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THE Port of Montreal moved 1.7 million TEU in 2021, despite facing several challenges and crises.
Driven by the changing consumer habits in the context of the Covid-19 pandemic, the port saw a 7.5 per cent year-on-year rise in container volumes, reports London's Port Technology.
Overall, the port handled a total of 34 million tonnes of goods last year, a 3 per cent decline compared to 2020.
Operating income also remained stable as it amounted to US$117.7 million in 2021, up from $116.6 million the previous year. Expenditures for the year came in at $104 million.
Keeping in mind the port's financial income, its net profit was reportedly $19.7 million in 2021.
Last year, several of the Port of Montreal's major infrastructure projects reached new milestones. These include the completion of the first phase of its Contrecoeur terminal project and the start of the last major step in its vast rehabilitation project of the Alexandra Pier, which began in 2014.
These projects, among others, aim to improve the long-term performance and efficiency of the supply chain and port facilities.
In 2021, the Montreal Port Authority (MPA) marked several sustainability achievements through the conclusion of major partnerships for the development of more low-carbon fuels and the move towards decarbonisation.
In June last year, the MPA signed a collaboration and development agreement with Greenfield Global in order to work on energy solutions.
Through these partnerships and the installation of digital solutions, the port has seen a 33 per cent reduction in greenhouse gas (GHG) emissions since 2007.
"The past year tells us one thing, and that is how necessary it is to know how to adapt, in all circumstances, to disruptions, unforeseen events and factors outside the normal course of operations that may affect the supply chain," said Martin Imbleau, president and director general of the MPA.
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