Maersk’s Med-Montreal Set To Fulfill A Promise As Yet Unrealized — Panjiva
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Maersk’s Med-Montreal Set To Fulfill A Promise As Yet Unrealized

Canada 529 Corp - Ports 909 Corp - Shipping 1026 European Union 878 Mode - Containerized 1524 Mode - Seaborne 1845 Trade Deals 1017

Maersk will launch a new container-line service (“Med-Montreal”) between two Canadian ports and five Mediterranean ports in anticipation of increased trade flows following the CETA trade deal. While trade between Canada and the EU reached $14.5 billion in the 12 months to March 31 the growth potential has yet to be felt. Trade between Canada and the three European countries covered (France, Italy and Spain) fell 3% in the first quarter after increasing by just 2% annually in the past three years due to weak Canadian exports. The service will also help the Port of Montreal, which has alre...

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