Liberal MPs expressing opposition to proposed Melford Port in Nova Scotia

Canada News News

Liberal MPs expressing opposition to proposed Melford Port in Nova Scotia
Canada Latest News,Canada Headlines
  • 📰 globeandmail
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 92%

Atlantic MPs Wayne Long and Andy Fillmore have sharply criticized the venture in recent days

of about $175-million.

“It’s mind-boggling to think that we would entertain a third port in the region” in addition to Halifax and Saint John, said Wayne Long, a Liberal MP for the riding of Saint John-Rothesay. “I don’t know where one would deem this a good political move,” he told The Globe in an interview. The developer of the port project is Melford International Terminal Inc., a group with directors and officers who include severalbusinessmen as well as Dan Bordessa, vice-chairman of Cyrus Capital Partners, a New York-based hedge fund, according to a corporate filing.

Halifax, which stands to be most affected by Melford, can handle 1.2 million TEUs a year, but only half of that is being used. The ports of Montreal and Saint John also have excess capacity, and all three ports have plans to add more container-handling volumes in the years ahead. In all, there is an estimated 1.3 million TEUs of excess container capacity at the moment at Canada’s major eastern ports.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globeandmail /  🏆 5. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The B.C. port strike is over, but economic impact could last weeks | CBC NewsThe B.C. port strike is over, but economic impact could last weeks | CBC NewsThe British Columbia port strike might be over, but it could take three to five days for supply chains to recover for each day the port was shuttered, the Railway Association of Canada estimates. Some industry experts say it could take even longer.
Read more »

Port Renfrew fishers shocked by sudden chinook salmon cutsPort Renfrew fishers shocked by sudden chinook salmon cutsAnglers will only be allowed to retain one chinook a day. Charter-boat operators worry clients will cancel visits.
Read more »

Last ship leaves Ukraine port ahead of Black Sea grain deal deadlineLast ship leaves Ukraine port ahead of Black Sea grain deal deadlineRussia has not agreed to extend deal allowing Ukrainian grain exports as deal is set to expire on Monday
Read more »

'Pent up logistical nightmare': Ripples of B.C. port strike will be felt in Alberta'Pent up logistical nightmare': Ripples of B.C. port strike will be felt in Alberta'Pent up logistical nightmare': Ripples of B.C. port strike will be felt in Alberta abpoli ableg
Read more »

'Pent up logistical nightmare': Ripples of B.C. port strike will be felt in Alberta'Pent up logistical nightmare': Ripples of B.C. port strike will be felt in Alberta'Pent up logistical nightmare': Ripples of B.C. port strike will be felt in Alberta abpoli
Read more »

Port of Argentia Establishes Transit Route for Wind Energy SectorPort of Argentia Establishes Transit Route for Wind Energy SectorThe Port of Argentia sees its latest venture in the wind energy sector as a major coup for international busin...
Read more »



Render Time: 2025-02-25 16:27:16