Seaports Magazine - Spring 2018 - 10

» FEATURE

BUSINESS BOOM
PORTS REPORT
RECORD-SETTING 2017
By Mary Lou Jay

nyone wondering if U.S. and
Canadian ports have finally
recovered from the 2007-2009
recession has only to look at
the record-setting numbers for 2017 that
many have posted.
The Port of Halifax in Nova Scotia handled its highest-ever containerized cargo
volume in 2017 - 559,242 TEUs - up 16
percent over 2016. The previous record
of 550,462 TEUs was set pre-recession,
in 2005. The port's cruise industry also
enjoyed record numbers in 2017, with 173
vessel calls carrying 292,722 passengers.
"There are a number of factors contributing to this growth, starting with a collaborative effort among key partners and
stakeholders to increase cargo volumes.

This group includes the terminal operators,
ocean carriers, CN Rail, labor, tug operators
and marine pilots," said Lane Farguson,
the port's communications adviser. Global
factors include the widening of the Suez
Canal, the expansion of the Panama Canal,
the raising of the Bayonne Bridge and the
new alliances among shipping lines, which
are bringing larger vessels to the port.
On the West Coast, "2017 was the best
year of our 107-year port history," said
Mario Cordero, executive director, Port
of Long Beach. He credits the port's high
numbers to its infrastructure investments
and outstanding customer service.
"We, as a port, have probably invested
more in infrastructure than any other port
in the nation, $4 billion over a 10-year

Another record set: The Zim Antwerp, 10,062 TEU and 349 meters long, docked in Port Halifax
in June 2017. It was the largest vessel ever to visit the port. PHOTO: HALIFAX PORT AUTHORITY
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10

AAPA SEAPORTS MAGAZINE

period," he said. Another $3 billion in
infrastructure spending is planned for the
next decade.
The port's geographical location for the
Trans Pacific Trade Route has a provided
another advantage. "Today, a container
coming from Shanghai through Long Beach
can get to Chicago 11 days sooner than any
other trade route," Cordero said.
Long Beach's neighbor, the Port of Los
Angeles, moved more cargo in 2017 than in
any of its previous 110 years of operations:
9.3 million TEUs, a 5.5 percent increase
over 2016's record-breaking year.
"I think we've done a tremendous job in
providing comfort levels to the beneficial
cargo owner community; [they know] that
the southern California gateway is in good
shape to handle business consistently, reliably going forward as well," said Eric Caris,
cargo marketing director. "One of the biggest issues for beneficial cargo owners is
risk avoidance, and having an agreement
through 2022 on the labor front can only
be a positive thing."
Another factor in the increase is the
improved profitability of the shipping lines.
"They've done an enormous job trying to
create a better balance between supply and

ACL Atlantic Sea calling at Fairview Cove
Container Terminal operated by Ceres-Halifax.
PHOTO: HALIFAX PORT AUTHORITY


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Seaports Magazine - Spring 2018

Table of Contents for the Digital Edition of Seaports Magazine - Spring 2018

AAPA Headquarters
From the President’s Desk
Business Boom: Ports Report Record-Setting 2017
One-Sided Investments – U.S. Ports Call for Federal Support of Long-Term Infrastructure Development
Ship Shape: Ports Navigate Their Niches to Find Their Areas of Expertise
Finding the Right Mix – A Latin American Port’s Perspective
Dredging Demands
Water Resources System Integral to Competitiveness of US Economy and Security
Port-Based Welfare Provision: It’s About Collaboration
Index of Advertisers
Seaports Magazine - Spring 2018 - Intro
Seaports Magazine - Spring 2018 - cover1
Seaports Magazine - Spring 2018 - cover2
Seaports Magazine - Spring 2018 - 3
Seaports Magazine - Spring 2018 - 4
Seaports Magazine - Spring 2018 - 5
Seaports Magazine - Spring 2018 - AAPA Headquarters
Seaports Magazine - Spring 2018 - 7
Seaports Magazine - Spring 2018 - From the President’s Desk
Seaports Magazine - Spring 2018 - 9
Seaports Magazine - Spring 2018 - Business Boom: Ports Report Record-Setting 2017
Seaports Magazine - Spring 2018 - 11
Seaports Magazine - Spring 2018 - 12
Seaports Magazine - Spring 2018 - 13
Seaports Magazine - Spring 2018 - One-Sided Investments – U.S. Ports Call for Federal Support of Long-Term Infrastructure Development
Seaports Magazine - Spring 2018 - 15
Seaports Magazine - Spring 2018 - 16
Seaports Magazine - Spring 2018 - 17
Seaports Magazine - Spring 2018 - 18
Seaports Magazine - Spring 2018 - 19
Seaports Magazine - Spring 2018 - Ship Shape: Ports Navigate Their Niches to Find Their Areas of Expertise
Seaports Magazine - Spring 2018 - 21
Seaports Magazine - Spring 2018 - 22
Seaports Magazine - Spring 2018 - 23
Seaports Magazine - Spring 2018 - Finding the Right Mix – A Latin American Port’s Perspective
Seaports Magazine - Spring 2018 - 25
Seaports Magazine - Spring 2018 - Dredging Demands
Seaports Magazine - Spring 2018 - 27
Seaports Magazine - Spring 2018 - 28
Seaports Magazine - Spring 2018 - 29
Seaports Magazine - Spring 2018 - 30
Seaports Magazine - Spring 2018 - Water Resources System Integral to Competitiveness of US Economy and Security
Seaports Magazine - Spring 2018 - Port-Based Welfare Provision: It’s About Collaboration
Seaports Magazine - Spring 2018 - 33
Seaports Magazine - Spring 2018 - Index of Advertisers
Seaports Magazine - Spring 2018 - cover3
Seaports Magazine - Spring 2018 - cover4
Seaports Magazine - Spring 2018 - divider1
Seaports Magazine - Spring 2018 - divider2
Seaports Magazine - Spring 2018 - 40
Seaports Magazine - Spring 2018 - 41
Seaports Magazine - Spring 2018 - 42
Seaports Magazine - Spring 2018 - 43
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