I can see that not too many people are answering this topic, cant understand why. ehehehe
Well I think in central Canada we will see an improvement of the overall marine business, but it will not be super dramatic. The last few months of the season in the great lakes and seaway was considerably busy compared to the start of the season - mainly due to a bumper crop of grains, and the resurgence of the steel industry. Perhaps this will continue in the new season, I believe it will.
On the East Coast, oil prices are stable and slightly climbing, new PSV vessels are being built and new O&G projects are pushing forward, albeit slowly. So I think this should improve the east coast outlook - but I am not too familiar with this region. I will do some research in a bit and update this post.
The west coast's Truck Logging Convention just wrapped up in Victoria over the weekend. The word there, at the smallest convention of their history, was that the industry was picking up, and looking up in 2010. Lumber exports to China is reportedly making 25% of BC lumber industry, and growing rapidly. The governments efforts to market lumber is to China is finally paying off, having being too dependent on the US market has played havoc with the industry, which impacts heavily local maritime transport. So with this in mind I see the job front picking up for engineers with the bigger vessel coming back online. I suspect BC Ferries traffic will be back up to the their normal expectations this year, especially with the lingering effects of the Olympics, so we will see jobs once again becoming more frequent for engineers there.
Government is in cost cutting mode these days, again. So like usual, all forward thinking new build projects will be shelved so I think they will be more or less the same. With other sectors coming back online, manpower will be drained from Coast Guard, in particular and to some extend DND operations, and I predict that most of the manpower issues, regarding qualified engineers will start creeping back to the forefront of agenda, but probably towards the mid and end of 2010.
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