News
The Vancouver Fraser Port Authority has released the 2019 year-end statistics for cargo moving through the Port of Vancouver. Overall, cargo through the port was 144 million metric tons for the year, down 2% from the 2018 record of 147 million metric tons but the second highest in port history. Sectors that experienced declines, including foreign petroleum products and domestic forest products, were offset by record growth in other sectors including potash, grain and containers.
Shipping container quantities, measured by 20-foot equivalents or TEUs, were a record 3.4 million TEUs, a slight increase of 0.1% compared to 2018 results. While the sector is forecast to continue to grow, 2019 results reflected a number of factors including trade conflicts and shipping lines adjusting services based on market conditions.
