Market Report, "Canada Shipping Report Q2 2015", published

The country's two largest ports - Port Metro Vancouver and the Port of Montreal - are both set to see healthy growth in terms of both the tonnage and container spheres, echoing the positive growth expected to occur in the wider Canadian economy. Indeed, total trade growth, buoyed by exports, will return to the positive in 2015 following two years of contractions.

Based purely on year-on-year (y-o-y) growth, rather than tonnage handled, the outperforming Canadian port is set to be the Port of Prince Rupert, which is pencilled in to see y-o-y gains of just over 12% in 2015. The Port of Montreal is poised to come in first place in terms of annual tonnage growth (4.83%).

Headline Industry Data

* Port Metro Vancouver tonnage throughput is forecast to grow 2.39% in 2015. We project throughput to reach 143.76mn tonnes by the end of 2015.
* Port Metro Vancouver container throughput is forecast to increase by 5.2% to reach 3.1mn twenty-foot equivalent units (TEUs) in 2015.
* Port of Montreal tonnage throughput is forecast to increase by 4.83% to reach 30.40mn tonnes in 2015.
* Port of Montreal box throughput is forecast to grow by 4.40% to reach 1.49mn TEUs.

Full Report Details at
- http://www.fastmr.com/prod/956843_canada_shipping_report_q2_2015.aspx?afid=301

Key Industry Trends

Container Truckers At Port Metro Vancouver Threaten To Strike - Container truckers, under the Canadian union Unifor, have voted for industrial action to take place once again at Port Metro Vancouver if the government fails to comply with an agreement about pay rates. An agreement had been reached between the port and the provincial and federal governments in March 2014 following a strike by the truckers but the truckers have claimed that the government failed to abide by the agreement. According to BC Area Director for Unifor Gavin McGarrigle the agreement was supposed to be implemented within a period of 30 days, but even after eight months, it still remains to be put into action (Globalnews).

Montreal Port On Track To Construct Container Terminal - Canada's port of Montreal...

The Canada Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Canada.

BMI's Canada Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Canada.

Key Benefits

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