Port Metro Vancouver Release Sustainability, Financial Reports

By George Backwell
Monday, June 09, 2014
Frontispiece financial report: Image Port Metro

Port Metro Vancouver informs that it has released its fourth annual Sustainability Report and 2013 Financial Report. Both reports together cover the period of January 1, 2013 to December 31, 2013 and provide a summary of Port Metro Vancouver’s overall performance.

Sustainability Report 2013

The report is a  Global Reporting Initiative B+ level, independently assured report that provides information on the sustainability topics of greatest significance to Port Metro Vancouver and its stakeholders. It is designed to provide greater transparency and accountability in how Port Metro Vancouver conducts business, and to offer a platform for sharing performance and receiving feedback.

Key accomplishments outlined in the 2013 Sustainability Report include:

  • Port Metro Vancouver completed 198 environmental reviews on proposed projects and activities to identify and mitigate effects on land, air and water.
  • A 12% increase in participation in the EcoAction program, which promotes emission reduction measures by offering discounted harbour rates to shipping lines.
  • Participation in more than 500 community engagement events.
  • 82 cruise vessels successfully connected to shore power at Canada Place, enabling ships to shut off their diesel powered engines thereby reducing gas emissions by more than 3,000 tons.
  • Port Metro Vancouver was named in Aon Hewitt’s Green 30 for the second consecutive year.

Financial Report 2013
This report outlines Port Metro Vancouver’s commitment to financial self-sufficiency and the reinvestment of profits to continually improve port facilities, infrastructure, and services for users, as well as to enhance environmental programs and to benefit local communities. Key accomplishments outlined in the report include:

  • Re-affirmation by Standard & Poor’s of our AA credit rating, for the fourth consecutive year.
  • A 12% increase in overall consolidated revenue, from $189 million in 2012 to $212 million in 2013.
  • The purchase of the former Fraser Wharves auto terminal in Richmond for $56 million.
  • The completion of the South Shore Elevated Road Structure, on time and on budget.

Both reports are available for download via: http://www.portmetrovancouver.com/en/about/corporate/accountability.aspx

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

List: Top Five UK Ship Owners

Following last week's landmark referendum results, VesselsValue has compiled a list of the top five U.K.-based shipowners and their total fleet value in USD billions.

FMC's Doyle Addresses VGM Rules

U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement on the upcoming implementation of the SOLAS Convention’s verified gross mass (VGM) requirements:   On Friday,

Maritime Knowledge Hub Opens in the UK

Business owners across the U.K. wanting to drive growth in the maritime sector are being urged to engage with the newly opened Maritime Knowledge Hub in Birkenhead, Liverpool City Region.

Ports

FMC's Doyle Addresses VGM Rules

U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement on the upcoming implementation of the SOLAS Convention’s verified gross mass (VGM) requirements:   On Friday,

Lerwick Port Set to Receive Largest Cruise ship

Lerwick Harbour’s record-breaking cruise season will hit the first of several milestones this season on Thursday (30 June) with the arrival of Azura, the largest

LPG Carrier Makes First Commercial Transit through Expanded Panama Canal

On June 27, the expanded Panama Canal opened for commercial transit, and Lycaste Peace, a very large liquefied petroleum gas (LPG) carrier operated by NYK, was

Finance

Baltic Index Rises on Greater Vessel Demand

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday, boosted by demand that is driving rates up across vessel segments.

CMA CGM Crosses 91.05% Ownership Threshold of NOL

CMA CGM S.A has crossed the compulsory acquisition ownership threshold in Neptune Orient Lines Limited (NOL).    Following its all-cash voluntary conditional

Baltic Index Rises for Fifth Consecutive Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday for a fifth straight session on stronger demand across all vessel segments.

Environmental

Lloyd's Register Extends Drilling Rig Integrity Support

Exploration begins by BHP Billiton using the Deepwater Invictus rig and supported by Lloyd’s Register’s rig integrity team. Lloyd’s Register (LR) announced it

Groningen Seaports First in Line for Damen InvaSave

The first production version of Damen’s InvaSave ballast water treatment system – intended for use at Groningen Seaports – will be on display at the upcoming ‘DelfSail’

Charting the Shift of Oceanic Boundary Currents

Global warming results in fundamental changes to important ocean currents. As scientists from the Alfred-Wegener-Institute show in a new study, wind-driven subtropical

Logistics

FMC's Doyle Addresses VGM Rules

U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement on the upcoming implementation of the SOLAS Convention’s verified gross mass (VGM) requirements:   On Friday,

Baltic Index Rises on Greater Vessel Demand

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday, boosted by demand that is driving rates up across vessel segments.

Six-Month High for Service Reliability

Ocean carriers achieved a six-month high for liner service reliability in May, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1329 sec (8 req/sec)