Canada Shipping Report Q3 2015
BMI View: The narrowing of Canada's current account deficit will continue over the coming years, aidedby sharp exchange rate depreciation and improving economic conditions in the US. Lower oil prices willcurtail export growth in 2015, which will hold back the country's shipping industry somewhat, butmanufactured goods exports will increasingly pick up the slack, ensuring a secular decline of the currentaccount shortfall.
Based purely on annual growth, rather than total tonnage handled, the shipping industry's outperformer in2015 is set to be the Port of Montreal (5.62% year-on-year gains) in tonnage terms and the Port of PrinceRupert in box terms (an impressive 16.24% increase).
Headline Industry Data
Port Metro Vancouver tonnage throughput is forecast to grow 2.00% in 2015. We project throughput toreach 142.42mn tonnes by the end of 2015.
Port Metro Vancouver container throughput is forecast to increase by 5.20% to reach 3.06mn twenty-footequivalent units (TEUs) in 2015.
Port of Montreal tonnage throughput is forecast to increase by 5.62% to reach 32.16mn tonnes in 2015.
Port of Montreal box throughput is forecast to grow by 4.40% to reach 1.49mn TEUs.
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