Mar 5, 2011 - 7 years ago
By Supply Post
B.C.’s trade growth through Canada’s Pacific Gateway expanded dramatically in 2010. Container traffic increased 22 per cent, bulk trade increased 15 per cent and coal volumes doubled at the Port of Prince Rupert, while rising 25 per cent at Port Metro Vancouver. In addition, air cargo through Vancouver International Airport (YVR) increased by a significant 18 per cent over 2009.
The Asia-Pacific region also experienced the largest passenger traffic growth for YVR, increasing 9.5 per cent in 2010. Canada’s Pacific Gateway is well placed to take advantage of this booming trade.
Minister of Transportation and Infrastructure, Shirley Bond and Pacific Gateway Alliance executives from Port Metro Vancouver, Port of Prince Rupert, Canadian National, Canadian Pacific, Burlington Northern Santa Fe Railway and Vancouver International Airport went on a 10-day trade mission to Korea, Japan, Hong Kong and China in November 2010.
Some of the results of the mission included increasing demand for B.C. coal and wood pellets, as well as the following:
• POSCO, the world’s fourth-largest steel producer plans to increase its coal exports from B.C. by 15 per cent annually.
• Tokyo Electric Power Company (TEPCO) is interested in B.C.’s thermal coal and in exploring wood pellets as an alternative for electricity production for the city.
• Copper concentrate from the Copper Mountain Mine near Princeton will ship to Mitsubishi Materials Corporation of Japan through the Port of Vancouver.
• Itochu is considering shipping coal through Port Alberni from its proposed Vancouver Island mine.
The Pacific Gateway Alliance is a unique partnership of transportation industries and governments who are undertaking a $22-billion expansion of port, rail, road and airport facilities in British Columbia. The alliance actively promotes British Columbia as the preferred gateway for Asia Pacific trade and a one-stop supply chain for Asian businesses.