Solid H1/2019 for Port of Vancouver
In Canada, the Vancouver Fraser Port Authority (VFPA) has reported its 2019 mid-year cargo statistics for goods moving through the harbour. Between January and June 2019, overall cargo through the port moved sideways (+0.5%) in comparison to the period last year, reaching a total of 72.5 million t.
Robin Silvester, VFPA's president and CEO, commented: “While Canada is certainly not exempt from the challenges impacting global trade, the diverse range of trading partners and cargo handled through the Port of Vancouver ensures that the entire port remains resilient, despite variations in any one sector or commodity.”
Container throughput reached a new mid-year record of 1.7 million teu, an increase of 3.5% compared to H1/2018. Moreover, rising global demand for Canadian grain resulted in a new mid-year record of 14.8 million t (both containerised and bulk volumes). Increases in wheat, up 22.4%, and specialty crops, up 34.2%, more than off-set the 12.6% decrease in canola exports at mid-year. (cd)