Wednesday, June 7, 2023

The Canadian port of Vancouver projects a 3% decline in cargo transfers in 2022 – Nation World News

Through Gross Cargo Volume vancouver harbor They are set to decline by 3% in 2022, after a rebound in the second half of the year, led by exports of Canadian resources.

2022 statistics Vancouver Fraser Port Authority A total of 141.4 million metric tonnes (MMT) of cargo was moved through the terminals of vancouver harbor in 2022, compared to 146.5 MMT in 2021.

Canada’s grain and fertilizer exports posted their biggest gains in the second half of the year, as overall cargo volumes through the port improved after a slow start to a 2021 crop hampered by supply chain challenges and a drought. However, strong grain volumes from September were not enough to offset the decline from earlier in the year, with total bulk grain volumes down 23% for the year.

“Global demand for Canadian goods remained strong in 2022 as geopolitical volatility boosted appetite for our grain, energy and fertilizer exports,” it said. Robin Sylvester, President and CEO of the Vancouver Fraser Port Authority.

Bulk grain shipments are up 34% in the second half of 2022 compared to the same period last year, as a bumper 2022 prairie crop hits the market. vancouver harbour, And bulk carrier terminals set two consecutive monthly records with 3.3 million tons in October and 3.4 million tons in November.

exports fertilizers through vancouver harbor After rising 13% and potash 11%, sulfur had a near-record year, while sulfur rose 22%. Coal grew by 6%, and aviation and jet fuel by 88% in 2021.

In 2022, overall container volumes were down, 3% below the record set in 2021, largely due to inland supply chain congestion.

in container terminal vancouver harbor They handled the second largest volume of loaded imports in line with high demand for imported consumer goods affected by the pandemic.

Container volumes declined at the end of the year as a result of increasingly overstocked inventory as well as declining consumer demand, fueled by a challenging planning landscape for retailers amid global supply chain uncertainty.

Loaded exports have declined due to lower grain exports following a poor 2021 harvest as well as less availability of empty containers to load export cargo. Record eastbound transpacific freight rates resulting in large volumes of containers Vancouver Harbour.

“The decline in container volumes, beginning around December, is providing a much-needed respite from the increased volumes experienced through most of 2021 and 2022. However, the underlying story has not changed, with the Port of Vancouver reporting its second highest annual container with record volumes expected to be handled in 2022. Additional container capacity is desperately needed at the Port of Vancouver due to the continued long-term growth in containers. Canada’s population, economy and trade continue to grow as trade continues,” said Sylvester.

The Roberts Bank Terminal 2 project, which was recently approved by the federal government following a rigorous environmental review process that began in 2013, will provide that capacity.

The Port Authority is now working to obtain other applicable approvals and permits to proceed with the project, which will increase Port of Vancouver container terminal capacity by approximately 50% and is expected to create more than 17,300 jobs. C$100 billion in commerce each year once it is up and running.

“The domestic and global disruptions of the past year highlighted the need for us to work together as a country to support Canadian exporters and protect trade through our ports. This necessitates the Roberts Bank Terminal 2 project,” said Sylvester.

“The recent federal government approval is a significant step towards the delivery of Roberts Bank Terminal 2, a project that will improve supply chain capacity and resilience, support Indigenous reconciliation, and protect and enhance the natural environment that we Loved by all.”, he concluded. ,

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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