Port Metro Vancouver: Pats on the Back

Press Release
Wednesday, June 05, 2013

The Financial and Sustainability Reports cover the period January 1, 2012 to December 31, 2012 and together provide a summary of Port Metro Vancouver’s overall performance, as set out below:

“Port Metro Vancouver is seeking ways to engage with communities and improve the Port and region’s long-term sustainability,” said Robin Silvester, President and Chief Executive Officer, Port Metro Vancouver. “This Gateway must thrive so that we can continue to support the B.C. economy – but we must also grow in a way that balances impacts in the Lower Mainland.”
Key accomplishments outlined in the 2012 Financial Report , “Leading, Planning and Investing”, which combines our audited financial statements with our Management Discussion and Analysis, include:

    •    Affirmation from Standard & Poor’s of our AA credit rating, for the third consecutive year.
    •    Operating revenues increased by three per cent to a record of $186 million.
    •    We secured a new five-year loan agreement to ensure liquidity for our capital needs.
    •    Completion of two Gateway Infrastructure Fee projects on time and on budget: the Lynn Creek Rail Bridge in North Vancouver and the 80th Street Rail Overpass in Delta.

Key accomplishments outlined in the 2012 Sustainability Report , “Leading, Listening and Responding”, which focuses on material issues of significance to our stakeholders, such as port growth and land use, safety and security, reliability and competitiveness, and our impact on community and the environment, include:

    •    We conducted 210 environmental assessments, of which only five were formally required by legislative triggers
    •    60 cruise vessels connected to Shore Power at Canada Place and shut off their engines – reducing greenhouse gas emissions by more than 2,200 tonnes.
    •    We led or participated in more than 600 community engagement events.
    •    Port Metro Vancouver was recently named to the 2012 “Green 30” list of Canadian organizations whose employees are most positive about their record on environmental stewardship.

To learn more and read both reports, click here.




 

Maritime Today


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

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

People & Company News

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

Ports

Long Beach Port Maintains Strong Bond Rating

Fitch Ratings, one of the top three U.S. credit analysis agencies, has affirmed the Port of Long Beach’s “AA” rating on its outstanding debt. Fitch stated the AA rating — its highest for U.

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

Gender Identity Spat Sinks Spending Bill

The rancorous political debate over sexual identity unexpectedly prompted the Republican-controlled House of Representatives to rejected an energy and water spending

Finance

Defense Appropriations Bill Includes $1 Bln for US Icebreaker

The U.S. Senate Appropriations Committee’s FY2017 Defense Appropriations Bill has included $1 billion in funding to accelerate construction of a new polar icebreaker for the U.

Higher Capesize Demand Pushes up Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday buoyed by higher demand for capesize vessels.

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

Environmental

Seaspan Acquires Eighth 14000 TEU Vessel

Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 14000 TEU containership, the YM Width. The new containership, which was constructed at CSBC Corporation,

GloMEEP Project Forges Ahead with Train-the-Trainer Workshop

A global Train-the-Trainer workshop on energy efficiency has been delivered in China (23-27 May), preparing the personnel needed to cascade knowledge on energy

Long Beach Port Maintains Strong Bond Rating

Fitch Ratings, one of the top three U.S. credit analysis agencies, has affirmed the Port of Long Beach’s “AA” rating on its outstanding debt. Fitch stated the AA rating — its highest for U.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Ship Electronics Ship Repair Sonar Winch
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: 0.1208 sec (8 req/sec)