As Canada focuses on diversifying its trade partners, momentum is building to increase energy exports by ship and to fast-track major infrastructure approvals. The impact of these proposals on the number of international vessels calling at Canada’s Pacific ports would be a rise of as much as 60 percent by 2040, if all currently proposed projects proceed as planned – or more, if new projects are proposed and completed. This growth is largely driven by expanded LNG exports and increased containerized freight. The report forecasts an increase from approximately 3,186 vessels per year today to over 5,299.
Read the Report Here