Latest news with #JulieGascon
Globe and Mail
07-05-2025
- Business
- Globe and Mail
Annual meeting of the Montreal Port Authority - Results from 2024 operations: at the core of a resilient economy
MONTREAL , /CNW/ - Port of Montreal Authority (MPA) President and CEO Julie Gascon and Board Chair Nathalie Pilon today released the Port of Montreal's 2024 operating results at the MPA's annual meeting, held at the MPA head office. The results show stable volumes compared to 2023, $143 million in operating results and $22 .6 million in net earnings. The year was characterized by several major port infrastructure projects, milestones in the energy transition and many high points in community engagement. Cargo traffic With 35.41 million tonnes of goods handled at the Port of Montreal in 2024, overall tonnage rose slightly by 0.2% compared to the previous year. This result, despite the uncertainty and turbulence faced throughout 2024, including the labour dispute and geopolitical issues around the world, substantiates the resilience of stakeholders in the shipping industry and the Port of Montreal's importance in North America's supply chain. - 12.58 million tonnes of containerized goods were handled, down 3.8% from 2023. In terms of TEUs (twenty-foot equivalent units), this represents 1,464,320 TEUs, a 4.8% decrease over one year. - The liquid bulk sector handled 13.67 million tonnes, a year-on-year dip of 1.5%. - Dry bulk posted a 9.3% upturn to reach 9.16 million tonnes, driven by strong performance in the grain sector. - With 65,136 passengers and crew members across 41 stopovers, the 2024 cruise season dipped by 3% from 2023. Financial results and infrastructure investments Operating revenues were $143 million in 2024 compared with $138 million in 2023, a 3.8% increase. Expenses totalled $129 .5 million, including $94 .1 million excluding amortization. Capital investments for 2024 totalled $74 .8 million. With investment income factored in, net income was $11 million. Accordingly, the Port of Montreal has sound financial results and maintains an excellent Global S&P rating and outlook of AA/negative, reaffirmed in January 2025 . The MPA also maintains a solid debt service coverage ratio. "In a global economic context marked by uncertainty and upheaval, the Montreal Port Authority showed incredible resilience in 2024. With the strength of our model, the commitment of our teams and the diversity of our markets, we stayed the course, strengthened our strategic role in Canadian trade and kept steering toward sustainable growth. Even though 2025 is expected to be a tough year, our sights remain set on the future with promising projects like the Contrecœur expansion and a firm commitment to actively contribute to our country's economic sovereignty." — Julie Gascon , President and CEO, Montreal Port Authority Readying the Port of Montreal's future Among the major projects underway in 2024, the Port of Montreal's Contrecœur expansion project achieved many milestones, including an agreement signed with the consortium Constructeurs Terminal de Contrecœur Grand Projet (CTCGP), formed by Pomerleau and Aecon, to design the in-water works using a collaborative design-build (collaborative DB) approach. Several other initiatives that were launched, such as redeveloping the CanEst terminal, rehabilitating the Pie-IX railway bridge and optimizing the railway network, not only aimed to enhance operational efficiency and safety, but also prepare the Port to meet the demands of a growing market. Lastly, rehabilitation projects, such as repairing Berth 28 and the Grand Quay parking lot as well as modernizing railway equipment and water supply networks, help maintain the facilities' longevity while optimizing their long-term operation. The MPA's Annual Report 2024 can be consulted at: Sustainable development On the environmental front, the Port of Montreal's GHG footprint stood at 3,030 tonnes of Scopes 1 and 2 GHG emissions, down 13% compared to 2023 and 37% since 2007. Initiatives such as shore power, supplying renewable natural, and better energy performance in MPA buildings further advance the MPA's energy transition objectives. The MPA also strengthened its role in the community by supporting 54 community-building projects, finding more ways to connect with residents, and deepening its commitment to First Nations. Also noteworthy, the Port welcomed more than 10,000 visitors during its Port Day and continued to work toward its goal to smoothly integrate with the city by developing the Bickerdike Promenade and taking tangible steps to reduce light pollution and environmental impacts. Over the course of the year, the flagship project in Contrecœur also included reforestation, holding open houses and taking a transparent approach to accountability. The MPA's Summary Report of Achievements in Sustainable Development 2024 can be viewed on our website here. On an even keel for 2025 The year 2025 will be marked by decisive steps in the Port of Montreal's Contrecœur expansion project, which is becoming ever more urgent in the unstable political and economic context caused by the tariff war instigated by the United States . As a lever for Canada's growth and economic sovereignty, over the course of the year this project is heading to its official launch and first shovel in the ground. About the Port of Montreal Operated by the Montreal Port Authority (MPA), the Port of Montreal is the largest container port in Eastern Canada and a diversified transshipment centre that handles all types of goods: containerized and non-containerized cargo, liquid bulk and dry bulk. The only container port in Quebec , it is a destination port served by the largest shipping lines in the world. It is also an intermodal hub with a service offering that is unique in North America , featuring its own rail network directly dockside connected to Canada's two national rail networks. The MPA also operates a Cruise Terminal. The MPA factors economic, social and environmental components into its corporate initiatives. This commitment is governed by a sustainable development policy whose guiding principles focus on involvement, cooperation and accountability. Port activity in Canada supports some 590,000 jobs and generates $93.5 billion in economic activity.
Cision Canada
07-05-2025
- Business
- Cision Canada
Annual meeting of the Montreal Port Authority - Results from 2024 operations: at the core of a resilient economy Français
MONTREAL, May 7, 2025 /CNW/ - Port of Montreal Authority (MPA) President and CEO Julie Gascon and Board Chair Nathalie Pilon today released the Port of Montreal's 2024 operating results at the MPA's annual meeting, held at the MPA head office. The results show stable volumes compared to 2023, $143 million in operating results and $22.6 million in net earnings. The year was characterized by several major port infrastructure projects, milestones in the energy transition and many high points in community engagement. Cargo traffic With 35.41 million tonnes of goods handled at the Port of Montreal in 2024, overall tonnage rose slightly by 0.2% compared to the previous year. This result, despite the uncertainty and turbulence faced throughout 2024, including the labour dispute and geopolitical issues around the world, substantiates the resilience of stakeholders in the shipping industry and the Port of Montreal's importance in North America's supply chain. - 12.58 million tonnes of containerized goods were handled, down 3.8% from 2023. In terms of TEUs (twenty-foot equivalent units), this represents 1,464,320 TEUs, a 4.8% decrease over one year. - The liquid bulk sector handled 13.67 million tonnes, a year-on-year dip of 1.5%. - Dry bulk posted a 9.3% upturn to reach 9.16 million tonnes, driven by strong performance in the grain sector. - With 65,136 passengers and crew members across 41 stopovers, the 2024 cruise season dipped by 3% from 2023. Financial results and infrastructure investments Operating revenues were $143 million in 2024 compared with $138 million in 2023, a 3.8% increase. Expenses totalled $129.5 million, including $94.1 million excluding amortization. Capital investments for 2024 totalled $74.8 million. With investment income factored in, net income was $11 million. Accordingly, the Port of Montreal has sound financial results and maintains an excellent Global S&P rating and outlook of AA/negative, reaffirmed in January 2025. The MPA also maintains a solid debt service coverage ratio. "In a global economic context marked by uncertainty and upheaval, the Montreal Port Authority showed incredible resilience in 2024. With the strength of our model, the commitment of our teams and the diversity of our markets, we stayed the course, strengthened our strategic role in Canadian trade and kept steering toward sustainable growth. Even though 2025 is expected to be a tough year, our sights remain set on the future with promising projects like the Contrecœur expansion and a firm commitment to actively contribute to our country's economic sovereignty." — Julie Gascon, President and CEO, Montreal Port Authority Readying the Port of Montreal's future Among the major projects underway in 2024, the Port of Montreal's Contrecœur expansion project achieved many milestones, including an agreement signed with the consortium Constructeurs Terminal de Contrecœur Grand Projet (CTCGP), formed by Pomerleau and Aecon, to design the in-water works using a collaborative design-build (collaborative DB) approach. Several other initiatives that were launched, such as redeveloping the CanEst terminal, rehabilitating the Pie-IX railway bridge and optimizing the railway network, not only aimed to enhance operational efficiency and safety, but also prepare the Port to meet the demands of a growing market. Lastly, rehabilitation projects, such as repairing Berth 28 and the Grand Quay parking lot as well as modernizing railway equipment and water supply networks, help maintain the facilities' longevity while optimizing their long-term operation. The MPA's Annual Report 2024 can be consulted at: Sustainable development On the environmental front, the Port of Montreal's GHG footprint stood at 3,030 tonnes of Scopes 1 and 2 GHG emissions, down 13% compared to 2023 and 37% since 2007. Initiatives such as shore power, supplying renewable natural, and better energy performance in MPA buildings further advance the MPA's energy transition objectives. The MPA also strengthened its role in the community by supporting 54 community-building projects, finding more ways to connect with residents, and deepening its commitment to First Nations. Also noteworthy, the Port welcomed more than 10,000 visitors during its Port Day and continued to work toward its goal to smoothly integrate with the city by developing the Bickerdike Promenade and taking tangible steps to reduce light pollution and environmental impacts. Over the course of the year, the flagship project in Contrecœur also included reforestation, holding open houses and taking a transparent approach to accountability. The MPA's Summary Report of Achievements in Sustainable Development 2024 can be viewed on our website here. On an even keel for 2025 The year 2025 will be marked by decisive steps in the Port of Montreal's Contrecœur expansion project, which is becoming ever more urgent in the unstable political and economic context caused by the tariff war instigated by the United States. As a lever for Canada's growth and economic sovereignty, over the course of the year this project is heading to its official launch and first shovel in the ground. Operated by the Montreal Port Authority (MPA), the Port of Montreal is the largest container port in Eastern Canada and a diversified transshipment centre that handles all types of goods: containerized and non-containerized cargo, liquid bulk and dry bulk. The only container port in Quebec, it is a destination port served by the largest shipping lines in the world. It is also an intermodal hub with a service offering that is unique in North America, featuring its own rail network directly dockside connected to Canada's two national rail networks. The MPA also operates a Cruise Terminal. The MPA factors economic, social and environmental components into its corporate initiatives. This commitment is governed by a sustainable development policy whose guiding principles focus on involvement, cooperation and accountability. Port activity in Canada supports some 590,000 jobs and generates $93.5 billion in economic activity.
Malaysian Reserve
06-05-2025
- Business
- Malaysian Reserve
Montreal Port Authority annual meeting 2025
MONTREAL, May 6, 2025 /CNW/ – The Montreal Port Authority (MPA) invites media representatives to its annual meeting Wednesday, May 7, 2025, at 1:30 pm. MPA's 2024 annual report will be unveiled. The audited financial results will also be available upon request, as per the Canada Marine Act. WHAT Montreal Port Authority Annual Meeting 2025 WHO Julie Gascon, President and Chief Executive Officer, MPA Nathalie Pilon, Chair of the Board of Directors, MPA WHEN Wednesday, May 7, 2025, at 1:30 pm WHERE Port of Montreal Building Dominic J. Taddeo Room 2100 Pierre-Dupuy Avenue, wing 1 Montreal HOW Prior registration required by email: communications@ SOURCE Montreal Port Authority
Cision Canada
25-04-2025
- Business
- Cision Canada
2025 cruise season launch: Port of Montreal's Grand Quay all set to welcome close to 60,000 passengers and crew members Français
MONTREAL, April 25, 2025 /CNW/ - The Port of Montreal is pleased to announce the official launch of the 2025 cruise season, heralded by the return of Victory Cruise Lines' Victory I. With 58,000 passengers and crew members expected during the season, and tourist attractions spanning the Great Lakes and international destinations, Montreal affirms its position among North America's top cruise destinations. It's also an opportunity to mark the start of high season at the Grand Quai, which offers public spaces and events to the city's citizens and visitors. A great season ahead The 2025 cruise season features 42 operations from 13 cruise lines and 21 different ships, for an estimated total of close to 60,000 passengers and crew members. For the 2025 cruise season, the Port of Montreal highlights the new vessels calling at Montreal for the first time: Seven Seas Splendor (Regent Seven Seas Cruises), Silver Shadow (Silversea Cruises), and Allura (Oceania Cruises). "The Port of Montreal is proud to launch a new cruise season that manifests the vitality of our city and its appeal to cruise lines and travellers from around the world. Beyond the tourism aspect, cruises generate significant economic benefits for the local and regional community. It's also a great opportunity to showcase our river, our expertise and our hospitality," said Julie Gascon, President and CEO of the Port of Montreal. "At Tourisme Montréal, we are proud to see that 97% of cruise passengers are satisfied with their experience in Montréal. Our city continues to establish itself as one of North America's top cruise destinations. Our unique position as a preferred embarkation port for luxury ships brings tangible economic benefits to the city—across accommodations, dining, and cultural experiences. Wishing everyone a great season ahead!" said Yves Lalumière, President and CEO of Tourisme Montréal. Major benefits for Greater Montreal The cruise industry remains an important economic driver and a real asset as a tourism draw for the city. In 2024, the economic impact was estimated at $25 million, not including the contribution of the river excursion sector, which attracted close to 120,000 passengers. Every cruise ship arrival brings direct business to the city's shops, restaurants, and tourist attractions, generating direct and indirect jobs. This momentum also supports local initiatives that promote Montreal's cultural heritage while stimulating the local economy. Victory I: a lasting presence in Montreal To mark the season's first stopover, a commemorative plaque was presented to John Waggoner, owner of Victory Cruise Lines, with Julie Gascon, President and CEO of the Montreal Port Authority, and Captain Geir Lilleeng, master of the Victory I, also attending. The Victory I has a long history with Montreal. The ship first called under the name Saint-Laurent in July 2016 with the Haimark Line. It was then purchased by Victory Cruise Lines and renamed Victory I, before being bought by American Queen Voyages and renamed Ocean Voyager. In 2023, John Waggoner bought both vessels from the cruise line, renamed them Victory I and Victory II, and went back to the corporate name Victory Cruise Lines. Between 2016 and 2024, the two vessels made 35 calls to Montreal, carrying 7,167 passengers (PAX). By scheduling four stopovers this year, Victory Cruise Lines affirms its intent to develop Montreal as a must-see destination on its routes. Launch of the summer season at the Grand Quay The return of warm weather also signals the start of peak season at the Grand Quay. This summer's programming features a lineup of major events. Highlights include C2 Montréal, the Climate Summit in May, SAQ Inspire, Startupfest, the Salon de la Femme noire, and the Martinique Gourmande festival, which tops off the summer season. These events are in addition to the site's outstanding attractions: the green roof, Commencement Square along the river, and the Port of Montreal Tower with its spectacular views of the city and the St. Lawrence River. A unique setting to welcome visitors, residents and cruise passengers all summer long! Click here for the full schedule of cruise ship arrivals and departures at the Port of Montreal About the Port of Montreal Operated by the Montreal Port Authority (MPA), the Port of Montreal is the largest container port in Eastern Canada and a diversified transshipment centre that handles all types of goods: containerized and non-containerized cargo, liquid bulk and dry bulk. The only container port in Quebec, it is a destination port served by the largest shipping lines in the world. It is also an intermodal hub with a service offering that is unique in North America, featuring its own rail network directly dockside connected to Canada's two national rail networks. The MPA also operates a Cruise Terminal. The MPA factors economic, social and environmental components into its corporate initiatives. This commitment is governed by a sustainable development policy whose guiding principles focus on involvement, cooperation and accountability. Port activity in Canada supports some 590,000 jobs and generates $93.5 billion in economic activity. About Tourisme Montréal Founded in 1919, Tourisme Montréal is a private non-profit organization that works to position Montréal as a world-class destination for various leisure and business tourism markets. As such, the organization leads innovative tourist welcome strategies with a twofold objective: ensuring that visitors enjoy a high-quality experience and maximizing the economic benefits of tourism. Now uniting more than 1,000 businesses working directly or indirectly in the tourism industry, Tourisme Montréal plays a leading role in the management and development of Montréal's tourism offer and makes recommendations on issues with regard to the city's economic, urban and cultural development. For more information, please visit SOURCE Montreal Port Authority
Cision Canada
25-04-2025
- Business
- Cision Canada
/R E P E A T -- MEDIA INVITATION: LAUNCH OF THE 2025 CRUISE SEASON AT THE PORT OF MONTREAL/ Français
MONTREAL, April 23, 2025 /CNW/ - The Montreal Port Authority (MPA) will officially launch the cruise season on Friday, April 25, 2025, at the Port of Montreal's Grand Quai, located at 200 de la Commune Street West. The launch will be marked by the arrival of Victory Cruise Lines' Victory I, which will be calling at Montreal. The event will be attended by Julie Gascon, President and CEO of the Port of Montreal, Sylvie Charette, Chief Marketing Officer of Tourisme Montréal, John Waggoner, founder and owner of Victory Cruise Lines, and Geir Lilleeng, captain of the ship. The media are invited to attend a brief ceremony and meet the key players. A commemorative plaque will be presented to John Waggoner to mark the opening of the season. SCHEDULE FOR THE DAY **SHIP TOUR** A passport is required to take part in the ship tour. RSVP required before Thursday morning. Parking will be available at the Grand Quai. Journalists interested in visiting the ship or interviewing the captain are invited to make a request when confirming their attendance. SOURCE Administration portuaire de Montréal
