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Port's Annual Public Meeting Highlights Strong Performance, Value of Diversification

EFFECTIVE THURSDAY, JUNE 18, 2015

PRINCE RUPERT, BRITISH COLUMBIA — The Prince Rupert Port Authority (PRPA) today released details about its increased diversification while reaffirming its commitment to a long-term sustainable growth strategy. Details of the PRPA's activities and financials were discussed during its Annual Public Meeting, held today at the Crest Hotel in Prince Rupert.

A total of 20.7 million tonnes were processed by the port's terminal operators in 2014, representing a decrease of 10% from record 22.9 million tonnes shipped in 2013. Despite a decrease in total volume through the port, several terminals posted record volumes, including a 15% annual increase in intermodal cargo through Fairview Container Terminal. 2014 was also a remarkable year financially for PRPA, with significant increases in net income, total assets and capital expenditures.

“In 2014 the Port of Prince Rupert continued its evolution as an international port and North American gateway, and achieved world-class standards in vessel safety, cargo security, environmental monitoring and community engagement,” said Bud Smith, Chair of PRPA’s Board of Directors. “This port’s importance to the trade and economy of BC and Canada cannot be understated. Canadian exports moving through the port measure over five billion dollars annually. We work to ensure that the communities and the families that depend on trade also continue to enjoy its benefits.”

In previous years, PRPA documented the Port’s annual highlights and achievements in a comprehensive printed annual report, distributed locally and regionally to the many communities within the reach of its gateway. For 2014, PRPA released an interactive, digital version of its annual report and accompanying financial statements.

“Being a steward of the natural resources that surround our port demands hard work and innovation,” said Don Krusel, President and CEO of the Prince Rupert Port Authority. “We are striving to foster vigorous trade, thriving communities and sustainable growth, and this year’s record revenues have allowed significant investments in port infrastructure and projects that improve the quality of life in our communities.”

The Port of Prince Rupert’s 2014 Annual Report is available at 2014.rupertport.com.

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FOR MORE INFORMATION, PLEASE CONTACT:

Michael Gurney
Manager, Corporate Communications
Prince Rupert Port Authority
Direct: 250 627-2509
Email: mgurney@rupertport.com