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As St. Lawrence Seaway Reopens, Expect Strong Cargo Volumes

(Eric Atkins – Globe & Mail)

The CWB Marquis is named for an old variety of wheat and owned by a grain company, but the ship will be laden with 29,000 tonnes of iron ore when it makes its first voyage through the Great Lakes-St. Lawrence Seaway Thursday.

The red-and-blue hulled ship, one of two new vessels recently bought by the former Canadian Wheat Board, was to be the first ship on the Seaway in 2015, a start delayed one week by ice throughout the 3,700-kilometre trade route that links North America’s industrial and agricultural core with markets in Europe and Africa.

The ship’s passage marks the start of a season that is expected to see strong cargo volumes, buoyed by resilient economies in the U.S. and Europe and a weak Canadian dollar that is good for exporters, even as shipments of coal and ore fall amid weak prices and declining demand. Click here to read more.