Port Saint John has already moved more than 100,000 TEUs during the current year, which is an all-time record for the Canadian port.
The port said that it expects increased box volumes in the future, as it continues along its growth trajectory. The port’s capacity volumes are anticipated to reach 800,000 TEUs upon completion of construction at the DP World-operated container terminal in the next couple of years.
The private sector, the Canadian government, and the port itself have invested more than $500 million in recent years in the development of Port Saint John.
“This momentous milestone marks the start of a new journey for Port Saint John as our growth trajectory is on track to place us as one of the top container ports in Canada,” pointed out Craig Bell Estabrooks, president and CEO at Port Saint John.
With construction nearing completion at the expanded box terminal, outcomes of the project are already being realised with the attraction of the largest shipping lines, offering four weekly services through the port, which now finds itself as the second fastest growing container port on the East Coast of North America with Class I rail optionality reaching into North America important markets.
“This is a significant milestone for Port Saint John which will position it as a main Atlantic Gateway. Together with our partners, we are making major investments in DP World Saint John and the supporting logistics eco-system to enhance Canadian trade efficiency and provide sustainable economic growth for the region,” commented Maksim Mihic, CEO & general manager at DP World (Canada) Inc.
John Brooks, CP executive vice-president and chief marketing officer, noted, “the investments made in Port Saint John, combined with CP’s return to this congestion-free port after a 20-year absence, have unlocked strategic potential that sat untapped for too many years.”
