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The Port of Vancouver was the name of the largest port in Canada, the largest in the Pacific Northwest, and the largest port on the West Coast of North America by metric tons of total cargo, with 76.5 million metric tons. The port amalgamated with the Fraser River Port Authority and the North Fraser Port Authority in 2008 to form Port Metro Vancouver.
In terms of container traffic measured in twenty-foot equivalent units (TEU), the port ranked in 2006 as the largest port in Canada, the largest in the Pacific Northwest, the fourth-largest port on the West Coast of North America, and fifth-largest in North America overall.
The Port of Vancouver trades $43 billion in goods with more than 90 trading economies annually. The Vancouver Fraser Port Authority is the corporation responsible for management of the port, which, in addition to the city of Vancouver, includes all of Burrard Inlet and Roberts Bank Superport in Delta.
Economic Impact
The port generates 30,100 direct jobs through its activities. Employment is generated by five sectors related to the port: maritime cargo, cruise industry, capital investment in port facilities, shipbuilding and repair, and non-maritime enterprises. Maritime cargo is the largest of these sectors, generating more than 21,000 direct jobs. The cruise sector is the next largest, generating almost 5,600 direct jobs. Factoring in the multiplier effects (including indirect jobs), the port has a total employment impact of 69,200 jobs across all five sectors. The jobs created by the port pay on average 52% higher than the average wage in British Columbia.
The port contributed $1.8 billion dollars in direct GDP and $4.1 billion dollars in direct economic output to the Canadian economy in 2004. When multiplier effects are taken into account, these figures increase to $4.0 billion in GDP and $8.9 billion in economic output. The port's economic impact extends into Western Canada and beyond, with most of the exports shipped through the port produced outside of Greater Vancouver, and many of the imports intended for markets outside of the Lower Mainland.
The port is the home port for the Vancouver–Alaska cruise, which occurs annually from May to September, with more than 1 million revenue passengers on about 300 sailings passing through the port's two cruise terminals, Canada Place and Ballantyne. In 2006 the port hosted 28 ships at its two cruise terminals.
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