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AMERICAS OIL: Port of Vancouver reaches record cargo volumes in 2024

AMERICAS OIL
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Port of Vancouver reaches record cargo volumes in 2024, as crude oil exports soar: Yahoo Finance

  • Yahoo cites a Canadian Press story saying The Port of Vancouver grew 5% to a record 158 million tonnes in 2024, driven partly by crude oil exports that surged thanks to the Trans Mountain Pipeline expansion.
  • Container traffic rose 11% from 2023 in a return to pre-pandemic levels following a spike driven by demand for consumer items at the height of COVID-19.
  • However, extreme weather such as wildfires that halted freight trains and work stoppages at B.C. ports and both major railways hampered activity.
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Port of Vancouver reaches record cargo volumes in 2024, as crude oil exports soar: Yahoo Finance

  • Yahoo cites a Canadian Press story saying The Port of Vancouver grew 5% to a record 158 million tonnes in 2024, driven partly by crude oil exports that surged thanks to the Trans Mountain Pipeline expansion.
  • Container traffic rose 11% from 2023 in a return to pre-pandemic levels following a spike driven by demand for consumer items at the height of COVID-19.
  • However, extreme weather such as wildfires that halted freight trains and work stoppages at B.C. ports and both major railways hampered activity.