By Andrew Macdonald
Halifax Port: Economic Glance
As I wrote on Saturday, a new mini economic report has been issued by the Port of Halifax.
I touched on the economic spinoffs of the port’s cruise ship business, and today The Notebook focusses on the economic impact of the port’s main business line, the movement of containerized boxes.
There were 1,400 cargo vessels calling our port city in 2019 – serving 150 countries, with 18 container lines.
This resulted in 546,416 container boxes, called TEUs – which stands for twenty-foot equivalent units.
A container box being lifted at the Port of Halifax. Garrison Brewery’s Brian Titus photo.
More cargo now comes from China, while the United Kingdom, occupies the second spot for the port’s cargo origins.
The rest of the countries shipping into Halifax, by ranking, include:
3. Belgium.
4. Germany.
5. United States.
6. India.
7. Singapore.
8. Bagladesh.
9. Thailand.
10. Vietman.
The economic spinoff of the Port of Halifax for the city, the province and the region now tallies: $ $2.454 billion.
THE GDP spinoff from our port now tallies: $1.27 billion.
There were 1,600 cargo vessels calling the Port of Halifax in 2019.
The total payroll related to port activities in 2019 reached $760 million.
The total direct jobs from local port activities now reach 13, 600.
And that’s a glance at the performance of the Port of Halifax.
