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Meunierd | Dreamstime.com

US container terminal operator Ports America has signed an agreement with Sydney Harbour Investment Partners (SHIP) to develop a new deepwater box port on Canada’s east coast.

Known as Novaporte, a 500-acre area in the port of Sydney, in Canada’s Nova Scotia province, the project surrounds the construction of a greenfield container terminal capable of handling 18,000 teu vessels and hands Ports America a 40-year operating contract.

The development could turn Canada’s Atlantic seaboard into a new area for port competition – ...

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