Study Shows Port of Vancouver’s Economic Impact in Canada

Study Shows Port of Vancouver’s Economic Impact in Canada

The Port of Vancouver in British Columbia is a major job and revenue generator for Canada, creating more than 132,000 jobs and contributing $16.3 billion to the country’s gross domestic product, according to a new Economic Impact Study released Aug. 20 by the Vancouver Fraser Port Authority, the agency that governs the port. The study also showed that nearly 80% of the jobs and economic activities benefiting from port-related operations remain in British Columbia, including more than 103,000 jobs. The jobs pay an average of $88,000 annually, higher than the country’s average wage of $58,000, according to the port. “The…
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Construction of Vancouver Port’s Overpass Project to Begin in 4th Quarter

Construction of Vancouver Port’s Overpass Project to Begin in 4th Quarter

Work is expected to begin later this year on the Holdom Overpass Project, a new four-lane overpass that would cross the rail lines at Holdom Avenue in Burnaby, British Columbia, the Vancouver Fraser Port Authority announced July 9. The port authority is teaming up with the city of Burnaby and the Government of Canada on the project, which would enhance rail capacity at Port of Vancouver terminals. The rail corridor is a significant trade artery for Canada, which accounted for more than 40% of the port’s global exports in 2023 with more than 40 million metric tons of export goods,…
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Port of Vancouver Terminals, Cruise, Shipping Lines Lauded for Environmental Efforts

Port of Vancouver Terminals, Cruise, Shipping Lines Lauded for Environmental Efforts

The Vancouver Fraser Port Authority has honored 29 terminals, tenants, marine operators, cruise lines and shipping lines for their environmental leadership at the Port of Vancouver, it was announced June 5. The port authority has annually presented the Blue Circle Awards, given to those who excelled in their efforts to lower emissions and underwater noise and save energy through the participation in the port authority’s EcoAction and Energy Action programs, since 2009. This year’s EcoAction Program recipients include shipping lines such as COSCO Shipping, Evergreen Line, Fednav, Hapag-Lloyd, HMM, MOL Chemical Tankers, MSC, Oldendorff Carriers, SM Line, Swire Shipping (formerly Westwood…
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New Electric Tugboat Fleet Unveiled at Port of Vancouver

New Electric Tugboat Fleet Unveiled at Port of Vancouver

SAAM Towage and a coalition of public and private sector partners on April 10 unveiled the first 100% electric, zero-emission tugboats that are to service clients at the Port of Vancouver starting this spring. “In all the world, there are only a handful of electric tugboats in operation. We’ll now see two of them hard at work in Vancouver’s magnificent harbor,” British Columbia Premier David Eby said. “The reduction in pollution from these electric tugs is the equivalent of taking 600 vehicles off the road.” “Today, we are taking a decisive step into the future,” SAAM’s CEO, Macario Valdés said.…
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B.C.’s Port of Vancouver Posts Record Cargo Volumes

B.C.’s Port of Vancouver Posts Record Cargo Volumes

Buoyed by robust export business, the Port of Vancouver in British Columbia saw record cargo volumes move through its gateway in calendar year 2023, according to data released March 22 by the Vancouver Fraser Port Authority. Canada’s busiest seaport, which is the third-busiest in North America, processed a record 150.4 million metric tons of cargo last year, a 6% year-over-year growth, despite softer import volumes, port data show. “The record cargo and export volumes moved last year demonstrate that one of the port’s key strengths and competitive advantages continues to be its diversification—both in terms of the commodities it can…
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Port of Vancouver Forecasts Record Breaking 2024 Cruise Season

Port of Vancouver Forecasts Record Breaking 2024 Cruise Season

British Columbia’s Port of Vancouver has said that it’s poised to have its busiest cruise season ever. The seaport announced March 8 that based on early estimates, it anticipates a record year for cruise passenger visits to the Canada Place cruise terminal in Vancouver. The cruise terminal expects to have 329 cruise ship visits scheduled between now and Oct. 29, bringing in a potential 1.27 million passengers, about 2% more than 2023, which also was a record year, the port said. “We expect 2024 to be another strong season for the award-winning Canada Place cruise terminal, as we solidify Vancouver…
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B.C.’s Port of Vancouver Reports Record Cruise Year

B.C.’s Port of Vancouver Reports Record Cruise Year

British Columbia’s Port of Vancouver has wrapped up its busiest cruise season on record, according to data released by the port Oct. 23. Data show that cruise activity came back in a big way this year, the first time that the season was unencumbered by COVID-19 restrictions. Cruise ship occupancy rates showed an average of 95% for the season and peaked at an average of 96% during the summer, according to the Vancouver Fraser Port Authority, which operates the port. The Port of Vancouver reported an estimated 1.25 million passengers in 2023, a 54% increase from last year. Canada Place…
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BC’s Port of Vancouver Sees Mid-Year Trade Growth, But Softer Container Volumes

BC’s Port of Vancouver Sees Mid-Year Trade Growth, But Softer Container Volumes

During the first half of 2023, the Port of Vancouver in British Columbia showed an 11% growth in trade compared to the same time period in 2022, but softer container volumes, according to new data released Sept. 25 by the Vancouver Fraser Port Authority. The port reported a 14% decrease in overall container volumes to 1.6 million TEUs in the first half of 2023 versus the same time period in 2022, a reflection of a softening economy. Imports fell about 18%, while exports rose 14%, according to port data. Meanwhile, grain, auto and cruise businesses drove trade growth at the…
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Ships Asked to Curb Night Anchorage Moves Around Canada’s Gulf Islands

Ships Asked to Curb Night Anchorage Moves Around Canada’s Gulf Islands

In an effort to lower the impact of trade on its coastal communities, the Vancouver Fraser Port Authority is asking commercial vessel operators anchoring around British Columbia’s Gulf Islands to curb arrivals and departures at night. Starting July 1, the port authority has encouraging ships operators to conduct arrivals and departures in the area between 7 a.m. and 11 p.m. as a way of curbing noise. A six-month trial is being conducted before a permanent decision is made. The time window is part of a larger effort to reduce trade impact on communities. In 2022, more than 75 night vessel…
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Port of Vancouver, B.C. Sees Cargo Volume Gains, Losses in 2022

Port of Vancouver, B.C. Sees Cargo Volume Gains, Losses in 2022

Despite a strong second half, the Port of Vancouver in British Columbia, saw a 3% dip in cargo volumes in 2022, port data show. The Vancouver Fraser Port Authority, which oversees port operations, moved 141.4 million metric tons of goods in 2022, just short of the 146.5 MMT moved in 2021, according to data released in May. Bottlenecks along the supply chain and a drought-impacted harvest from 2021 were factors in 2022, with overall bulk grain volumes down 23%. The port did see a 4% growth in the second half of last year, however, thanks to robust grain and fertilizer…
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