 Increasing volumes of exports to Asian economies in the first half of 2010 helped push foreign shipments to 45.5 million tonnes, a 19% increase compared with the same period last year, according to mid-year statistics released by Port Metro Vancouver.
Domestic tonnage also increased 20% to 12.9 million tonnes. Statistics released Friday morning reveal the only sector experiencing a decline this year to date is the cruise ship industry. While there were 105 voyages to date in 2009, there have only been 70 in 2010. Breakbulk shipments are up 24% this year with value-added forest products the key driver behind the growth. The port attributed a 22% increase in bulk shipments to growth in Asian economies and strong demand for Canadian commodities like coal and potash. Increasing consumer spending and demand for consumer goods helped boost container shipments by 12% so far this year. Auto volumes are up 6%, returning close to 2008 levels. Port president and CEO Robin Silvester said, “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.” He said the port used the downturn as an opportunity to define processes and investments to improve efficiencies and capacity and to collaborate with customers and stakeholders. “We are pleased to see that while cargo through the port has increased again, we have reduced our carbon footprint and improved customer service.”
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