by Canadian Sailings | Sep 13, 2018 | Business and Economy, Ocean, Other, Ports and Terminals, Supply Chain and Logistics, Top Stories
Overall cargo volume through the Port of Vancouver reached a record high of 142.1 million metric tonnes (MT) in 2017, up five per cent from 2016. Cargo diversity and strength of the Canadian economy provided a boost to annual volumes. Sectors experiencing strong growth included containers and bulk grain, both of which hit new records in 2017.
“The record year for cargo movement and healthy growth across the port reflects the strength of the Canadian economy in 2017, as well as the Port of Vancouver’s ability to accommodate the most diversified range of cargo of any port in North America,” said Robin Silvester, president and chief executive officer at the Vancouver Fraser Port Authority. (more…)
by Canadian Sailings | Sep 13, 2018 | Business and Economy, Featured, Ocean, Other, Ports and Terminals
Mandated to facilitate Canada’s trade objectives, the Vancouver Fraser Port Authority is continuing to build on a successful legacy of collaborative infrastructure funding. With its long-term strategy in mind, the port authority works collaboratively with government and industry to fund and deliver trade-enabling infrastructure projects to position the Vancouver gateway for the future.
Between 2009 and 2025, more than $17 billion will be invested in transportation and terminal infrastructure in the Vancouver region, more than double that of the recent Panama Canal upgrades. Working closely with industry and government, approximately $7.5 billion has already been invested to-date in port infrastructure to support port activities, a strong signal indicating confidence in the continued growth in Canadian trade. (more…)
by Canadian Sailings | Sep 13, 2018 | Business and Economy, Featured, Other, Ports and Terminals
The Vancouver Fraser Port Authority works with supply chain partners and port stakeholders to build future capacity through increased efficiency. The port authority’s emphasis on data visibility and transparency, as well as efficiency improvements aimed at optimizing land and marine operations across the supply chain, help improve overall supply chain performance.
Collecting, analyzing and reporting on data allows the port authority to assess how well the gateway is operating. Early warning indicators derived from reporting can help initiate discussions and support major capital decisions and future planning. Leveraging supply chain data can help optimize the Vancouver-area gateway’s existing infrastructure. Customers and users also benefit from several real-time monitoring programs and digital platforms to help keep them informed and enable them to anticipate, plan and respond effectively to operational matters. (more…)
by Canadian Sailings | Sep 13, 2018 | Business and Economy, Ocean, Other, Other Stories, Ports and Terminals
To realize its vision of becoming “the world’s most sustainable port,” the Vancouver Fraser Port Authority continues to collaborate with industry to maintain a healthy environment. The port authority has a number of programs and strategies in place, including those that encourage and incentivize vessel and terminal operators, as well as other port users, to reduce air and noise emissions and to conserve electricity. Consistent industry participation in these initiatives serves as an example of collaborative leadership contributing to a more sustainable port. (more…)
by Canadian Sailings | Sep 13, 2018 | Ocean, Ocean Carriers, Other, Other Stories
By Mike Wackett
Alphaliner’s bellwether containership idle tonnage data has recorded a big spike in vessels being consigned to lay-up, shifting the supply-demand balance back in favour of the charterer. The consultant said the capacity of the idle tonnage fleet had risen to 341,000 TEUs by the end of July, representing 1.6 per cent of the total global cellular fleet.
This is a worrying increase for shipowners, not least because this has happened in the middle of the peak season. Indeed, with the slack season not normally expected until October, Alphaliner said the amount of unemployed tonnage could reach 750,000 TEUs, or more, by the end of the year. (more…)
by Canadian Sailings | Sep 13, 2018 | Ocean, Ocean Carriers, Other
By Mike Wackett
Taiwanese ocean carrier Yang Ming has signed long-term charter agreements for five 11,000 TEU and five 12,000 TEU newbuild ships for delivery between 2020 and 2021.
The carrier said the new eco-friendly ships were part of its “ongoing fleet renewal programme”, replacing older vessels with higher fuel consumption. It currently operates a fleet of 103 containerships, with a capacity of 632,000 TEUs. It charters 63 vessels and is ranked seventh in the carrier league table. (more…)
