Port Metro Vancouver has announced its end of year results, in which the port saw steady cargo volumes of 138 million tonnes and represents its third consecutive year for solid cargo growth.
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Cargo shipped in containers continued to show substantial growth due to increased trade with Asia, with a 5% jump in units for a new record of 3.1 million TEU.
Grain and agriculture product exports increased by 8% over 2014 to 25.1 million tonnes, and potash exports were 8.7 million tonnes, up 15.6 % from the prior year.
Robin Silvester, President and CEO of Port Metro Vancouver, said: “These strong and consistent cargo volumes through Port Metro Vancouver demonstrate the diversification of the port and the Canadian economy.
“The many terminals throughout the port have done a remarkable job of facilitating Canada’s trade.”
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Marc Garneu, Federal Minister of Transport, said: “As Canada's largest port, Port Metro Vancouver is a leading example of how to operate a global port with respect for the environment, marine safety and security.
“It continues to play a critical role in Canada's economy – importing goods from around the world and exporting Canada's resources to critical international markets – while also working with local communities and promoting environmentally sustainable operations.
Silvester concluded: “In the last five years, the port has grown by the equivalent of the annual volume of Canada’s second largest port – the Port of Montrealand we anticipate that growth to continue at about the same rate over the next five years, despite the current slow-down.”
