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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Canadian Government Approves Vancouver Port Terminal Project

Canadian Government Approves Vancouver Port Terminal Project

Following an environmental assessment process, the Government of Canada has approved the Roberts Bank Terminal 2 Project in British Columbia, the Vancouver Fraser Port Authority announced April 20. The project, which involves constructing new land and a new three-berth container terminal close to other terminals at Roberts Bank, is expected to eventually build out Canada’s container capacity on the West Coast by about one-third, adding 2.4 million TEUs of capacity. The extra capacity the Port of Vancouver is expected to bolster the country’s supply chain resilience and allows the port to better handle cargo volume increases, plus bring major economic…
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