Port Saint John and its partners have handled 100,000 TEU so far in 2022 – more throughput than the port has ever experienced on an annual basis.
The port authority said this achievement was made possible thanks to over $500 million invested in recent years from the private sector, government, and the port itself, as upgrades at the DP World container terminal are also underway.
Upon completion, the terminal is expected to reach a capacity of 800,000 TEU over the next couple of years.
READ: Port Saint John receives multi-million-dollar investment from Government of Canada
“This momentous milestone marks the start of a new journey for Port Saint John as our growth trajectory is on track to place us as one of the top container ports in Canada,” says Craig Bell Estabrooks, President and CEO at Port Saint John.
“The alignment of our supply chain partners is a unique opportunity for shippers and receivers to experience world class service through Port Saint John.”
The port is the second fastest growing container port on the East Coast of North America with Class I rail optionality reaching into key markets in North America, according to the port’s recent statement.
“This is a significant milestone for Port Saint John which will position it as a main Atlantic Gateway,” added Maksim Mihic, CEO & General Manager, DP World (Canada) Inc.
“Together with our partners, we are making major investments in DP World Saint John and the supporting logistics eco-system to enhance Canadian trade efficiency and provide sustainable economic growth for the region.”
Port Saint John moved 86,949 TEU in 2021 – marking the fifth consecutive year of growth in container volumes at the port.
Overall cargo tonnage at the port amounted to 28.8 metric tonnes in 2021, an 11 per cent increase over the previous year.