The Port Authorities of Montreal, Québec and Trois-Rivières have created a working group to strengthen the St. Lawrence River’s trade corridor in Canada to expedite decarbonisation and aid global supply chains.
The St. Lawrence River is the entry and exit route for a multitude of goods, food and materials traded with the rest of the world.
The three ports combined handle approximately 72.4 million tons of general cargo annually – including containers, non-containerised general cargo, and solid and liquid bulk.
“Global supply chains are being restructured. Shipping lines and import-export stakeholders are looking for the best routes at the best cost and want to accelerate the decarbonisation of maritime transport,” said Martin Imbleau, President and CEO of the Montreal Port Authority.
“More than 80 per cent of trade worldwide is done by ship and the St. Lawrence/Great Lakes axis is Canada’s most important trade corridor,” added Mario Girard, President and CEO of the Québec Port Authority.
“Our infrastructures are vital to our economy, with major importance along the St. Lawrence, but of minor importance when it comes to global supply chains. With this new relationship, we want to develop some of the most sustainable and eco-responsible logistics and supply chains globally and interprovincially.”
The ports further added that their complementary intermodal platforms and shared maritime partners will facilitate this new collaboration.
The working group will explore different solution to improve the competitiveness of the St. Lawrence corridor, such as the connection between the ports and the freight and train transport networks, the exchange of expertise, or the compatibility of technological systems.
The Port of Montreal is further bolstering its position in the St. Lawrence River Valley with the construction of its new Contrecœur Terminal. The Port Authority just announced that a new phase is underway to complete its major expansion project as three bid respondents qualified.