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

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.”

 

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