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August 21, 2017

Port of Vancouver mid-year results boosted by record grain and container volumes

The Vancouver Fraser Port Authority announced that the mid-year cargo volume through the Port of Vancouver has increased four per cent to 69 million metric tonnes (MMT) over the same time last year with mid-year records in bulk grain and containers.

Container quantities (measured by TEUs or twenty-foot equivalents) increased by 9.6 per cent compared to mid-year 2016 to a record 1.6 million TEUs as a result of the strengthening economy as well as global demand for Canadian products shipped in containers and Canadian demand for consumer and manufacturing goods from Asia.

Strong overseas demand for Canadian grain products resulted in a steep increase in wheat, canola and specialty crop exports, which include pulses and lentils (up 55 per cent). This is the Port of Vancouver's sixth consecutive year of record mid-year volumes of bulk grain at 12.5 MMT in 2017, a 12.9 per cent increase over mid last year.

"Our record mid-year container results demonstrate the continued confidence of shippers in the Port of Vancouver and our ability to handle the growing demand for goods shipped in containers," said Robin Silvester, president and chief executive officer of the Vancouver Fraser Port Authority.

"The global demand for Canadian agricultural products continues to be strong in 2017 and is reflected in the record grain volumes through the Port of Vancouver over the first half of the year," added Silvester.

Source: Vancouver Fraser Port Authority