The number of shipping containers passing through Canada's largest port fell sharply in the first half of the year, driven down by weaker consumer demand and a sputtering economy.
Container volumes at the Port of Vancouver fell 14 per cent in the first six months of 2023 compared with the same period a year earlier, the Vancouver Fraser Port Authority said Monday.
Consumer goods volumes fell 12 per cent year over year, a decrease driven mainly by lower demand but also overstocked inventories, he added. Nonetheless, Pang said the two-week strike by 7,400 B.C. dock and warehouse workers in July took a toll on operations, as month-over-month container shipments fell by a third and pushed many ships to other ports.
The port, which handles more than $275 billion in goods each year, continues to clear the backlog created by the job action, he added."But we're probably still another two months away from it being actually normal." Canadian growers and agricultural distributors in fields such as potash and pulse crops — lentils in particular — rely heavily on the Indian market, one they hope will remain open after reprisals by New Delhi that included suspension of visa services for Canadians.
In April, the federal government approved a contentious container port expansion project at Roberts Bank south of Vancouver, an undertaking that would double capacity by 50 per cent.
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