DOCSLIB.ORG

Economic Outlook 2011 - 2021

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Economic Outlook 2011 - 2021 NNoovvaa SSccoottiiaa Demographic - Economic Outlook 2011 - 2021 Prepared For: Prepared By: Canmac Economics Limited April, 2012 Nova Scotia Demographic - Economic Outlook 2011 - 2021 SECTION 1 - NOVA SCOTIA TRADING PARTNERS GLOBAL ECONOMIC ENVIRONMENT The Global economy continued to exhibit a fragile recovery in 2011 – with rescue plans for Greece and worries about Spanish banks adding to an uncertain recovery. Table 1.1 provides the latest World Bank Global Outlook (January, 2012). Overall world growth is expected to reach 2.5 percent in 2012 and 3.1 percent in 2013. Thereafter one can expect the next three years to exhibit growth in the 3.5 percent to 4.0 percent range as the world economy moves from recovery to the normal phase of the business cycle. Table 1.1 The Global Outlook Summary Real GDP growth 2009 2010 2011e 2012f 2013f World -2.3 4.1 2.7 2.5 3.1 Memo item: World (PPP weights) -0.9 5.0 3.7 3.4 4.0 High income -3.7 3.0 1.6 1.4 2.0 Euro Area -4.2 1.7 1.6 -0.3 1.1 Japan -5.5 4.5 -0.9 1.9 1.6 United States -3.5 3.0 1.7 2.2 2.4 Developing Countries 2.0 7.3 6.0 5.4 6.0 East Asia and Pacific 7.5 9.7 8.2 7.8 7.8 Europe and Central Asia -6.5 5.2 5.3 3.2 4.0 Latin America and Caribbean -2.0 6.0 4.2 3.6 4.2 Middle East and N. Africa 4.0 3.6 1.7 2.3 3.2 South Asia 6.1 9.1 6.6 5.8 7.1 Sun-Saharan Africa 2.0 4.8 4.9 5.3 5.6 Source: World Bank. Notes: PPP = purchasing power parity, e = estimate, f = forecast. 2 Nova Scotia Demographic - Economic Outlook 2011 - 2021 Both the U.S. and Canadian economy are showing signs of revival from the recent recessionary period. The main forecast risk moving forward is for a high inflationary period followed by high interest rates to curb inflation. To date the U.S. and Canadian monetary policy authorities have been very accommodating. The following assumptions are used in Canmac’s econometric simulation model to project Nova Scotia’s economic outlook. 2011 2012 2013 2014 2015 -2021 Canadian GDP % Growth 2.5 2.6 2.6 3.1 3.1 US GDP % Growth (2002 $billions) 1.7 2.2 2.4 3.1 3.1 3 Nova Scotia Demographic - Economic Outlook 2011 - 2021 SECTION 2 - NOVA SCOTIA OUTLOOK GEARING UP FOR PROSPERITY In 2010, the Nova Scotia economy stood at 945,000 persons. The economy had an economic output (Real GDP millions of $2002) of $29,951 and employed 452 thousand persons. The inflation rate was 2.2 percent and the unemployment rate was 9.3 percent. Historically, the Nova Scotia economy has underperformed relative to the Canadian economy. Charts 2.1 to 2.3 show that Nova Scotia’s average GDP growth has been 1.3 percent compared to the average of all Canadian provinces of 1.5 percent. Nova Scotia’s personal disposable income per capita in 2010 was $27,308 compared to the all province average of $28,828. Finally, the province’s unemployment rate was 9.3 percent compared to the all province average of 8.6 percent. 4 Nova Scotia Demographic - Economic Outlook 2011 - 2021 By 2021, Canmac projects that: • the economy will grow to 34,522 ($2002 millions); • the labour force will be 469.5 persons; • the inflation rate will be 2.5 percent, and • the unemployment rate will be 2.1 percent. STRATEGIC DRIVERS ON THE DEMAND SIDE – TRADITIONAL MARKETS Nova Scotia’s future economic success, like all small open economies, depends on the success of its export markets. It is export markets that drive provincial prosperity by earning income outside the province’s boundaries that are then respent in the domestic market. Figure 2.1 shows the province’s exports disaggregated into exports to Canada and international exports. The rest of Canada is a slightly more important market for Nova Scotia than the rest of the world with 53.8 percent of total exports. Exports to the rest of Canada is dominated by service exports (78.2 percent of total service exports) whereas international exports have 58.8 percent of total goods exports. In addition to the official exports, it should be mentioned that Nova Scotia has a high concentration of defence related establishments. Nova Scotia has approximately 40 percent of all Canadian military assets. Hence, Nova Scotia is also a high ‘exporter’ of defence services to the rest of Canada. Employment in this sector totaled over 10,000 in 2010 (military personnel only). 5 Nova Scotia Demographic - Economic Outlook 2011 - 2021 STRATEGIC DRIVER ON DEMAND SIDE - LARGE SCALE PROJECTS Over the medium to long term, the Nova Scotia economy is poised for a major surge as its traditional ‘export’ markets receive a major boost from large projects. There are many exciting developments gathering momentum in the Nova Scotia economy. Some of the major projects are: 1) The $960 million Deep Panuke natural gas field is about to start production. 2) A $25 billion Irving Shipyard federal shipbuilding contract is in the planning stages. 3) A successful Shell bid of $971 million for offshore oil exploration rights was completed – the largest bid of its kind ever seen in Atlantic Canada. 4) A joint venture between the Nova Scotia and Newfoundland and Labrador governments to develop a hydro project on the lower sector of the Churchill River in Labrador will help boost investment and provide jobs for Nova Scotians between 2013-16. The $6.2 billion Lower Churchill Power Project includes a 180-kilometre, subsea transmission cable costing $1.2 billion that will bring hydro electricity to Cape Breton, Nova Scotia. The total amount of new projects is impressive. Currently on the province’s books are major projects (over $300 million) in the following categories: • Shipbuilding, Energy, Oil & Gas Exploration and Development – $27.5+ billion. • Residential Development - $3.5+ billion. • Infrastructure and Education - $0.9+ billion. In addition, there are other major projects (over $300 million) either nearing approval or under active consideration. These include: • Energy Related - $2.4+ billion. • Infrastructure and residential - $2.2+ billion. Appendix A provides a more detailed listing of these projects. 6 Nova Scotia Demographic - Economic Outlook 2011 - 2021 LARGE PROJECT ECONOMIC IMPACTS The potential economic impacts of these large capital projects will have a significant positive impact on Nova Scotia in the coming years. The Deep Panuke natural gas project is scheduled to come on stream in 2012 and provide direct employment of 200 workers and pump $150 million per year into the economy. The Shell exploration project will provide direct employment during the exploration phase but the real payoff will come with the potential development of further oil and gas in the offshore. The Lower Churchill project is expected to provide over 1,200 jobs to the Nova Scotia economy during the construction phase. The major economic impact for the Nova Scotia economy will be the construction of Canada’s combat vessels at the Irving Shipyard in Halifax. ECONOMIC IMPACT – IRVING SHIPBUILDING CONTRACT An economic impact assessment of the $25 billion Irving Shipyard contract was completed by the Conference Board of Canada as part of the Irving Shipyard bid proposal. Chart 2.4 shows Nova Scotia real GDP emanating from the contract. As shown in the figure, output increases beginning in 2012 at $344 million greater than would be the case without the contract. Thereafter output increases steadily to a maximum of almost $1 billion ($977) in 2021 and stays over $800 million 7 Nova Scotia Demographic - Economic Outlook 2011 - 2021 until the conclusion of the project in 2030. This output change is due to three effects, 1) the direct project expenditures (less imports), 2) the respending of the project expenditures on local suppliers, and 3) the respending by households in Nova Scotia on Nova Scotia goods and services. In 2010, Nova Scotia’s real GDP was $29,951 million (2002$). It’s growth from 2010 was 1.91 percent. To a first approximation, a 1 percent increase in Nova Scotia real GDP implies a growth of $300 million (2002$). In 2012, the shipyard project will increase GDP growth by 1.14 percent over and above that expected by forecasters before the project award. This represents an almost doubling of the provincial forecast by what was expected before the contract award. Total employment increases resulting from the shipyard project are provided in Chart 2.5. Employment will increase from 4,423 in 2012 and peak at 11,495 in 2020. Table 2.1 shows the distribution of total employment in 2020. As expected, manufacturing has the majority of employment opportunities. Interpretation of the Conference Board’s impacts suggests that a major portion of employment opportunities will come not from the existing resident labour force but new additions to the labour force (which occurs by decreasing out migration or by in migration). 8 Nova Scotia Demographic - Economic Outlook 2011 - 2021 Table 2.1 – Irving Shipyard Contract Nova Scotia Distribution of Total Employment 2020 Industry Distribution Total employment 11,495 Agriculture & other primary sector 34 Manufacturing 7,397 Construction 353 Utilities 50 Transportation & warehousing 127 Wholesale and retail trade 1,171 Finance, insurance and real estate 240 Other commercial service industries 2,040 Public administration & defence 84 Unemployment -5,095 Source: Conference Board of Canada STRATEGIC DRIVER ON THE DEMAND SIDE – FEDERAL GOVERNMENT TRANSFERS The other key demand driver for the Nova Scotia economy is federal government transfers.
Load more

Recommended publications
  • Team Effort at IPP • Working on the Largest Building in NB • • Alt Hotel • Shipping Steel to Texas (Then Peru) • Recognition Dinner • Pg.6 Pg.19 Pg.31
    fall & winter 2013 The biannual newsmagazine of t he OSCO Construction Group OSCO construction group • Team Effort at IPP • Working on the Largest Building in NB • • Alt Hotel • Shipping Steel to Texas (then Peru) • Recognition Dinner • pg.6 pg.19 pg.31 What’s Inside... fall & winter 2013 3 Message from the President 30 Harbour Bridge Refurbishment, Saint John, NB priorities profiles 31 Group Safety News 21 Customer Profile: Erland Construction 32 OSCO Environmental Management System 24 Product Profile: Precast Infrastructure 33` Information Corner 33 Sackville Facility Renovations public & community 34 Touch a Truck projects 34 NSCC Foundation Bursary Award 4 Irving Pulp & Paper, Saint John, NB 35 Steel Day 6 Kent Distribution Centre, Moncton, NB 35 National Precast Day 8 Alt Hotel, Halifax, NS 36 Pte. David Greenslade Peace Park 9 Non-Reactive Stone at OSCO Aggregates 10 South Beach Psychiatric Center, Staten Island, NY people 11 Irving Big Stop, Enfield, NS 37 Event Planning Committees 12 Lake Utopia Paper, Lake Utopia, NB 37 OSCO Group Bursary Winners 14 Irving Oil Refinery, Saint John, NB 38 Employee Recognition Dinner 16 Jasper Wyman & Son Blueberries, Charlottetown, PE 40 OSCO Golf Challenge 17 Shipping Steel to Texas (& Peru) 40 Retirement Lane Gary Bogle, Gary Fillmore, Roland Froude, Raymond Goguen, Joyce 18 Rebar, misc. projects Murray, Raymond Price, Dale Smith, Brian Underwood, Alfred Ward 19 Pier 8 & Fairview Cove Caissons, Halifax, NS 42 National Safety Award for Strescon 20 3rd Avenue, Burlington, MA 42 Group Picnic 22 Miscellaneous Metals Division, update 43 Fresh Faces 22 Ravine Centre II, Halifax, NS 43 Wall of Fame 23 Hermanville Wind Farm, Hermanville, PE 43 Congratulations 29 Cape Breton University, Cape Breton, NS 44 Our Locations OSCO 29 Regent Street Redevelopment, Fredericton, NB construction 30 DND Explosive Storage Facility, Halifax, NS group CONNECTIONS is the biannual magazine of the OSCO on our cover..
    [Show full text]
  • National Shipbuilding Procurement Strategy: Charting the Course
    Cover photo: A Canadian submarine manoeuvring in the vicinity of the Halifax Naval Dockyard. Photo courtesy of Department of National Defence National Shipbuilding Procurement Strategy: Charting the Course Maritime Security Occasional Paper No. 17 Edited by Ian Wood Prepared by Tim Dunne © Centre for Foreign Policy Studies, Dalhousie University, Halifax, Nova Scotia, 2014. PART THREE: THE CANADIAN SURFACE COMBATANT Table of Contents What the NSPS has Delivered Ian Parker . 37 The CSC Statement of Requirements: Pushing the Envelope LIST OF ACRONYMS . i Eric Lerhe . 47 INTRODUCTION . 1 Value Propositions and NSPS: A Canadian EXECUTIVE SUMMARY . 3 Success Story? SUMMARIES OF PANEL PRESENTATIONS . 13 Kevin Arthurs, Lockheed Martin Canada . 53 PART ONE: SPECIAL PRESENTATIONS Canada’s NSPS Successes and Transitioning Joint Support Ship to CSC Challenges Brian Lavigne . 15 Jerry McLean, Thales . 58 Arctic Offshore Patrol Ship Improving Economic Outcomes: Value Lieutenant-Commander Jamie Sangster . 17 Proposition Considerations Scientific/Research Implications of Rich Billard, MDA Corporation . 61 the AOPS Jim Hanlon . 18 CONCLUDING REMARKS . 63 WORKSHOP PROGRAMME OF EVENTS . 65 PART TWO: NSPS: CURRENT PROGRESS AND ABOUT THE PRESENTERS AND CHAIRS . 67 POTENTIAL FUTURE CHALLENGES CANADIAN NAVAL REVIEW LATEST ISSUES . 75 Budget 2014, the CFDS Reset and the Impact on the NSPS David Perry . 20 Key Industrial Capabilities and the NSPS: Sailing toward Global Leadership Yan Cimon . 22 Independent Cost Estimating at the Parliamentary Budget Office Erin
    [Show full text]
  • 85 Preview Canadian Shipyards Review Outstanding Rig Designs
    TRENDSETTER CORE "85 Preview Friede & Goldman Trendsetter™ Rig Canadian Shipyards Review Outstanding Rig Designs (SEE PAGE 4) Tailor-made marine coverage. Imagining you have it could leave you out in the cold. In the maritime world, your business is as individual as you are. So, doesn't it make sense that your insurance should be that way too? At Adams & Porter, we're known for custom marine coverage. First, we study your company from every angle, using our experts in your special area. Only then do we develop a plan that fits your exact needs. There's never any guesswork. You see, with Adams & Porter, you're getting more than 75 years of experience behind every decision. And as bro- kers, we have the entire insurance marketplace from which to select just the right combination of coverage, price and security Whether your business is on inland waterways or on the high seas, you can feel secure that we have the specialized knowledge of your hull, cargo, liability and other marine as well as non-marine requirements. In short, when you choose Adams & Porter, you can be sure your company has truly tailor-made coverage that won't leave you out in the cold. Adams & Porter Associates, Inc., 510 Bering Drive, Houston, Texas 77057-1408, (713) 975-7500. Also in New York and Bermuda. Adams&Porter We take the myth out of corporate insurance. Circle 163 on Reader Service Card The biggest call on McAllister Circle 313 on Reader Service Card McAllister Brothers, Inc Towing and transportation. 17 Battery Place, New York, N.
    [Show full text]
  • Wolfville Historical Society and Randall House Museum
    WOLFVILLE HISTORICAL SOCIETY ARCHIVAL COLLECTION STORED AT ESTHER CLARK WRIGHT ARCHIVES ACADIA UNIVERSITY FINDING AID WHS PHOTOGRAPH COLLECTION updated to May 1, 2016 Researchers wishing to access photographs or other boxes should contact the Curator at 542-9775 from June to September, or the WHS Archivist at 542-5061. The photograph boxes are still being actively worked on and photographs are sometimes difficult to access. Note: the data base back-up disk is in box 6a Note: A large photograph collection relating to the W.H. Chase family is part of the Chase fonds, 06.01. See finding aid for the historical collection for description. Boxes 6a through to 6x Photographs & Postcards Box 6a CC 373 to CC 430 [entered & scanned. Worksheets and discs for 6a plus the backup Passage d.b. and images folder, created March 10, 2008 are stored separately] CC 373 post card, Presbyterian Church on fire, August 14, 1913 CC 374 arrival of J.W. Regan party (tentative id) at Railway Station, 1900 CC 375 Wolfville Cadets marching on Main Street outside MT&T, ca 1940s CC 376 Wolfville Harbour with Skoda building, boy fishing from log raft CC 377 original sepia print, very clear,Wolfville Harbour at low tide CC 378 sepia post card, Gaspereau Valley from the Stile CC 379 interior of a church, decorated with flags and flowers (see also 03.12.1 for a similar church interior which may identify this as the 2nd Baptist Church) CC 380 snapshot, Godfrey House on Main Street, ca 1920 CC 381 studio portrait of two women, taken in Kamloops, B.C.
    [Show full text]
  • Map Art, 3 Panel
    n T erm in HALIFAX SEAPORT & OCEAN TERMINALS HALTERM COalNs TAINER TERMINAL LIMITED 3 Pie (opreArator of South End Container Terminal) 6 2 Halifax Port Authority d P H e Operator: Halterm Container Terminal Limited Administration Building a h lif S P B ax ier Terminal Size: 74.5 acres / 30.2 hectares ert Halifax Seaport Se A h2 ap -1 0 Farmers' Market k 7 Reefer Outlets: 485 in-ground outlets X 440V L o c OW rt 2 E Pavilion 20 h A R t Throughput Capacity : 750,000 TEU WA r 1 T e 3 3 P ER B 3 S P NSCAD University h ie TR t d r Equipment: • 4 Super Post Panamax (SPPX) EE r e B T Port Campus e h S B e Cranes: 7 high x 22 wide B 3 n . e 8 a r 3 r D Im t 2 C R h h y m 2 Canadian Museum of tr • 3 Panamax Cranes: 5 high x 13 L h t 7 n ig 1 r a A r 3 at Immigration at Pier 21 0 e G M N i h wide I W on O 3 B t M e A c h r R st n Pavilion 22 e t e E in n a B 9 • 3 Ro/Ro ramps T N ex n r o T e 4 3 va M e B 3 4 F A B h Sc R e rm d 3 t o i G • 8,000 ft of on-dock double-stack t l IN P rt i e e r ia m A h n h h n e n L 2 a t ra R l S r 6 C B & O 2 s A e ry rail service (320 TEU) D 3 t M B n h a G S t Ro-Ro e Pa P r Restrictions: No navigational/height restrictions d vilion 23 i e Ramp Be VIA i e o G rth a -R B an e r o try Cr 41 r A m ane Railway C t p e n Gant Pie n 3 ry Station P P e 6 Crane rC Pier B E t 2 r C 2 Ro e h R -Ro G d t d am antry C Be Berth Length Depth (Avg.) Apron Width r r 6 e O p rane rth I a e 2 h A R 42 n S P D o- B h ie R Ro Gan B u t r am try Cran 36 190.5 m / 625 ft 13.9 m / 45 ft Unrestricted A C r A p e RR P e I B -1 N Gantry
    [Show full text]
  • Sustainability Report 2017
    SUSTAINABILITY REPORT 2017 Table of Contents WELCOME 2 Our History 2 Message from Our President & CEO 3 About the Port of Halifax 4 ECONOMIC GROWTH 7 Productivity at the Port 8 Infrastructure Development 10 Halifax Seaport 12 COMMUNITY INTEGRATION 14 Labour Relations & Employee Programs 15 Port Community Initiatives 17 Interconnectivity 19 ENVIRONMENTAL PROGRESS 22 Sustainability Policy & Climate Goals 23 Energy & Emissions Profile 25 Waste & Pollution Reduction 27 LOOKING FORWARD 30 Next Steps 31 Measuring Performance 32 2017 SUSTAINABILITY REPORT | 1 OUR HISTORY 1752 2007 2015 North America’s oldest operating Port of Halifax became the first port We were named as the 2015 Port salt water ferry began service in Canada to achieve an investment of the Year by the International grade credit rating from Standard Seafarers’ Welfare and Assistance 1758 & Poor’s Network (ISWAN) North America’s first naval dockyard We received our first vessel over opened 2011 8,500 TEU on August 7, the Hapag- We joined Green Marine, a North Lloyd Budapest Express, 8,749 TEU, 1837 American environmental certification at Fairview Cove Container Terminal North America’s first yacht squadron program that stems from a voluntary operated by Ceres-Halifax opened – The Royal Nova Scotia initiative by the maritime industry to exceed regulatory requirements Yacht Squadron 2016 We received our largest cruise vessel 1969 2013 call at the Port of Halifax, the Royal Halifax’s South End Container We received our first vessel over Caribbean International Anthem of Terminal
    [Show full text]
  • Atlantic Economic Outlook As Vibrant As One Can Have It
    Atlantic Economic Outlook As Vibrant as One Can Have It Mario Lefebvre Director, Centre for Municipal Studies 2011 Atlantic Real Estate Forum Halifax, Nova Scotia June 22, 2011 St. John’s Outlook: Highlights • The St. John’s economy grew by 6.5 per cent in 2010, thanks to gains in offshore oil production and significant growth in construction output. • The construction sector benefitted from stronger housing starts, infrastructure spending, and the start of work on the Long Harbour plant. • Real GDP growth is expected to return to a more moderate 3.7 per cent in 2011 and just 0.9 per cent in 2012. Employment Growth St. John’s (2003–12) Sources: Conference Board of Canada; Statistics Canada. Unemployment Rate St. John’s (2003–12) Source: Conference Board of Canada, Statistics Canada. Disposable Income Growth St. John’s (2003–12) Sources: Conference Board of Canada; Statistics Canada. Retail Sales Growth St. John’s (2003-12) Source: Conference Board of Canada. Construction Output Growth St. John’s (2003-12) Source: Conference Board of Canada. Primary and Utilities Output Growth St. John’s (2003-12) Source: Conference Board of Canada. Saint John Outlook: Highlights • Saint John’s economy grew by 1.9 per cent in 2010, thanks to recoveries in the manufacturing and construction sectors. • The start-up of the Canaport LNG plant also helped to boost manufacturing output in 2010. • Real GDP growth is expected to remain modest in 2011 and 2012, at 2.1 per cent and 2.3 per cent, respectively, held back by falling housing starts and a lack of major new non-residential projects.
    [Show full text]
  • The Stairs Fleet of Halifax: 1788-1926 James D. Frost
    The Stairs Fleet of Halifax: 1788-1926 James D. Frost Malgré la renaissance d'études de l'histoire des Maritimes qui a fleuri au cours des dernières trente-cinq années, il n'y a pas encore de corps de travail important dans l'histoire du commerce dans les Maritimes. Il y a peu d'études sur les propriétaires de navires, les banques, les industries, ou même des entrepreneurs de cette région. Il existe de nombreuses synthèses étendues, mais un étonnant manque d'études de cas dans les Maritimes ou en Nouvelle-Écosse. Sauf pour les histoires d'entreprise de la Banque de Nouvelle Écosse et de la Banque Royale, il n'existe pas d'études scientifiques de la contribution de la région au système bancaire canadien, à l'exception de l'étude modeste de la Banque de Nouvelle Écosse faite par le présent auteur. Le projet marine marchande du Canada atlantique a réalisé un travail exemplaire sur l'industrie maritime de la région, mais peu d'analyse en profondeur de propriétaires d'un seul navire. Ce document est basé sur une recherche effectuée pour une biographie de la famille Stairs de Halifax, publiée en 2003. Il est conçu comme un examen en profondeur de propriétaire d'un seul navire, dans le cas présent d'une famille de tels propriétaires. In spite of the ground-breaking work of the Atlantic Canada Shipping Project and the related Maritime History Group in rewriting the history of shipping and shipbuilding in Canada’s Maritime provinces1, with one or two exceptions, individual owners or families have so far been ignored.2 This paper will examine the activities of one such 1 The most extensive study to date is Eric W.
    [Show full text]
  • ANNUAL REPORT Rebuilding the Shipbuilding Industry Ministerial Message
    P4-71/2017E-PDF 978-0-660-09088-7 2016 NATIONAL SHIPBUILDING STRATEGY ANNUAL REPORT Rebuilding the Shipbuilding Industry Ministerial message As Minister of Public Services and Procurement Canada and one of the ministers responsible for the delivery of the National Shipbuilding Strategy, I am proud to present this first annual report of the strategy’s progress from January 1 to December 31, 2016. The government committed to providing the brave women and men of the Canadian Coast Guard and the Royal Canadian Navy with the equipment they need to serve and protect Canadians. To deliver on this promise, our government has enhanced the National Shipbuilding Strategy in several areas, including streamlining processes, increasing transparency, maximizing economic benefits and ensuring best value for Canadian taxpayers. The strategy has always held tremendous promise for Canada. Now, it is positioned to deliver. In 2016, under the dedicated leadership of Minister Judy M. Foote, substantial progress was made under the National Shipbuilding Strat- egy. Small vessel construction began on Search and Rescue Lifeboats at two shipyards and a contract was awarded to build two Channel Survey and Sounding Vessels. For large vessels, significant progress was made on the construction of the first Arctic and Offshore Patrol Ship, and steel has been cut for the second. Construction began on the second Offshore Fisheries Science Vessel. Further, preparations, including design work, progressed to support the upcoming construc- tion of the Joint Support Ships, the Offshore Oceanographic Science Vessel, the Polar Icebreaker and the Canadian Surface Combatant. Our two primary shipyards, Seaspan’s Vancouver Shipyards and Irving Shipbuilding’s Halifax Shipyard are creating opportunities for Indigenous peoples, women and minority groups to contribute to the renewal of Canada’s federal fleets.
    [Show full text]
  • APPENDIX B Offshore Fabrication Facilities in Eastern Canada
    APPENDIX B Offshore Fabrication Facilities in Eastern Canada FABRICATION FACILITIES IN EASTERN CANADA This Appendix is included to provide a high level indication of fabrication and construction facilities in Eastern Canada that offer specific capabilities and capacity for work associated with the construction phase of the White Rose development. This information was obtained by Husky Oil in response to a written survey distributed to all the respondents in February, 2000. 1.0 FRIEDE GOLDMAN NEWFOUNDLAND LIMITED 1.1 Company Description Friede Goldman Newfoundland Limited (FGN) is owned and operated by Friede Goldman Halter Incorporated. FGN offer construction, fabrication and engineering services for offshore, heavy industrial fabrication, shipbuilding and repair, with separate offshore fabrication (Cow Head) and shipyard facilities. FGN have experience in offshore module fabrication for the Hibernia and Terra Nova projects, as well as rig conversion projects for the Gulf of Mexico. FGN maintains the highest national structural welding accreditation for steel (to CSA W47.1, Div.1) and expertise in the manufacture of pressure vessels, fittings and piping supported by ASME U-stamp certification. The normal combined workforce of the Cow Head Fabrication and Marystown Shipyard sites is 997 persons, including management, administration and skilled labour, with a peak work force of 1,200. FGN’s project management system is based on a customized in-house system of integrated software systems using Visual Basic, MS Access, Powerhouse and MS Project.
    [Show full text]
  • Port of Halifax 2017-18 Economic Impacts
    Port of Halifax 2017-18 Economic Impacts Halifax Port Authority May 2019 Halifax Port Authority Port of Halifax Economic Impact Report Table of Contents Executive Summary ...................................................................... 3 1 Introduction ..........................................................................10 1.1 Report Objectives ......................................................... 10 1.2 Context ....................................................................... 11 1.3 Halifax Port Authority Overview ..................................... 16 1.4 Regional Economy ........................................................ 19 2 Study Approach .....................................................................21 2.1 Introduction ................................................................. 21 2.2 Economic Impacts ........................................................ 22 2.3 Study Area ................................................................... 24 2.4 Economic Impacts and Methods of Measurement ........... 24 2.5 Fiscal Impact ............................................................... 25 2.6 Other Impacts .............................................................. 26 3 Economic and Related Impacts ............................................ 27 3.1 Introduction ................................................................. 27 3.2 Economic Output .......................................................... 28 3.3 Gross Domestic Product (GDP) ...................................... 29
    [Show full text]
  • Pilotage Issues Report to the Minister of Transport
    Review of Pilotage Issues Report to the Minister of Transport Canadian Transportation Agency August 31, 1999 © Minister of Public Works and Government Services Canada, 1999 Printed and bound in Canada The CTA report is available on the Agency’s Web site www.cta-otc.gc.ca Canadian Office Transportation des transports Agency du Canada August 30, 1999 The Honourable David M. Collenette, P.C., M.P. Minister of Transport Transport Canada Building Place de Ville 330 Sparks Street Ottawa, Ontario K1A 0N5 Dear Minister, In accordance with your request of August 12, 1998 that the Canadian Transportation Agency undertake the review of pilotage services specified in the Canada Marine Act and your Terms of Reference for the review, the Pilotage Review Panel is pleased to present to you the Final Report of the Review of Pilotage Issues. The report contains the outcome of the consultations with interested parties and the recommendations of the Pilotage Review Panel in respect of each of the issues that were examined. Yours sincerely, Marian L. Robson Jean Patenaude Keith Penner Richard Cashin Ottawa Ontario K1A 0N9 Ottawa (Ontario) K1A 0N9 www.cta-otc.gc.ca www.cta-otc.gc.ca 0º R EVIEW OF P ILOTAGE I SSUES 10º 20º 30º Table of Contents 40º 50º Acknowledgements......................................................................................... vii Abbreviations and Terminology.................................................................... ix 60º Introduction.....................................................................................................
    [Show full text]