Texas office

Ki-tack Lim Elected as IMO Secretary General

Ki-tack Lim from the Republic of Korea has been elected as the new Secretary General of the International Maritime Organization (IMO), with effect from January 1,

Ocean Safety Inks Rescue Boat Distributor Deal

Ocean Safety, a company in the worldwide supply, distribution, service and hire of marine safety equipment, announced its appointment as sales and service agents

Ports

Fuel Pipe Leak at Port of Prince Rupert

Seepage from disused fuel pipe contained on Prince Rupert industrial waterfront   Efforts are underway at Prince Rupert’s industrial waterfront to stop a slow leak from an abandoned fuel pipe,

Activists Planning Protest Against Shell's Arctic Business

U.S. environmental activists said they planned to protest on Tuesday against the launch of the second of two oil rigs central to Shell's plans to drill for oil in the Arctic.

Protests Shut Channel Tunnel Again

The Channel Tunnel closed again on Tuesday due to protesting MyFerryLink workers, its operator Eurotunnel and French traffic supervision body Bison Fute said. The

Finance

S. African Competition Watchdog Fines Japanese Shipping Firm

South Africa's competition watchdog has recommended Japanese shipping firm Nippon Yusen Kabushiki Kaisha Ltd (NYK) pay a 104 million rand ($8.5 million) penalty

Activists Planning Protest Against Shell's Arctic Business

U.S. environmental activists said they planned to protest on Tuesday against the launch of the second of two oil rigs central to Shell's plans to drill for oil in the Arctic.

Protests Shut Channel Tunnel Again

The Channel Tunnel closed again on Tuesday due to protesting MyFerryLink workers, its operator Eurotunnel and French traffic supervision body Bison Fute said. The

Great Lakes

LCA Sees Progress on Great Lakes Issues

Prospects for ending the dredging crisis and resolving other pressing issues on the Great Lakes are the best in 12 years according to Lake Carriers’ Association (LCA),

Best May for U.S.-Flag Lakers in 7 Years

U.S.-flag Great Lakes freighters (lakers) moved 10.8 million tons of dry-bulk cargo in May, their highest total for that month since 2008.  The surge is at least

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.2738 sec (4 req/sec)