Thanks very much.
I guess the answer is a bit like my daughter's profile: It's complicated. I think the opportunity with cabotage, obviously, is that part of it was originally designed to protect a domestic fleet and to protect a domestic shipbuilding industry. As a result of that, we've ended with a large shipping community in Canada that has really been geared up to serving the Canadian market. If you were to abandon the cabotage rules, then I think there would have to be some consideration towards how they can manage and how they can work with their workforces, being obligated to use existing union workforces.
I say all of that as a preface to my answer, because I think there would have to be some consideration for those domestic operators today if it were to be opened up. However, the opportunities to actually opening it up I think are quite large. You would bring in a lot more competitiveness and you'd bring in a lot more capacity for ships coming into the system. I think when you look at jurisdictions like Europe, where these cabotage rules don't exist, you see how much they use short-sea shipping and smaller vessels to transport goods and how effective it can be.
There is a real opportunity to it in creating more capacity and more competitiveness, but I will acknowledge, for all of our ship-owning friends in Canada, that there has to be some recognition of the impact it would have on their existing operations.