• 2018 August 15 11:15

    Port of Vancouver posts H1 2018 results

    The Vancouver Fraser Port Authority has released the 2018 mid-year statistics for goods moving through the Port of Vancouver. Overall cargo through the port increased 4.4 per cent to 72.1 million metric tonnes (MMT) over the same time last year to reach record mid-year volumes.

    “This year’s record mid-year results for cargo movement show balanced, steady growth across most business sectors, demonstrating the increasing strength of the Canadian economy and the Port of Vancouver’s ability to handle Canada’s growing trade with Asia, despite general trade uncertainty,” said Robin Silvester, president and chief executive officer at the Vancouver Fraser Port Authority. “The Port of Vancouver’s ability to accommodate the most diversified range of cargo of any port in North America continues to be one of our greatest strengths and is a key factor that will enable us to continue to grow to meet Canada’s future trade objectives.”

    Container volumes (measured in 20-foot equivalents or TEUs) increased by five per cent compared to mid-year 2017 to a record 1.64 million TEUs as a result of the growing demand for Canadian resources and products, and the increasing Canadian demand for consumer and manufacturing goods from Asia.

    “Shippers continue to have confidence in the ability of the terminals, rail and shipping lines, truckers and other supply chain participants to handle the growing demand for goods shipped in containers,” said Silvester.

    However, forecasts show that Canadian West Coast container ports will be full by the mid-2020s, so the port authority is working to create new capacity. “We are partnering with our existing container terminals to expand and improve their operations,” said Silvester, “but even with these improvements, further capacity will be required, highlighting the need for the Roberts Bank Terminal 2 project, a proposed new three-berth container terminal that would provide the space needed to meet forecasted demand for trade of goods in containers.”

    In other sectors beyond container trade, overall mid-year results show balanced growth, with increases in potash (23 per cent), autos (8 per cent), coal (9 per cent), forest products (4 per cent) and petroleum products (40 per cent) and declines in grain (-10 per cent), and chemicals and minerals (-5 per cent). The healthy overall growth highlights the continued confidence of port users, and the optimism of terminal operators who are investing to grow their operations.

    “The long-term outlook for Canadian trade is one of growth, and all those who make up the Port of Vancouver are working hard to ensure we will be ready to handle the increased volumes through Canada’s West Coast,” added Silvester. “We’d like to thank our terminal operators, rail and trucking companies, government and other partners for their commitment to investments that are helping increase capacity and contribute to a more fluid and efficient supply chain. With these investments, combined with our focus on infrastructure development and sustainability, the Port of Vancouver is well-positioned to continue supporting Canada’s growing trade,” added Silvester.

    Overall cargo traded through the Port of Vancouver increased in the first half of 2018, posting a 4.4 per cent increase to 72.1 MMT compared with the first half of 2017.

    Auto unit numbers increased by 8.3 per cent compared to mid-year 2017, with 236,396 units moved through the port in the first half of 2018.

    Breakbulk cargo increased 14.4 per cent to 8.8 MMT compared to mid-year 2017, mainly attributable to a 21.1 per cent increase in domestic traffic.

    Bulk dry cargo volumes increased 0.7 percent. Decreases in grain products including specialty crops and feed (-10.2 per cent) and minerals, ores and concentrates (-27.8 per cent) were offset by increases in coal (8.9 per cent) and potash (22.7 per cent).

    Bulk liquid tonnage was up by 28.3 per cent over mid-year 2017 due to a strong 40.2 per cent increase in petroleum products.

    Container quantities increased by 5.1 per cent to 1.64 million TEUs due to a stronger economy and solid export traffic.

    Cruise passenger traffic is up 12.7 per cent over mid-year 2017.

    About the Vancouver Fraser Port Authority

    The Vancouver Fraser Port Authority is responsible for the stewardship of the federal port lands in and around Vancouver, British Columbia. It is financially self-sufficient and accountable to the federal minister of transport and operates pursuant to the Canada Marine Act. The Port of Vancouver is Canada’s largest, and the third largest in North America by tonnes of cargo, facilitating trade between Canada and more than 170 world economies. Located in a naturally beautiful setting on Canada’s west coast, the port authority and port terminals and tenants are responsible for the efficient and reliable movement of goods and passengers, integrating environmental, social and economic sustainability initiatives into all areas of port operations. Enabling the trade of approximately $200 billion in goods, port activities sustain 115,300 jobs, $7 billion in wages, and $11.9 billion in GDP across Canada.




2018 September 24

11:16 Longline factory ship Marlin laid down by Severnaya Verf shipyard to feature 40% of local content
10:54 Damen performs float-out of Australian icebreaker
10:52 NOVATEK increases number of Management Board members
10:28 Smart shipping to be under the spotlight at Seatrade Maritime Middle East
10:05 Baltic Dry Index is up to 1,413 points
09:43 Brent Crude futures price up 1.25% to $79.22, Light Sweet Crude – up 1.2% to $71.63
09:21 Freeport of Riga’s project on construction of Krievu Island Terminal enters its final phase
09:00 Vice Premier Han Zheng inspected COSCO-PSA terminal in Singapore
08:14 International maritime community reaffirms cooperation in the Straits of Malacca and Singapore

2018 September 23

10:47 DEME unveils innovative nodule collector pre-prototype ‘Patania II’
10:33 Global Ship Lease secures additional charter coverage and adds Maersk Line to charterer portfolio
10:30 Hapag-Lloyd announces rates from Latin America to North Europe and South Europe

2018 September 21

18:06 Forth Ports wins prestigious award for community work
17:44 NCSP Group's cargo turnover for January–July 2018 totaled 82,351 thousand tons
17:28 First ISO-container ever loaded with liquefied natural gas at the LNG terminal in Świnoujście
17:06 Gibdock, RSP Systems and New Zealand fisheries choose LR
16:31 Outlook for marine cargo insurance challenging but opportunities remain for underwriters, says IUMI
16:04 Babcock ecoSMRT receives LR acknowledgement for ship application
15:09 Trafigura holds naming ceremony for first of 35 newbuild crude oil and product tankers
14:56 IBIA takes part in SIBCON 2018
14:27 Krasnoye Sormovo shipyard launches Pola Fiva, fifth dry cargo carrier of Project RSD59 built for Pola Rise
14:09 British International Freight Association fumes over sulphur surcharge
13:52 Ukraine’s water transport carried 0.5 million passengers in 8M’18, up 10.5%, Y-o-Y
13:31 Maersk’s regional carriers go to market under one brand
13:09 GE Shipping takes delivery of Secondhand Very Large Gas Carrier “ Jag Vasant ”
12:50 ABP aims for frictionless trade with blockchain
12:28 Cargo transportation by Ukraine’s water transport declined by 1.9% to 3.6 million tonnes in 8M’18
12:09 COSCO SHIPPING Tanker (Dalian) takes delivery of 319,000 dwt Mt Cosnew Lake
11:07 Odfjell finalizes sale of Rotterdam tank terminal
10:36 ABP promotes South Wales ports as cruise destinations
10:07 Georgia Ports plan 8 million TEU capacity by 2028
09:54 Brent Crude futures price up 0.06% to $78.75, Light Sweet Crude – up 0.14% to $70.22
09:35 Bunker prices are going up at the Port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index is up to 1,396 points
09:03 APL’s Eagle Express service makes a solution for precise logistics management
08:07 Yang Ming to upgrade China-Vietnam-Thailand service
07:20 Iskes Towage names twin Damen ASD Tugs 3212 Mars and Mercurius

2018 September 20

21:17 Expert says production declines and geopolitical unrest may push bunker prices up
18:02 SITC holds naming & delivery ceremony for M/V “SITC TOYOHASHI”
17:54 Sovcomflot participates in Eastern Economic Forum’s business programme
17:30 Kurt Bodewig appointed as new European Coordinator for Motorways of the Sea
17:07 Port of Singapore holds annual multi-agency ferry emergency exercise
16:46 IAPH regional conference sets pan-African ports agenda
16:25 UAE to host Dubai Marine Insurance Conference 2018 on November 20-21
16:07 Governments of New Zealand and Australian announce fumigation requirement for import cargos
15:48 Sovcomflot is a Partner of the Second Conference “LNG Fleet and LNG Bunkering in Russia”
15:32 NYK product tanker rescues 28 fishermen off the coast of Colombia
15:04 CMA CGM announces GRR from Asia to West Africa
14:56 Admiralteiskie Verfi launches the Kronshtadt, diesel-electric submarine of Project 677
14:32 DNV GL releases autonomous and remotely operated ship guideline (UPDATE)
14:04 Port of Long Beach awarded $4.2 mln security grant
13:32 ABS supports innovative yacht design with dedicated guidance notes and software
13:20 Finnish Transport Agency: international seaborne transport volumes show significant boost
13:04 Port of Antwerp works on structural solutions to improve mobility
12:43 Arctic group of RF Navy’s Northern Fleet enters Chukchi Sea through Bering Strait
12:30 Wison receives AiP from LR for 300MW FSRP
12:04 Port of Rotterdam and Rönesans Holding sign agreement for petrochemical industrial zone in Turkey
11:49 IMO to start consideration of legal framework for low-flashpoint diesel
11:30 Gulftainer signs 50-year, $600 million concession to operate and expand Port of Wilmington in Delaware, USA
11:18 Fuel oil prices are going up the Far East ports of Russia (graph)