Annual meeting of the Montreal Port Authority – Benzinga – Press Release

Positive results from 2021 operations: a year of resilience and agility

MONTREAL, May 2, 2022 /CNW Telbec/ – This morning, President and Chief Executive Officer of the Montreal Port Authority (MPA) Martin Imbleau and Chairman of the Board Marie-Claude Boisvert presented the Port of Montreal’s 2021 operating results at the annual meeting. The meeting was held in hybrid format at the MPA head office.

Despite the challenges and crises that marked the year 2021, including a labour dispute, the context of the COVID-19 pandemic, fires in Western Canada and disruptions in global supply chains, the MPA posted positive results. Numerous infrastructure projects, higher container volumes, no port congestion, fewer emissions of greenhouse gases, and the MPA’s sound financial position are among the key accomplishments.

“The past year tells us one thing, and that is how necessary it is to be able to adapt, no matter what the circumstances, to disruptions, unforeseen events and factors outside the normal course of operations that can affect the supply chain. As a public service, we are doing everything we can to ensure the future of the Port of Montreal. We do this for local businesses that import and export products that are indispensable to their operations and vitality and, bottom line, we do this for the ultimate client, namely the consumer, the citizen,” said Martin Imbleau, President and Chief Executive Officer of the MPA.

Cargo traffic

Freight volumes were impacted by the events of the year in several ways.

The container sector, driven by changing consumer habits in response to the COVID-19 pandemic and the surge in orders for consumer products, posted a 7.5% increase in TEUs (twenty-foot equivalent units), with 1.7 million containers handled.

The dry bulk sector declined 6.2% to 7.9 million tonnes due to droughts in Western Canada that affected grain volumes. Conversely, there was strong growth in the volumes of minerals and fertilizers for the agri-food sector.

The liquid…