2022
Annual
Report
THRIVING COMMUNITIES.
SUSTAINABLE DEVELOPMENT.
The Port of Prince Rupert was not immune to supply chain headwinds in 2022 resulting in a drop in cargo volumes for the second consecutive year, with 24.6 million tonnes of cargo moved through the Gateway. The slight year-over-year decrease reflects the mounting challenges brought on by multiple disruptions affecting trade through the port, including production challenges, rapidly changing global energy demands, supply chain congestion, and geopolitical and economic uncertainty amid a highly competitive shipping landscape over the past 12 months.
The flow of trade through the Prince Rupert Gateway has a direct impact on the economy not only locally, but throughout northern BC, the province, and Canada as a whole. The decrease experienced by various lines of business only highlights the need to continue to diversify the port complex to create a gateway that is sustainable, resilient, and steady through market fluctuations. Conversely, the strong 2022 performance that was witnessed in LPG exports, wood pellet exports, and cruise validates the diversification that has occurred over the past decade.
The Prince Rupert Port Authority (PRPA) and its partners continued that work in 2022 – laying the foundation to diversify and expand the Port’s capabilities to enable Canadian trade. Focusing on evolving the services and capacities of the Port of Prince Rupert, including projects currently in development such as container terminal and logistics service expansions, as well as the growth and diversification of existing terminals and the creation of new export facilities needed to support Canada’s role in global energy security. As these projects reach critical decision points, 2023 will define the future of the Prince Rupert Gateway.
The Port has the opportunity to secure over $2 billion in new project investment, which represents supply chain capacity and resiliency for Canada, and new employment, economic opportunity and tax base for the local community and surrounding region. PRPA’s commitment to realizing a vision of a competitive, diverse, sustainable gateway will ensure we continue to build a better Canada, and a better Prince Rupert, by growing trade.
We are honoured to operate on the lands and waters of the Sm’algyax speaking Ts’msyen people and work with Indigenous communities to develop meaningful relationships and take steps to ensure our joint values are reflected in a shared vision for the future.
That future includes working towards a greener, more sustainable port and shipping industry through environmental initiatives that minimize impacts, develop technology and innovation, and lead the maritime industry to adapt to global climate priorities.
None of this would be possible without the people working in the gateway industry who support ongoing and future operations. Their skills and dedication continue to solidify Prince Rupert as one of the most productive and innovative gateways in North America.
We would like to thank PRPA’s team of dedicated staff, the people propelling our success and our future.
We encourage you to visit our full Annual Report online here for a more detailed review of our 2022 activities.
Sincerely,