• 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.




2019 April 19

18:07 Keppel posts net profit of S$203M in 1Q 2019
17:28 Passenger Port of Saint-Petersburg to complete Phase 1 of Berth No7 reconstruction in summer 2019
17:04 Saudi Aramco partners with the Saudi Contractors Authority fostering collaboration at ‘Future Projects Forum’
16:57 BAE Systems Jacksonville secures Navy's conntract mod for DDG 117
15:04 Hyundai LNG Shipping announces order for one VLGC at HHI
14:55 Marina for 100 yachts to be built in Feodosia by Firm “TES” LLC
14:10 C-Fenna successfully completes Fugro 1200 jackup towing operations
13:32 ESPO congratulates Port of Huelva for renewing EcoPorts’ environmental management standard
13:07 Spirit of Vancouver Island vessel returns to service after mid-life upgrade including conversion to natural gas
12:44 New High Bay Container Storage system launched as “BOXBAY”
12:10 ABS teams with industry leaders to improve container vessel safety
11:39 Port Arthur LNG receives FERC authorization for export project in Texas
11:08 Dual-fuel AET tankers conduct maiden LNG bunkering
10:43 Largest barge of Azerbaijan Caspian Shipping Company undergone overhaul
10:19 Brent Crude futures price is down 0.04% to $71.95, Light Sweet Crude – up 0.38% to $64
09:56 Bunker prices are sable at the port of Saint-Petersburg, Russia (graph)
09:35 TransContainer’s transportation volumes in Q1’2019 increased by 7.7% Y-o-Y to 492,000 TEUs
09:17 Baltic Dry Index is up to 790 points
07:42 GTT receives an order from DSME for the tank design of a new LNG carrier

2019 April 18

18:36 South Stream Transport B.V. and Saipem announce the amicable settlement of mutual differences
18:06 Seaway 7 selected as partner to develop Hollandse Kust Zuid Offshore Wind Farm
17:36 WinGD reports strong first quarter 2019
17:11 Launching ceremony held for eighth shallow-draft barge of Project ROB20
17:05 SOFEC completes engineering, supply and delivery of mooring system
16:26 Port of Murmansk to welcome eight cruise liners in summer season of 2019
16:05 Cooperation agreement between Eimskip and Royal Arctic line approved by the Icelandic Competition Authority
15:44 Navios Acquisition announces $103.2 million sale and leaseback transaction for three MR2 product tankers and two LR1 product tankers
15:12 Nefteflot laid down two barges of Project RDB12 ordered by STLC
15:10 MOL to acquire strategic stake in six group companies, each owning a Very Large Ethane Carrier
14:40 Port of Rotterdam freight throughput grows by 5.1% in first quarter of 2019
13:44 Bunker prices are slightly up at the Far East ports of Russia (graph)
13:03 Biggest European shipbuilders collaborate on vessel connectivity in project Code Kilo
12:49 NOVATEK reports preliminary operating data for the first quarter 2019
12:13 Frontex, EMSA and EFCA open second annual European Coast Guard Event
11:51 RF Navy’s Northern Fleet takes part in combat training missions as part of final check for winter training season
11:27 ASCO took part in TransRussia-2019
11:00 ZIM joins to blockchain shipping solution TradeLens
10:44 Shareholders agreement on construction of Lavna terminal signed under Murmansk Transport Hub project
10:28 Brent Crude futures price is up 0.1% to $71.69, Light Sweet Crude – up 0.09% to $63.82
10:09 ABS teams with industry leaders to improve container vessel safety
09:53 Keppel secures integration and upgrading contracts worth around S$160 million
09:37 Tri-City ports take part in Seatrade Cruise Global
09:36 Bunker Market this morning, April 18
09:15 Baltic Dry Index is up to 767 points

2019 April 17

19:00 SMS Towage’s Humber fleet adds new tug
18:36 CMA CGM has announced FAK rates from Asia to North Africa
18:06 DESMI's CompactClean Ballast Water Management System receives US Coast Guard Type Approval
17:36 Denmark's first new-build hybrid ferry on key passenger route
17:06 CMA CGM announces FAK rates from Asia to the Mediterranean
16:38 Matson receives new cranes at its Honolulu hub terminal
16:17 Stena Europe undergoes refit upgrades in Turkey
16:11 Kuehne + Nagel launches first online seafreight service solution with guaranteed lead time in container shipping
15:40 HELCOM addressed nutrients, stormwater and microlitter issues at PRESSURE 10-2019
15:04 Murmansk Commercial Seaport commissions dust and wind shields
14:39 Port of Riga and Port of Qingdao sign Cooperation Agreement
14:02 Damen launches two road ferries for Canadian operator BC Ferries
13:22 DNV GL awards CMHI AIPs for two new offshore designs
12:53 Pacific Fleet warships and Royal Thai Navy hold joint trainings in the Sea of Japan
12:31 Port of Cardiff prepares for start of 2019 cruise season
12:22 Tristar Group signs second major deal with Shell for 6 chemical tankers