The Prince Rupert Port Authority stated that 2015 was a strong year for PRPA’s finances.

Port revenues hit record $53 million in 2015

The Prince Rupert Port Authority highlighted strengthened relationships with local stakeholders.

The Prince Rupert Port Authority (PRPA) last week highlighted strengthened relationships with local stakeholders while presenting the successes of its diversified growth strategy in 2015.

Details of the PRPA’s activities and financial results were discussed during its Annual Public Meeting, held Thursday afternoon at the Crest Hotel in Prince Rupert.

A total of 19.6 million tonnes were processed by the port’s terminal operators in 2015, representing a decrease of 5.6 per cent from the 20.7 million tonnes shipped in 2014. Despite a decrease in total volume through the port, volumes of grains and biofuel remained strong, and intermodal cargo through Fairview Container Terminal saw a 26 per cent annual increase for a record total of 776,412 TEUs.

The port also stated that 2015 was a strong year for PRPA’s finances, with a record total revenue of $53 million and total assets surpassing $200 million.

“In addition to increasing the competitiveness of our Canadian gateway, we are particularly proud of the investment of time and resources into our partnerships with the organizations that keep goods moving safely and efficiently through the Port of Prince Rupert,” said Bud Smith, chair of PRPA’s board of directors. “Our success is built not only on the relationships we foster with customers and supply chain partners, but also on our ability to share values and benefits with the governments and residents of the communities where we operate.”

Don Krusel, CEO and president of the Port of Prince Rupert said despite market pressures, last year, the port continued to position itself as a responsible global player.

“In a world of fluctuating commodity prices, safely navigating the turbulent waters of the trade and transportation sector is critical to our success,” Krusel said.

“In 2015 we were able to make significant investments in infrastructure that expand our capacity for cargo, as well as implementing safeguards that protect this trade and the natural resources that we steward on British Columbia’s north coast.”

 

Just Posted

Cause of Kitkatla seaplane crash released

TSB report on seaplane crash during a water landing in May 2016, Inland Air has since changed policy

UPDATE: Coal train derailment near New Hazelton

CN reports no injuries or dangerous goods involved after coal train derailment in Northern B.C.

Rampage beat Quesnel to wrap up the season

The win puts Prince Rupert in second place in the CIHL

Kurka keeps thing official

The longtime hockey referee has been on the ice in Prince Rupert for more than 30 years

Rampaging toward the playoffs

The Prince Rupert Rampage beat the Terrace River Kings 8-5 on Jan. 20

VIDEO: New whale rescue equipment comes to Rupert

Fisheries officers took to the water to practice saving stranded whales

Carriers wanted for the Northern View

We have open routes for carriers all over Prince Rupert

Bell Media, NFL take appeal over Super Bowl ad rules to top court

At issue is a ban on substituting American ads with Canadian ones during the game’s broadcast

Crown seeks 4.5 years jail for B.C. woman convicted of counselling tax evasion

Debbie Anderson the latest from group to face jail for teaching debunked ‘natural person’ theory

Brother of B.C. teen killed by stray bullet says the death left a void

Alfred Wong, 15, was gunned down in Vancouver while on his way home from dinner with his family

Movie filmed in Castlegar B.C. opens Friday

Hollow in the Land starring Dianna Agron will be playing in select cinemas.

Cougar window shops at Banff grocery store

An RCMP officer spots a cougar outside an Alberta grocery store

Police fear fewer fentanyl imports don’t signal the end of the overdose crisis

RCMP say it’s just as likely that criminal are getting more clever

Most Read