Port of Vancouver
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The Port of Vancouver is the largest port in Canada and the most diversified port in North America. The Port of Vancouver trades $43 billion in goods with more than 90 trading economies annually. The Vancouver Port Authority is the Canadian crown corporation responsible for management of the port, which includes all of Burrard Inlet and Roberts Bank Superport in Delta.
The Port has 25 major marine terminals. The Centerm container and break bulk terminals are leased by P&O Ports, which was recently acquired by Dubai Ports World.
The Port generates 30,100 direct jobs through its activities. Employment is generated by five sectors related to the Port: maritime cargo, cruise industry, capital investment in Port facilities, shipbuilding and repair, and non-maritime enterprises. Maritime cargo is the largest of the sectors, generating more than 21,000 direct jobs. The cruise sector is the next largest, generating almost 5,600 direct jobs. Factoring in the multiplier effects (including indirect jobs), the Port has a total employment impact of 69,200 jobs across all five sectors. The jobs created by the Port are on average 52% higher than the average wage in British Columbia.
The Port contributed $1.8 billion dollars in direct GDP and $4.1 billion dollars in direct economic output to the Canadian economy in 2004. When multiplier effects are taken into account, these figures increase to $4.0 billion in GDP and $8.9 billion in economic output. The Port's economic impact extends into Western Canada and beyond, with most of the exports shipped through the Port produced outside of Greater Vancouver, and many of the imports intended for markets outside of the Lower Mainland.
The Port is the homeport for the Vancouver-Alaska cruise, which occurs annually from May to September, with around 1 million revenue passengers on about 300 sailings passing through the Port's two cruise terminals: Canada Place and Ballantyne. In 2006 the Port will host 28 ships at its two cruise terminals.
In 2005 the Port handled 76.5 million tonnes, up 4% from 2004's 73.6 million tonnes. The Port also handled 1.7 total containers, 910,172 cruise passengers, and 105,246 foreign vessels.
In 2005 the Port's top import & export partner nations were:
- China - 16,310
- Japan - 15,574
- South Korea - 7,145
- United States - 3,647
- Brazil - 3,101
- Germany - 2,727
- Taiwan - 2,594
- Mexico - 1,742
- India - 1,719
- Italy - 1,638
References
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