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"The high standard of living that Canadians enjoy is dependent, in part, on Canada's involvement in global trade. About one third of exports and over a quarter of imports by value are transported by water. Shipping is vital to the competitiveness of Canadian commodity exports and is a lynchpin in many Canadian supply chains. In addition to its economic value, shipping is also critical to coastal community survival and food security in the Arctic, as it is often the only source of food and other supplies for Canada's most northern communities. Current trends in technology, climate change, emerging markets, and other factors, however, may influence the value of commercial marine shipping in the future. This assessment will explore the extent of both economic and social value of shipping on Canada and its regions while also looking at how shipping trends now underway might affect Canadian marine shipping activity in the future. Question What is the social and economic value of commercial marine shipping to Canada and its regions? How will global trends related to shipping affect future shipping activity in Canada?--
The Value of Commercial Marine Shipping to Canada is a comprehensive, high-quality, independent study that examines the broad impacts of marine shipping to Canada, addressing national, regional, and local issues. It is the first of its kind to examine “value” as including cultural, environmental, and security dimensions, in addition to economic measures. It is intended to contribute to a national dialogue and serve as a tool to help inform policy decisions related to marine shipping in Canada.
Survey of the structure and economic performance of the deep-sea shipping industry as it pertains to Canadian dry bulk trade, using a short survey ofspecialized literature combined with Canadian and foreign maritime statisticsto form the basis for the models used to carry out a simulation of costs andrevenues. A bibliography is included.
The role of maritime transportation in Canada's foreign trade, the history of Canadian deep-sea shipping, and the internationalshipping environment are addressed. The policy options availableare examined and five specific recommendations are made. Basically a core deep-sea fleet under Canadian flag is notrecommended, however, opposite views held by some members of thetask force are included.