Prairie exports power cargo growth at Port of Thunder Bay
The Port of Thunder Bay is reporting above-average cargo tonnage as of October 31. Port terminals have handled 6.9 million metric tonnes of cargo so far this season. This figure is 10% higher than last year and 5% higher than the 5-year average, noted Tim Heney, the port's President and CEO.
The month of October was notable for strong coal and potash movement. Both commodities are mined on the Prairies and shipped in bulk from Thunder Bay to other Great Lakes / Seaway ports as well as international ports. Coal and potash shipments for the month of October were twice- and three-times the normal levels, respectively.
Grain volumes held steady in October, maintaining a seasonal increase over last year mostly due to higher shipments of Manitoba canola to international ports. At just under half a million metric tonnes, direct exports of canola from Thunder Bay by foreign-flagged saltie vessels are at an all-time high.
The first week of November has remained busy, particularly for salties departing the Port with grain.