PortandTerminal.com, May 30, 2019
It’s been a rough week for the Port of Halifax on Canada’s east coast. There have been two major announcements about massive investments to build competing ports in its backyard.
Halifax, Canada – Two different announcements have been made this week about investments being made in competing ports surrounding the Port of Halifax. Let’s break it down.
1. Port of Quebec
Earlier this week the Port of Québec Announces huge Deal with Hutchison Ports and CN Rail to develop a new $775 Million container terminal.
The agreement stipulates that Hutchison Ports will build the most environmentally and technologically advanced cargo-handling facility in North America. It is a unique opportunity for the Port of Québec’s future container terminal to become one of the terminals with the smallest ecological footprint in the world.
2. Port of Sydney
Yesterday a New York-based investment fund announced that it will provide financial and operational support to the development of a $440 million deep-sea container terminal in Sydney, Nova Scotia, as backers work to attract a container line.
Avaio Capital has agreed to form a joint venture with Sydney Harbor Investment Partners (SHIP) on the 500-acre Novaporte Mega-Terminal Project envisioned to handle vessels with capacities of more than 18,000 TEU. The greenfield project is one of three in Eastern Canada aimed at handling neo-Panamax-sized vessels and even mega-ships. Montreal, Halifax and Port Saint John all handle containers on the coast.
Response by the Port of Halifax
Neither Karen Oldfield, CEO at The Port of Halifax nor Lane Farguson, Head of Marketing replied to our emails asking for their comments on the major Quebec news story yesterday.
An assistant to Mr Farguson though did send us this statement which we have reprinted in full.
The Halifax Port Authority (HPA) is aware of recent developments announced by the Port of Quebec. The Halifax Port Authority will continue to work with partners and stakeholders to create the conditions for continued cargo growth at the Port of Halifax.
The statement went on to highlight the Port of Halifax’s work to build a temporary extension to one of its terminals to allow two ultra-class 10,000 TEU vessels to dock at the port at the same time.
The HPA is working to grow containerized cargo volume by increasing the number of ultra-class vessels over 10,000 TEU calling on Halifax. The South End Container Terminal extension now underway will provide the ability to berth two ultra-class vessels, keeping Halifax competitive as a global port. This project will be completed in early 2020. Planning for a permanent expansion continues and details are available at www.PortCityHfx.ca.
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