“The past year tells us one thing, and that is how necessary it is to be able to adapt, no matter what the circumstances, to disruptions, unforeseen events and factors outside the normal course of operations that can affect the supply chain,” said president and CEO of the Montreal Port Authority (MPA), Martin Imbleau, commenting on the positive results for 2021, that showed a 7.5% increase in the port’s container volumes.
The port of Montreal handled 1.7 million TEUs in 2021, a number that has benefited from increased orders for consumer products worldwide due to changing consumer habits in response to the pandemic, according to the port’s announcement.
In total (container and bulk cargo sector), 34 million tonnes of cargo were handled at the Canadian port, a number reduced by 3% compared to 2020.
Meanwhile, revenue from operations remained stable at US$117.7 million in 2021, compared to US$116.6 million in 2020, while expenses reached US$104 million. Additionally, capital investment for 2021 amounted to US$111 million.
Following the trend of the shipping industry and the overall supply chain, the Port of Montreal is working to eliminate greenhouse gas emissions, having achieved a 33% reduction since 2007.
The port said that despite the labor disputes, the Covid-19 pandemic, the fires in the West of the country and the disruptions in the global supply chains, it managed to show remarkable signs of growth, “which demonstrates agility”.
MPA’s commitment to decarbonising its activities by 2050 and its recent membership in the United Nations Global Compact are part of its vision that puts energy transition at the core of its priorities.
Furthermore, MPA’s recent collaboration with Canadian National Railway Company (CN) for the development of the rail network in Contrecoeur, Canada contributes to the goal of designing and constructing a new terminal with optimal operational efficiency.
