November 4 - Canadian thirsts for alternative green energy production and a refreshing cold beer are drivers of growth in project cargo at the Port of Hamilton, Ontario.
A new study has shown that the inland port, on Lake Ontario, adds some CAD5.9 billion (USD5.8 billion) of economic activity and 38,000 jobs in the province.
Bruce Wood, president and CEO of Hamilton Port Authority, said: "The value of the Port of Hamilton cannot be emphasised enough. The importance of this study highlights the fact that the port is a strong economic driver of the Ontario economy."
As the busiest port on the Great Lakes-Seaway navigation system, the Port of Hamilton plays an integral role in supporting trade between Canada and the US as well as overseas destinations. Significant project cargo volume sees windmill blades and beer vats pass through the port, which is growing rapidly, with 76 new contracts signed in the last few years. Over CAD200 million (USD196.7 million) in new investments have been made at the port.
The full executive summary and study is available at www.marinedelivers.com