At its annual general meeting held May 31, the Saint John Port Authority reported overall cargo tonnage at Port Saint John for the year 2021 was 28.8 tonnes, an 11 percent increase over 2020.
The port is still behind its 2017 cargo tonnage record of 30.5 tonnes. In 2021 919 vessels called at the port.
In the container sector, the Port experienced its fifth consecutive year of growth in both TEUs and tonnage throughput. Containers rose year-over-year to 86,949 TEUs (10 percent over 2021) with tonnage increasing to 617,312 tonnes, a six percent rise over 2021.
In other cargo sectors, dry bulk cargo increased to 1.9 million tonnes in 2021, a 123 percent increase over 2021, with two commodities being predominately responsible for the growth, potash and recycled metal. Potash more than doubled year-over-year rising from 619,230 tonnes in 2020 to 1.6 million MT in 2021. Recycled metal cargo grew by 46 percent as compared to 2020 volumes.
Net income climbed from $1,877,000 in 2020 to $4,732,000 in 2021.
“While our annual meeting is a time to look at our past performance, we at Port Saint John are ever focused on what comes next. For us what comes next is enhancing this gateway to provide even greater supply chain resiliency on Canada’s East Coast as we respond to private sector demand for capacity up to 800,000 TEUs per year,” said Port CEO Craig Bell Estabrooks.
Collaboration with supply chain partners to maximize the use Port Saint John infrastructure continues to produce results. An example is the attraction of another Hapag-Lloyd’s original Mediterranean service to Saint John in May of 2021 which has since grown to include a second offering (North Europe Express) in 2022.
Three of the world’s top container lines now regularly call Saint John on a weekly basis: MSC, CMA-CGM, and Hapag-Lloyd.
The CEO also noted construction on the West Side Modernization Project, within DP World’s multi-purpose cargo terminal, continues to progress toward completion by early 2023, while the recently announced enhanced modernize project will complete in 2024.