Canada: Port Metro Vancouver Posts Strong Results
Canada’s largest and most diverse port has released its 2012 mid-year results, posting healthy continued growth of six per cent overall.
The 2012 mid-year statistics report shows that Port Metro Vancouver handled 62.3 million tonnes of cargo through the end of June and is on track for another strong year.
The 2012 mid-year throughput volumes reflect the success of Port Metro Vancouver’s collaborative approach with our senior government partners, terminal operators, shippers and land transport logistics suppliers to improving sustainability, capacity and efficiency.
“What we have seen to the mid-point in 2012 is continued resiliency in the Canadian export market. Although some Asian economies show slower growth overall, through the port we saw continuing strong demand for Canadian natural resources, with all the major economic benefits that provides for the Canadian economy,” said Robin Silvester, President and Chief Executive Officer, Port Metro Vancouver. “Thanks to capacity building projects now underway, together with improved efficiencies, and this ongoing demand, we expect to see continued strength throughout 2012.”
Total foreign tonnage at Port Metro Vancouver posted a six per cent increase with 49 million tonnes.
“Port Metro Vancouver’s strong 2012 mid-year growth is clear proof that the federal government’s strategic investments and partnerships in building the Asia-Pacific Gateway are making Canada the gateway of choice between Asia and North America,” said the Honourable Ed Fast, Minister of International Trade, and Minister for the Asia-Pacific Gateway. “As we deepen Canada’s trade and investment ties in fast-growing Asia-Pacific markets, PMV’s competitive advantages and continued success are helping to create jobs, growth and long-term prosperity in every region of our country.”
Total domestic tonnage increased by six per cent to 13.3 million tonnes.
“On behalf of the Government of British Columbia, I congratulate Port Metro Vancouver on its outstanding year-to-date results,” said Jobs, Tourism and Innovation Minister Pat Bell. “In Canada Starts Here: The BC Jobs Plan, we made a commitment to ensure our ports offer a competitive advantage in accessing markets to the east and the south, and PMV is a key component in making British Columbia Canada’s Pacific Gateway.”
Port Metro Vancouver is North America’s largest export port by tonnage and trades $75 billion in goods annually with more than 160 trading economies, generating across Canada an estimated 129,500 jobs, $6.1 billion in wages, and $10.5 billion in GDP. For full details, please read Port Metro Vancouver’s Statistics Overview 2012.
Source: portmetrovancouver, August 20, 2012; Image: portmetrovancouver