Canpotex Board decides against proceeding with Prince Rupert Terminal

Canpotex Ltd has announced that its Board of Directors has decided not to proceed with construction of a new export terminal at the Port of Prince Rupert in British Columbia.

With highly efficient export terminals in Vancouver, Saint John and Portland, Canpotex has stated it has sufficient port access and terminal capacity options.

“This decision was made after careful deliberation of Canpotex’s current and anticipated terminal capacity needs, and the options we have to meet those needs” said Ken Seitz, Canpotex’s President and Chief Executive Officer. “We sincerely appreciate the relationships developed over the years this project was considered. We thank all project stakeholders and community members for their constructive interactions with Canpotex and interest in the project.”

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/22062016/canpotex-board-decides-against-proceeding-with-prince-rupert-terminal/