This Business in Vancouver article includes the following comments about container carriers and terminals:
- West Coast ports suffered an overall 23.3 per cent drop in volume - the biggest decline in over seven years.
- Demand growth for container cargo movement “has dropped off a cliff.”
- Regardless of how global container cargo movement is being measured, “it is now less than what we did pre-pandemic.”
- Most of the supply chain bottlenecks at major container cargo hubs have been removed.
- We’re seeing a lot of capacity come back on stream at exactly the same time as we are seeing demand collapse.
- Average global container port throughput growth is likely to drop to 0.2 per cent in 2022’s third quarter, down from 8.2 per cent in the same quarter in 2021.
Rather than building the Port Authority of Vancouver’s massive, artificial container terminal island in the ecologically sensitive Salish Sea that will create excess and unneeded container terminal at a cost to taxpayers of more than $3.5 Billion, there is a better option!
GCT Global Container Terminals (GCT) Deltaport Berth 4 is a smart, phased, privately-funded, environmentally-conscious, and phased approach that will add West Coast container terminal capacity incrementally as it is needed, according to market conditions, and at no risk to Canadian taxpayers. Learn more at www.betterdeltaport.ca.