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 Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

NYK Line Joins PNW West Coast Metro Pool

Effective October 20, 2014, NYK Line has become a member of the PNW West Coast Metro Pool (WCMP) operated by Trac Intermodal. The WCMP operates chassis at all major marine terminals,

ISS Manages Heavy-lift Project at Port of Mombasa

Inchcape Shipping Services (ISS) announced it has completed another complex heavy-lift project in Africa, this time at the Port of Mombasa in Kenya. ISS was

Ports

NYK Line Joins PNW West Coast Metro Pool

Effective October 20, 2014, NYK Line has become a member of the PNW West Coast Metro Pool (WCMP) operated by Trac Intermodal. The WCMP operates chassis at all major marine terminals,

ISS Manages Heavy-lift Project at Port of Mombasa

Inchcape Shipping Services (ISS) announced it has completed another complex heavy-lift project in Africa, this time at the Port of Mombasa in Kenya. ISS was

New Gate Transits the Panama Canal

The first gate for the new locks in the Pacific side began transit Wednesday morning through the Panama Canal, signaling another historic milestone in the progress of the Expansion Program.

Finance

Gulf Craft to Invest $100m in Dubai Shipyard

Company plans to invest $100 million over the next five years in the development of a new shipyard in Dubai Maritime City to build a global luxury yachts manufacturing

Pentair Reports 3Q 2014 Sales of $1.8 bi

Pentair plc today announced third quarter 2014 sales of $1.8 billion. Sales were up 3 percent compared to sales for the same period last year. Third quarter 2014

FortisBC Starts Expansion of Tilbury LNG Facility

FortisBC – a subsidiary of Fortis Inc. has officially started construction of its $400 million Tilbury LNG Facility expansion project today. The company is adding 1.

Environmental

Court Dismisses Boating Industry’s Challenge to EPA Misfueling Rule

The National Marine Manufacturers Association (NMMA) said it is disappointed with the U.S. Court of Appeals decision released on Tuesday, October 21, 2014 for the D.

New Dual Use Piracy Barrier Launched

Guardian Maritime launched Guardian Greenwater, a new product that was developed to deal with the issue of greenwater on-board deck following turbulent weather conditions,

Australia Join Operation RENDER SAFE

Australian Defence Force (ADF) personnel have arrived in Bougainville to address a potentially deadly legacy posed by unexploded ordnance from past conflicts as part of Operation RENDER SAFE 2014.

Logistics

NYK Line Joins PNW West Coast Metro Pool

Effective October 20, 2014, NYK Line has become a member of the PNW West Coast Metro Pool (WCMP) operated by Trac Intermodal. The WCMP operates chassis at all major marine terminals,

Long Beach Cargo Continues to Climb

Cargo container traffic rose 7.3 percent in September at the Port of Long Beach compared to the same month last year, making for the Southern California seaport’s busiest September since 2007,

Continership Alliance Expands to US Trades

The CKYHE Alliance (COSCO, "K" LINE, Yang Ming, Hanjin Shipping, and Evergreen Line) has announced they will expand their cooperation scope to U.S. Trades and CKYHE

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.3666 sec (3 req/sec)