Port of Vancouver cargo volume decreased 5.9 percent in first six months of the year

The Port of Vancouver’s total cargo for the half-year ending June 30, 2016 was 66.0 million metric tonnes, an overall decrease of 5.9 per cent over the same period in 2015.

The Port Authority notes a softening of volumes in all major commodities except grain, where increases in barley (up 41.8 per cent) and canola (up 40.1 per cent) contributed to overall growth in that sector.

“The slight decrease in cargo volumes in the first half of 2016 is expected, given the record year we experienced in 2015 and the softening global economy,” said Robin Silvester, President and CEO of the Vancouver Fraser Port Authority. “The long-term outlook for Canadian trade is one of growth, and the port will be ready to handle increased volumes through Canada’s west coast.”

In the container sector, volumes weakened in the first half of 2016 compared to last year, when the port experienced a temporary surge of cargo in 2015 as shippers chose to move freight through Canada due to labour disruptions at U.S. west coast ports.

Between January and June 2016, 1.4 million container TEUs (twenty-foot equivalent units) moved through the Port of Vancouver, representing a decrease of 6.5 per cent from the same period in the record-breaking 2015 year. Compared to 2014, 2016 volume is up 1.3 per cent.

Source: Vancouver Fraser Port Authority

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