SHIPPING
The shipping opportunities available in the Strait of Canso are lucrative and comparative. With its close proximity to major markets in North America and Europe, combined with the assets available, it is an attractive hub for shipping operations, presenting an opportunity for investors to tap into a dynamic and growing industry.
The development potential of the Melford Atlantic Gateway Terminal (MAGT) is just one of many opportunities available. It is a joint venture between SSA Marine, Melford International Terminal, and Cyrus Capital Partners, L.P. It is located strategically along the Strait, and holds promise as a future container logistics park, enhancing the region’s capacity for handling containerized cargo and advancing its role as a key maritime hub.
Recent developments such as CN Rail’s acquisition of a stake in the rail track to Point Tupper have further boosted the prospects of the MAGT project. This strategic partnership brings additional expertise and resources to the area, strengthening the infrastructure and connectivity of the terminal and highlighting its potential as a focal point for shipping activities in the region.
With its ice-free access, supportive infrastructure, and growing trade volumes, the Strait of Canso presents a terrific opportunity for investors to participate in the growth and development of the shipping industry, driving economic prosperity and regional growth.
Average sail times from Atlantic Canada to:
| Destination | Nautical Miles | Days |
| Boston, Massachusetts | 764 | 1.6 |
| Newark, New Jersey | 984 | 2.1 |
| Montreal, Quebec | 1,079 | 2.3 |
| Hamilton, Ontario | 1,281 | 2.7 |
| Rotterdam, Netherlands | 3,073 | 6.4 |
| Hamburg, Germany | 3,353 | 7.0 |
| Genoa, Italy | 4,268 | 8.9 |
| Santos, Brazil | 5,971 | 12.5 |
| Mumbai, India | 8,822 | 18.4 |
| Singapore | 10,981 | 19.1 |