b'D TOP 20 CONTAINER PORTS13JAENCUEAMRBYE R20 22062 5ANALYSIS & PERSPECTIVE 7(INVESTINGcontinued fromdecades now, with billions ofThe Active Vessel Traffic(HANDLEDcontinuedwith private funding, this $650 China striking at heartManagement Program is nowfrom page 10) millioninfusionwillbring page 8) dollars going towards every-came into operation in Maythingfromnewporttermi- coordinatingmarinetrafficWonderfulCompanytobattery-electric,human-op-of Europes industrialmovementsacrosstheport,improveconnectionswitherated,zero-emissionequip-2024 and resulted in a surgenals to advanced digital tools ofcrudeoilexports,whichtoupgradedrailways,roadshelping streamline more thanCalifornias Central Valley andment to our docks, along with and innovation model 3,000 annual vessel calls andbringmore Americanexportsnew charging stations and 250 were up by 365% in the firstand pipelines.halfof2025toalmost12Keyprojectscurrentlykeepingtradeflowingeffi- through our Port. At the heartZE(zeroemission)drayage million metric tonnes (com- underwayorrecentlycom- ciently and reliably. of the agreement is the Won- trucks. Five of our terminals pared with H1 2024). pleted at the port that will sup- BHPisbuildinga4.5derfulLogisticsCenterinYusen,Everport,Trapac, By Stuart Todd, AJOTOverall, the first half ofport Canadian efforts to growMMT potash export facilitythecityofShafter(CA)aFenix and APMTare already 2025 saw the ports 29 majortrade and strengthen access toatWestshoreTerminalsto3,400-acreindustrialdevel- ordering equipment.Returning from what was hisFrances colors to the mast, con-terminalsandmorethanoverseas markets include: moveexportsofthecriti- opmentstrategicallylocatedThatsamegrantwill fourth state visit to China at thevincing its EU partners to do the 1,000 tenants move a recordTheRobertsBankTer- cal mineral from the JansenalongtheBNSFRailwayshelpbringshoresidepower end of last week, French Presidentsame, to form a united European 85millionmetrictonnesofminal2containerterminalmineinSaskatchewantomainline.Thisfast-growingto the Wallenius Wilhelmsen Emmanuel Macron has threatenedfront, will be no simple task. For cargo.Thisrepresentedaremainsontracktostartoverseas markets. hubalreadyservicescom- AutoTerminalinWilming-Beijing with tariffs in the comingexample, German firms still have months if itin mid-year tradea strong presence in China. AndPlanning is underway topanieslike Amazon,Target,tonone of the West Coasts 13% jumpdoes not take mea- constructionin2028,with sures to reduce its highest s tradehe admits that Europein gestdredge near Second NarrowsWalmartandRossstores,busiest auto import and export volumestheenormou mid- operationsexpecteds big the surplus with the EU. economy is not yet fully on board year jump in 15 years. mid-2030s.Thenewland- toimproveshippingeffi- makingitastrategicinlandfacilities.Forthefirsttime, In an interview with Frenchwith the French approach. How-Theportisontracktomass and terminal will deliverciencyintheBurrardInlet,gatewayforgoodsmovingroll-on/roll-off vessels will be business newspaper, Les Echos,ever, under Chancellor Merz, it have moved record Canadianpremium industrial land andincludingfacilitatingthethrough our Port. With a newabletoplugintocleanelec-heclaimedthatChinawastooisbecomingawareoffthe trade in 2025 (the data is stillunlock $100 billion of annualpotentialforvesselscallingrailcenterplannedforthistricity safely while docked.strikingattheheartoftheimbalances that exist with China.beingfinalized)ashugecontainer trade capacity.TransMountainsexpandedyear, a dedicated shuttle trainSSAMarineoperating Europeanindustrialandinno- Macrongoesontoargue volumesofcommoditiesDP Worldisontracktoterminaltomorefullyloadwill run between Shafter andthe fruit terminal at Berth 55 vationmodel,whichhashis- thatthepathtorestoringbal-such as grain, coal, crude oillaunchtheportsfirstdedi- with crude oil exports. our port complex, streamlin- has completely converted its torically been based on machineance between Europe and China and potash made their way tocated short-sea shipping facil- DP World opened a newing the flow of Central Valleyfleet of 44 heavy duty fork-toolsandautomobiles,addingrequires efforts on both sides.overseas markets through theitythissummer,connecting1MMTcanolaoilexportexports to global markets. lifts to battery electric power. thatPresidentDonaldTrumpsFirst, Europe must re-commit protectioniststanceContainertoeport toofciliti peti on V ss - facility in 2025, helping moreEPACleanPortGrant.Its our first terminal to fully Pacificgateway.wasonlyth a policyfa com estivene n , amaking matters worse.robust incouverIslandcontinued onCanadiangrainproductsThe EPA Clean Ports grant istransitiontozero-emissions volumes were also(STRIKING andboosting The American response ispage 12) Steel coils are displayed at a ThyssenKrupp steel factory in Duisburg, Germany. REUTERS/Leon Kuegeler2025, as the Port of Vancou- resiliency and fluidity. reach new markets. movingforward:Togethercargo-handling equipment.inappropriateandexacerbates versfourcontainertermi-ourproblemsbyredirecting nals handled everything from Chinese flows massively to our importsofconsumergoods markets, Macron pointed out.andmanufacturinginputs, As a result, we are caught to exports of specialty grain betweenthetwo,anditisa and forestry products. One in matter of life and death for Euro-every two containers handled pean industry. We have become the adjustment market,moves byaCanadianport and that through the Port of Vancou-is the worst-case scenario.The EUs trade deficit with verwithanestimated3.8 China is estimated to have sur-millionTEUshandledin passed300billionin2024. 2025(thisdataisalsostill The 27 European Union mem-being finalized).berscannotsettradepolicy, WeknowthePortof includingtariffs,individually, Vancouverhasasignificant instead being represented by the roletoplayhelpingmove EU Commission.mor Macron underlined that Chi-eofthegoodsCanadanasws,aninesand alled ufac-gro rise md the unrivmancom-petitiveness of its industry was a tures to markets overseas, as serious issue for Europeans. Nev-wesupporteffortstodiver-ertheless, he remained hopeful that sifytradeandnavigatea there was still a way to amicably verydynamicinternational resolve the unsustainable trade tradelandscape,saysJane surplus between Europe and China Banham,DirectorofTrade and expressed his willingness to DevelopmentattheVancou-adopt a give and take approach with the raserPort egime. hority, verFXi Jinping r Autthe Howeral ,agencywasked fedever hehadtarned theChinesethatiftheydid with enabling Canadas trade not respond, Europe would be through the Port of Vancouver. forced, in the coming months, Ourfocusisoncreat-totakedecisiveactionand ingareliabletradegateway follow the example of the U.S., that connects Canadians and such as imposing tariffs on Chi-theirbusinessestodiverse nese products.world markets. A vital part of Macronindicatedthathe had discussed this with the with ourworkispartneringPres-ident of the andgovernment industryEuropean Commis-sion, Ursula von der Leyen.toinvestintheportandits supplychainstoensurethe a utomobiLeS : F irSt - evergatewaycontinuestoserve t raded eFicitand benefit all Canadians.In 2025, for the first time, Europe will have a trade deficit withChinaintheautomobile sector, and the situation is dete-riorating even more rapidly for automotivepartsaccordingto OEM sub-contractors.Andthisdevelopmentis notjustdowntothesteady growth in Chinese car volumes heading for markets in the EU andtheUKbutalsoexports ofvehiclessuchastheBMW Mini,VolkswagenCupraand Tesla Model 3 made in China - a result of Western manufac-Jane Banham, Director of Trade turersseekingoutlower-cost Development, VFPAmanufacturing conditions.c As recently as 2022, the bal-UrrentP rojectS atP ortancewaspositive,inEuropes V sportcom-ancouverfavor, at 15 billion.munityhasinvestedstrate-gicallyandconsistentlyin e veningo ut thep LayingF ieLdcapacityandinnovationfor WhileMacronhasnailed'