Port of Vancouver's mid-year stats show record first-half



    VANCOUVER, Aug. 1 /CNW/ - The Port of Vancouver experienced record
overall tonnage growth during the first half of 2007 and posted gains in all
business sectors with the exception of breakbulk tonnage, according to
mid-year statistics released today by the Vancouver Port Authority (VPA).
    In June, the Port of Vancouver also showed its highest ever volume for a
one month period, with overall tonnage at 7.8 million. With June numbers alone
almost 300,000 tonnes higher than the previous high last October, 2007 is
shaping up to be a record year.
    "June represents a landmark month for the Port of Vancouver and
underscores a continuing growth trend for the gateway, led by Canadian bulk
exports," said Chris Badger, VPA's Vice President, Customer Development and
Operations. "As a trading nation, this is likely good news for Canada's
economy".
    Overall, total tonnage increased by 4.5 per cent to a record 39.9 million
tonnes. Bright spots included potash volumes, which surged by nearly 137 per
cent to more than 3 million tonnes, and lumber volumes, which jumped by almost
25 per cent to 1.4 million tonnes.
    The port has also seen a 25 per cent increase in cruise passengers so far
this season, with the addition of Celebrity's Mercury home porting in
Vancouver, and the continued growth of BC's tourism industry.
    "The increase in cruise traffic marks a turning point after several years
of reduced passenger volumes," said Badger.
    Coal continued as the top commodity by volume, and together with
increases in potash reflects a strong recovery from a slow start to the year
due to weather and rail service issues. Sulphur volumes decreased by 14 per
cent, due to lower Canadian production and high domestic demand so far this
year.
    Growth in minerals, metals and inorganic chemicals reflects continued
economic expansion and manufacturing activity in Asia as well as booming
construction activities in BC and Alberta. Inorganic chemicals including
caustic soda, locally used in manufacturing pulp, paper and textiles,
increased 80 per cent.
    Strong trade flows between Canada and the US saw petroleum products,
particularly crude oil and jet fuel, increase 18 per cent.
    Lumber and other wood products rose significantly, in part due to recent
growth in demand from Japan. Woodpulp exports decreased due to a strong North
American domestic market as well as competition from South America and Asia.
    Container traffic at the Port of Vancouver increased by five per cent,
reflecting growth of laden import and export traffic. Volumes reached
1,086,640, up from 1,035,189 at the mid-year mark in 2006. Stronger than
anticipated outbound laden container traffic is contributing to a very
positive outlook for the year overall.
    Grain traffic at the port decreased overall as some wheat exports were
diverted through the Port of Prince Rupert, while a share of canola business
to Mexico was shipped over land by rail rather than by sea. Volumes of
specialty grains and other cereals increased by 6 per cent and 64 per cent
respectively with increasing demand for Canadian product from Asia and the
Indian sub-continent.
    Breakbulk cargo was down slightly in response to an increasing shift of
breakbulk volumes to containers and a reduction in steel imports, as well as
the decline in woodpulp exports mentioned earlier.
    The following is a statistical summary by sector and major commodity:

    
    Port of Vancouver - 2007 Mid Year Stats

                                         June 2007    June 2006       Change
    Containers                                 YTD          YTD           (%)

    Total TEU                            1,086,640    1,035,189            5%
    -   Import Laden TEU                   556,732      527,983          5.4%
    -   Export Laden TEU                   410,224      378,103          8.5%

    Cargo Type

    Total Tonnage                       39,886,189   38,164,010          4.5%
    Dry Bulk                            24,530,514   23,932,171          2.5%
    Liquid Bulk                          4,568,995    3,977,921         14.9%
    Breakbulk                            1,518,346    1,630,556         -6.9%
    Containerized                        9,268,334    8,623,362          7.5%

    Commodities

    Coal                                11,723,477   11,557,021          1.4%
    Sulphur                              2,543,705    2,966,096        -14.2%
    Potash                               3,135,976    1,323,641        136.9%
    Forest Products                      4,620,553    4,432,781          4.2%
    -   Lumber                           1,389,383    1,115,534         24.5%
    -   Woodpulp                         1,785,642    2,184,573        -18.3%
    Grain, Special, Crops and Feed       6,879,535    7,654,170        -10.1%
    -   Canola                           2,147,736    2,275,743         -5.6%
    -   Wheat                            2,255,481    2,946,339        -23.4%

    Chemicals, Metals and Minerals       3,592,606    3,338,334          7.6%
    Petroleum Products                   2,963,221    2,512,663         17.9%

    Cruise
    Passengers                             368,189      292,816         25.7%
    

    The Port of Vancouver is Canada's largest and most diversified port,
trading more than $53 billion in goods with more than 100 trading economies
annually. Port activities generate 69,200 jobs in total with $4 billion in
Gross Domestic Product and $8.9 billion in economic output.





For further information:

For further information: Duncan Wilson, Vancouver Port Authority, (604)
665-9067 (office), (604) 665-9073 (fax), (778) 231-6991 (cellular),
duncan.wilson@portvancouver.com; For more information on any of these stories,
call 1-888 PORTVAN. Or, send an email to: public_affairs@portvancouver.com

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