The port authority is collaborating with Dubai-based DP World to study the feasibility of constructing a second container terminal
The dream of Prince Rupert in northern British Columbia becoming a major gateway for Asian trade is getting revived as the city shakes off its hard-luck image.
The port authority is also proposing an export logistics project on Ridley Island as part of efforts to improve the flow of cargo, including “intermodal” freight – goods transported inside standardized metal containers that are readily transferred among trains, trucks and ships. Mr. Hays touted Prince Rupert’s location as a competitive advantage that has shorter shipping times to and from Asia when compared with Vancouver or Los Angeles.
Prince Rupert enjoyed widespread prosperity during the post-Second World War period, bolstered by a pulp mill that opened in 1951. “People made huge money,” Mr. Pond said.In 2011, amid the excitement over liquefied natural gas, Mr. Pond was employed by BG Group PLC’s proposed Prince Rupert LNG project on Ridley Island and worked on the plans until 2016.
Typical prices for single-family detached houses surged to $443,000 last year, up 160 per cent when compared with a decade earlier. The shipping industry deploys large vessels to carry containers, which are reusable steel boxes measured as 20-foot equivalent units or TEUs. Cargo is shipped in such containers, including imported consumer goods from Asia and exports of Canadian raw materials such as grain.
The port authority, which reports to federal Transport Minister Pablo Rodriguez, serves as the landlord for tenants such as DP World on the Fairview site and Trigon Pacific Terminals Ltd. on Ridley Island. Trigon CEO Rob Booker has worked hard to overcome skepticism about the B2BC project. After showing a Japanese trade delegation the early stages of B2BC’s construction in June, he emerged optimistic about the demand side of ammonia.
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