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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (52942)	1/14/2019 9:29:05 AM
From: Goose94	Read Replies (1) of 203353

Canadian National Railway (CNR-T) said it was bidding, alongside an unnamed partner, to buy and expand the Halterm container terminal in the Port of Halifax. CNR chief executive officer J.J. Ruest said at the time, "What we're trying to do here is catch some of these big vessels going into New York." The Port of Halifax, Canada's fourth-largest by container traffic, is ideally positioned to do just that. Halifax lies just off the great circle route from New York to Europe and is 635 nautical miles closer to the key shipping hub of Rotterdam than is its rival. It is also in deep enough water to accommodate the world's largest container ships. However, despite the CNR bid, Halifax's chances of becoming a bigger player in North America's rapidly changing East Coast container business are far from assured. Other Atlantic ports have spent a fortune on upgrades, while Halterm's future has remained in limbo, largely due to politics and competing interests. The terminal can currently handle only one ship at a time and needs a second berth to be competitive. It must also expand its terminal capacity to handle more containers.

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