Port of Vancouver – Cargo diversity and strong Canadian economy drive record volumes at Port of Vancouver

Port of Vancouver – Cargo diversity and strong Canadian economy drive record volumes at Port of Vancouver

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…)

Port Saint John – Diversification key to success for DP World

In January 2017, DP World, the fourth largest marine terminal operator in the world, took over terminal operations in the port of Saint John under a long-term lease and from Curtis Doiron’s vantage point, “overall it’s been a positive experience.”

“We’re not without a commercial challenge but we continue to focus on capturing more volume through our terminal and doing so in collaboration with our shipping line partners and the Saint John Port Authority,” said DP World’s General Manager in Saint John.

The challenge Doiron referred to happened in late 2016 when Tropical Shipping, which accounted for approximately 45,000 TEUs (twenty-foot equivalent units) or nearly half of Saint John’s container volume, announced it was moving its weekly service to the Port of Halifax. (more…)

Tariff worries loom over Great Lakes trade

Tariff worries loom over Great Lakes trade

By Keith Norbury

If the two Canadian provinces and eight U.S. states that make up the Great Lakes-St. Lawrence Seaway region formed their own country, it would boast the world’s third largest economy. That was one of the notable observations in a recent report commissioned by Chamber of Marine Commerce, an Ottawa-based bi-national association representing shipowners and operators, ports, shippers, and other marine-related companies.

The region’s annual GDP of over US$6 trillion — exceeded only by the U.S. and China — includes domestic cargo moved on either side of the border, and cargo bound for or arriving from overseas. But a fair chunk of that is trade across the border — trade that many transportation industry insiders and experts fear will suffer from the tariff war that has erupted between Canada and the U.S. (more…)

Trump: “Tariffs are the greatest”; Canadians angered by U.S. President’s trade negotiating moves

Trump: “Tariffs are the greatest”; Canadians angered by U.S. President’s trade negotiating moves

By R. Bruce Striegler

“The Trump Administration is proceeding with unilateral measures to address what it has characterized as “unfair” trade, risking retaliation, but banking on a threat of massive escalation to extract a favourable outcome for itself,” says the C.D. Howe Institute. Released in June, a new report titled “Quantifying the Impacts of the U.S. Section 232 Steel and Aluminum Tariffs”, its authors find that protective trade measures imposed by the United States will reduce U.S. and Canadian GDP, while paradoxically strengthening trade partners outside the North American region through competitive gains. (more…)

Seaway volumes: steady as she goes

Seaway volumes: steady as she goes

Overall 2018 cargo shipments on the St. Lawrence Seaway during the period ended July 31 totaled 16.5 million tonnes, equal to the volume carried during the same period in 2017.

Grain exports were up this season, with year-to-date grain shipments via the Seaway totalling 4.2 million tonnes, up 7.5 per cent compared to the same period in 2017. Canadian grain shipments, which represented 3.3 million tonnes, were up 3 per cent while U.S. grain was up nearly 32 per cent. Canadian grain exports to Europe continue to climb due to a large carryover from 2017.  With a strong 2018 harvest expected, this momentum should continue in the autumn,” said Terence Bowles, President and CEO of The St. Lawrence Seaway Management Corporation. (more…)