Saint John port sees big gains following massive setback

Despite losing half of its shipping container traffic, Port Saint John posted major gains in 2017, the port authority announced while discussingfiscal year resultsat its annual general meeting on Thursday

CEO Jim Quinn said the port moved nearly 30.5 million metric tonnes of product both in and out of Saint John in 2017 an increase of more than four million tonnesshipped from the previous year. Quinn said the majority of the increasecame from liquid bulk and potash exports.

"It was an extremely strong year," said Quinn. "Financially, it was probably best year the port's ever had."

The gains came following the surprise pull-out of the port's container operator, Tropical Shipping, in late 2016. Quinn said Tropical's sudden departure came as a shocksince it represented 50 per cent of the port's container business.

He said Port Saint John's terminal operator, DP World, was crucial in attracting a new container operator.

"They immediately went to work with the port and we were immediately successful in attracting CMA-CGM," he said.

From August 2017 to the end of the year,the port started to see a recovery in container volumes, he said.

Quinn said the port's west-side modernization project, when complete,is expected to triple the amount of container traffic when Tropical was in the city.

That project, which has been in the planning stages since 2011, is close to beginning. When it's complete, the $205-million expansion will see new wharf constructionand a deeper, wider channel by about 2022.

Quinn said work should begin on the first stages of the project this July, which means the first tenders for work will likely go out in a matter of weeks.

The port also managed to see a major rebound in potash exports. The closure of the Sussex PotashCorp mine in 2016 caused a significant decline in exports that year. But because ofrail exports, Port Saint John more than doubled its potash exports last year.

Calls from cruise ships are also on an upswing. There has beenasteady increase in ship calls since 2014, when they dropped dramatically.Quinn said with the forward planning of cruise lines, the next two years will see more improvements.