CANADA's eastern port of Saint John moved 86,949 TEU in 2021 - marking the fifth consecutive year of growth in container volumes at the New Brunswick harbour, reports London's Port Technology.
Overall cargo tonnage at the port amounted to 28.8 tonnes in 2021, an 11 per cent increase over the previous year.
Saint John's revenue for last year came in at C$22.3 million (US$17.6 million), up from C$16.5 million in 2020.
Income from port operations rose to C$4.3 million, increasing nearly four-fold from the C$1.2 million the previous year. Net income for 2021 was reportedly C$4.7 million, up from the C$1.8 million in 2020.
'What comes next is enhancing this gateway to provide even greater supply chain resiliency on Canada's east coast as we respond to private sector demand for capacity up to 800,000 TEU per year,' said port CEO Craig Bell Estabrooks.
Mr Estabrooks also said that construction on the West Side Modernisation Project within its DP World multipurpose cargo terminal continued to progress towards completion by early 2023.
The CEO said the project would cover improvements to the port's pier and capital works to its container terminal that would surpass its regular maintenance and repair budget.
The Government of Canada has also contributed more than C$42 million to improve supply chain efficiency for Canadian shippers in Saint John and McAdam, New Brunswick.
A total of C$21.16 million has been set aside to upgrade rail terminals in both regions. A further C$21 million has been donated to the Saint John Authority to increase the cargo laydown capacity of the West Side Terminal.
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Overall cargo tonnage at the port amounted to 28.8 tonnes in 2021, an 11 per cent increase over the previous year.
Saint John's revenue for last year came in at C$22.3 million (US$17.6 million), up from C$16.5 million in 2020.
Income from port operations rose to C$4.3 million, increasing nearly four-fold from the C$1.2 million the previous year. Net income for 2021 was reportedly C$4.7 million, up from the C$1.8 million in 2020.
'What comes next is enhancing this gateway to provide even greater supply chain resiliency on Canada's east coast as we respond to private sector demand for capacity up to 800,000 TEU per year,' said port CEO Craig Bell Estabrooks.
Mr Estabrooks also said that construction on the West Side Modernisation Project within its DP World multipurpose cargo terminal continued to progress towards completion by early 2023.
The CEO said the project would cover improvements to the port's pier and capital works to its container terminal that would surpass its regular maintenance and repair budget.
The Government of Canada has also contributed more than C$42 million to improve supply chain efficiency for Canadian shippers in Saint John and McAdam, New Brunswick.
A total of C$21.16 million has been set aside to upgrade rail terminals in both regions. A further C$21 million has been donated to the Saint John Authority to increase the cargo laydown capacity of the West Side Terminal.
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