"West Coast Of Canada Ports
And Coal Exports"
When it comes to Canada’s ports, it’d be evident to say that the port is experiencing a booming growth. Since 2012, the share of Canada’s ports is inevitable and increasing, as most of its US counterparts had declined to enter in the segment. Talking about U.S. west coast segment, the market share is a surge of a fall, from handling an average of 88.4% of shipments to just 80% of them in 2012 was alarming. The figure has fallen further till date, on the other hand, Canada’s west coast shipment container work experienced a boom from 11.6 % to ravishing 14% in just a year. The shift in the percentage points towards the number of jobs as well as the scope of development for those who are seeking a career in the field.
Blow To US Ports
"Comparing to US Ports"
While United States ports like Tacoma, Portland, and various others have observed their PNW shares drop, Canadian PNW ports like Prince Rupert and port Vancouver’s PNW share have increased from 41% to an alluring 47% since the year 2008. Talking about coal exports in the region, the country is ranked 12Th for the production of coal in the world. Majority of Canada’s coal is located in the regions like Alberta as well as British Columbia. When it comes to an average distance amidst the export ports and coal mines, it stands at around 1100 kilometers. West Coast ports act as a catalyst when it comes to ensuring the smooth production and run of Canadian coal around the world.
Port Metro Vancouver: The Giant
"The Giant Port at Vancouver"
Talking about the terminals of the port metro Vancouver, the region is the largest coal export terminal in the whole North America. Prince Rupert which is situated in British Columbia has Ridley Terminals. Another coal terminal is located in the port of Thunder Bay in the Ontario region of Canada. By the mid of the fiscal year 2013, Canadian terminals like Westshore, Neptune, as well as Ridley, accounted for an investment of over CAD 1 Billion for the purpose of increasing their capacity as well as efficiency. This would lead to a sudden jump in the coal production, around 30 metric tonnes of coal would be handled and produced in a couple of years. The Canadian government has also developed & deployed a coal transfer facility in Port Metro Vancouver at Fraser Surrey Docks.
According to the data obtained by IEA, the development of terminals as well as port capacity associated with West Coast are expected to grow further by 3.4%, this would mean that coal production, as well as handling capacity, would stand at 39 metric tonnes by the fiscal year 2019.
Canada & CCS Technologies
"Canada's CSS Technologies"
With country’s goal to emerge as a leader in the CCS technologies around the world, the Canadian government is continuously supplying federal funds for the purpose of achieving a clean energy tech research. The proximity of the location of West Coast to that of Asia opens the gate of a commendable percentage of coal exports for the country. This would mean the country would leverage both, its coal production capability & location proximity to achieve endeavors in CCS technology segment around the world. This would mean, the lower grade coal might become economical as well as viable.
Verdict
"Vancouver Port and Prince Rupert Verdicts"
Both, ports of Prince Rupert & Vancouver are not less than any Goldmine for Canada. From the business point of view, investment here could mean getting the best bang for your buck. Both of the ports have a booming potential to generate a humongous number of jobs, these ports are vital & would stay the same for Canadian trade. The government has buffered financial resources for the same to ensure a harmonious business supply chain. Every day, an array of businesses is figuring out that associating with Canadian ports for the shipping purposes is a win-win for both as Canada continues to mark its presence in the Asian-pacific markets. To support this, Port Metro Vancouver processed over 140 million metric tons of cargo in the year 2014 alone, while in 2013 the production was only 128 million metric tons. Market proximity is paying off the Canadians, unlike their North American counterparts, Vancouver and Prince Rupert ports are closer to Asian marketplace and hence, they have attained an upper-hand.