Melford Terminals project secures fresh funding from SSA Marine

Chamber of Shipping > Blog > News > Local > Melford Terminals project secures fresh funding from SSA Marine

A $350 million container terminal project on the Strait of Canso received a boost through a partnership with SSA Marine and Cyprus Capital Partners. The terminal would be the closest North American port for ships from Europe and Asia, accommodating large container vessels for shipment across the East Coast of Canada and the U.S. SSA Marine stepped in as the operating partner after Maher Terminals exited the project. The terminal’s construction is well-prepared, with land acquisition and permits secured. Private funds have been invested, and no public funds have been used. The next step is to secure a carrier commitment for cargo services, and the partnership with SSA Marine gives access to the relationships with leading steamship lines.

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