Port Of Halifax Releases Strong Numbers For 2001
January 28, 2002
Halifax, NS - The Port of Halifax cargo results for 2001 indicate a strong performance for the year. Total cargo surpassed 14 million tonnes, up form 13.94 million tonnes in 2000.
"Considering the general economic climate prevailing in 2001, particularly in the second half," said Karen Oldfield, Halifax Port Authority's recently appointed President & CEO, "we consider 2001 to be an excellent year for the Port."
Bulk cargo accounted for 9.2 million tonnes for the year. Container cargo totalled 4.41 million tonnes equating to 542,000 TEUs (twenty-foot equivalent units). Container cargo has shown steady growth over the past several years, with TEUs increasing by 17 percent in the three year period since 1999.
The Port's cruise business reached a record this year through a 200 day cruise season. The Port's 160,000 cruise passengers on 96 cruise calls represented a 16 percent increase over the previous year. The number of cruise passengers visiting Halifax has increased by 50 percent in three years.
The Halifax Port Authority's (HPA) preliminary financial results also reflect a strong showing. For 2001, the HPA earned a net income of $5.7 million on revenues of $18.3 million. Capital expenditures for the year were $9.2 million.
The Halifax Port Authority is a government business enterprise mandated by the Federal Ministry of Transport. The HPA leads in the development of the Port of Halifax, serving as a catalyst for the local, regional and national economies and has a mandate to be financially viable. The Port of Halifax has a total annual income impact of almost $700 million and an employment impact of over 9000 direct and indirect jobs.
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