VanPort reports cargo volume upswing

VANCOUVER — Port Metro Vancouver says that overall tonnage over the first half of 2010 increased nearly 20 percent, totaling 58.4 million tonnes, with breakbulk cargo leading the growth.

The port says that investments to improve efficiencies and capacity during last year’s slowdown are now paying off.

"Significantly improved half-year numbers are good news for all Canadians and signs of continued growth point to a return to 2008 pre global economic downturn levels possibly as soon as 2011," said Robin Silvester, president and CEO, Port Metro Vancouver.

Total foreign tonnage increased 19 percent, to 45.5 million tonnes, with increased foreign exports to growing Asian economies leading the way; while total domestic tonnage increased, to 12.9 million tonnes, up from 10.7 million tonnes last year.

Specifically, breakbulk is up 24 percent overall, with value-added forest products being the key driver.

Bulk is up 22 percent thanks to strong demand for Canadian commodities like coal and potash.

As a result of improved consumer spending , containers are up 12 percent.

As well, auto volumes are up 6 percent, returning close to 2008 levels, reports Port Metro Vancouver.

The port operator says its recent Collaboration Agreement with CN has helped set the stage for more reliable, efficient service. The port looks forward to further improvements thanks to similar agreements with CP Rail.