16 August 16

Halifax is the fastest-growing North American port

The Port of Halifax, Canada, has recorded the highest growth in container volumes in the first half of the year of all North American ports.
Container throughput at the port, which is located on the East coast of Canada, went up by 20% year-on-year, from 197,000 teu in the first six months of 2015 to 235,000 teu in the same period of 2016.
According to local media, Halifax’s fast growth can be attributed mainly to a low Canadian dollar and the port’s ability to handle the big vessels arriving from Asia via the newly-expanded Panama and Suez canals.
In 2015, to prepare for the opening of the new Panama Canal, the port deepened and lengthened its piers to be able to handle the 13,000 teu new Panamax ships.
The project followed a series of investments made by the port authority and the facilities’ terminals since 2004 for developments including the purchase of super post-Panamax cranes.
The other North American ports failed to reach Halifax’s high growth rate in the first half of 2016, despite growth in ports such as Miami (6%).
Other major ports in Canada recorded losses, with Vancouver and Montreal suffering a 5.5% and a 2.3% drop respectively in their container volumes.
On the US East Coast, the Port of New York/New Jersey fell by 1.7%, the Port of Savannah by 7.7% and the Port of Charleston by 3%.

Source: Container Management

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