“We are going through an unprecedented moment in Canada and around the world as we deal with a pandemic that has economic implications, making short-term forecasts difficult,” said Robin Silvester, president and CEO of the Vancouver Fraser Port Authority.challenges, mid-year cargo volumes across the port of Vancouver remained strong and Canada’s industry continued to flow, connecting Canadians and Canadian companies with foreign goods and markets. This resistance reflects the importance of the diversity of trading partners, foreign markets and a diversity of goods in transit through the port.»
Strong global demand for Canadian cereals resulted in a new mid-year record of 16.3 MMT for bulk grains and containers, an accumulation of 10.4% or 1.5 MMT over last year’s mid-year record.mid-year records of 57.7 and 49.7 MMT, an increase of 1.2% and 2.1% respectively, due to sharp increases in the volumes of grains, oil, chemicals and canola oil.
This new record was helped by increases in wheat, up to 7.5%, canola, 25.6% and special crops, up to 10.0%.In fertilizers, potash exports dropped by 6.7% from last year’s record and sulfur rose by 5.7%.
The cruise season at Vancouver Harbor has been rescheduled for October 31, 2020, as through Transport Canada.The Port Authority will continue to stick to Transport Canada’s commandos and will refocus its efforts to plan the 2021 cruise season.
“As we have noted in past economic downturns, the industry is well placed to recover strongly,” Silvester said. “In the container industry, we are already seeing a rebound in monthly volumes compared to the same month in 2019, and the demand for containerized goods continues to grow in the future. A key component of our role as the Canadian Port Authority is to promote the critical infrastructure necessary to fulfill this expansion in the port.
Working with industry and government partners in Lower Mainland, the Port Authority is leading the progress of more than $1 billion in infrastructure projects that will increase its competitiveness as a West Coast industrial center and help a smoother supply chain to and from the Port of Vancouver..
To adapt to the trade in developing containers, the Port Authority is recently leading two container terminal projects and has partnered with the government and industry to invest in a number of road, rail and infrastructure projects.
“I want to thank all of our valued port terminal operators and stakeholders for their commitment to contributing to a smoother and more effective supply chain and increased capacity in the Port of Vancouver,” Silvester said.”Always, but especially in those difficult times, it is the committed paintings of port terminal operators, shipping companies, rail and truck companies, painters, the government and all the partners of the chain of origin that helps keep the import going.The products Canadians want and the export industry to keep our economy strong.the efforts of all partners to facilitate industry through the port, which, together with industry-friendly infrastructure projects, will be one of the main driving forces of Canada’s economic recovery in the coming months by supporting jobs and businesses.”
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Background
Media Contact: Arpen Rana’s Media Relations [email protected]
The Port of Vancouver Fraser Authority is the guilty federal firm for managing the Port of Vancouver. Like all Canadian Port Authorities, we are guilty before the federal Minister of Transportation and act in accordance with the Canadian Marine Law with the mandate to allow Canadian industry to pass through the Port of Vancouver, while protecting the surroundings and taking into account to local communities. The Port Authority is structured as a corporation without shares, it is economically self-sufficient and does not have taxpayers’ cash for its operations. Our source of income comes from port terminals and tenants who lease port land, and from port users who pay various fees, such as port fees. The profits are reinvested in port infrastructure. The Port Authority controls the use of land and water in the port, which includes more than 16,000 hectares of water, more than 1,500 hectares of land and approximately 350 kilometers of coastline. Located on the southwestern coast of British Columbia in Canada, the Port of Vancouver stretches from Roberts Bank and the Fraser River to Burrard Inlet, which borders 16 municipalities and intersects classic territories and treaty lands of several Coast Salish First Nations. The Port of Vancouver is the largest port in Canada and the third largest in North America in terms of tons of cargo. Enabling the industry of approximately $ 240 billion in goods with more than 170 global economies, port activities 115,300 jobs, $ 7 billion in wages, and $ 11.9 billion in GDP across Canada.