Port of Vancouver sees expansion as crucial even as global shipping slumps


Source: theglobeandmail.com theglobeandmail.com

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Almost 3.6 million TEUs of exports and imports went through the Port of Vancouver last year, down 3 per cent compared with 2021.Alia Youssef/The Globe and Mail The federal agency that manages Canada’s largest port says expanding its cargo capacity is crucial, despite a slowdown in container volume amid a lingering slump in the global shipping industry. The Vancouver Fraser Port Authority received approval last month from the federal government to construct the $3.5-billion Roberts Bank Terminal 2 container project. Upon completion of RBT2 near Delta, B.C., the Port of Vancouver’s container capacity would rise about 50 per cent by...