Boom in Canadian port on the Atlantic
In the first three quarters of 2021, cargo streams at the Port of Saint John where 19% above the same period in 2020. The first three quarters of 2020 saw 18.6 million t of cargo, with 2021 recording 22.2 million t by the end of September. In the first nine months of 2021, the container tonnage moved via Port Saint John is 6% higher than 2020.
The 2021 start of ocean carrier Hapag Lloyd’s regular container service, joining MSC and CMA CGM as regular container service providers at the Port, pushed this rise in volumes. Hinterland connections also improved.
The launch of CP Rail’s east coast advantage strategy and rail services through the acquisition and improvement of the former CMQR line in the State of Maine gave Port Saint John the status of an Atlantic Canadian port with two Class I national rail providers.
Developments like the continuation of the USD 205 million west side modernisation project, which is due to be completed in 2023, are expected to provide another boost to the port's performance. (sh)