The Port of Vancouver is really the Vancouver Fraser Port Authority and its prime responsibility is to regulate activity in the port to ensure safety and compliance with rules governing a host of issues.
If Jervis Ports is developed It is likely that its operating terminals and volume of shipping will decline materially as operations move from the Vancouver area to Jervis Inlet. However, some terminals will remain in Metro Vancouver particularly in the Roberts Bank area. It is expected that the main exodus will be from the north and south shores of Burrard Inlet as the vacated industrial land is redeveloped into higher value uses such as residential and commercial properties.
However, a port authority will be put into place to apply regulation at Jervis Port as well. Our expectation is that the Ministry will extend the borders of the Authority to include Jervis Ports Inc. The Ministry of Transport will make that decision in due course.
Thus, the potential for conflicts of interest as have arisen in the past. The authority will clearly be responsible for matters of compliance; Jervis Ports will clearly be responsible for serving the needs of its tenants and the importers and exporters; and the many stakeholders will be responsible for their part in the supply chain.
The vast majority of the land and the foreshore rights are owned by the federal government in various arrangements.
The government leases the land to the terminal operators in long term leases with renewal terms that provide adequate tenure to provide adequate stability to enable terminal operators to make appropriate capital expenditures and establish appropriate arrangements to accommodate financings.
Statistics Canada ranks exports by dollar value. Many of our exports are resource based. Accordingly, the dollar value per tonne is relatively low, or to look at this another way, for the dollar value, the volume of product to be shipped by rail and ship is huge. Thus, shipping costs are of critical importance.
Here they are:
|Exports (CDN $ billions)||Imports (CDN $ billions)|
|Vehicles, aircraft & vessels||92.6||115.2|
|Machinery and appliances||53.5||150.6|
|Precious metals & related||28.3||13.7|
|Plastics and rubber||20.3||30.1|
|Prepared food stuffs||19.8||25.9|
|Pulp and paper||18.6||10.8|
|Live animals and animal products||17.1||7.2|
|Wood, wood products and related||15.4||4|
|All other products||36.2||93.3|
The foregoing lists Canada’s top 15 industrial export groups with comparative numbers for imports of the same groups. Interestingly, the vast majority of the mineral products is petroleum products. British Columbians will be surprised with the rankings of pulp and paper and wood products.
*Source: Statistics Canada