Tuesday, December 18, 2018

Up for Sale, Ridley Terminals puts its best foot forward with November results

The stats are showing some strong results for November
for Prince Rupert's RTI 

While the Federal Government continues along with its process of seeking a new buyer for Prince Rupert's Ridley Terminals Inc., the coal terminal is doing its part of polishing up the facility by showcasing some strong numbers for shipments in November.

The results for Ridley show a slight increase in from one year ago when the November results of 2017 are compared to those for 2018.

The Year to Date review shows an increase of more than one million tonnes shipped out of the Prince Rupert facility to this point, with 8,206,980 tonnes shipped out this year compared to this time last year, when the coal terminal had shipped just under 7 million tonnes.

Performance numbers from Ridley Terminals up to November 2018
(click to enlarge)

The Port of Prince Rupert numbers for RTI  were highlighted by the financial service S&P Global Platts, which noted that the positive numbers from Ridley made for the highest monthly total for exports since November of 2012.

The Federal Government announced the launch of the sale process for Ridley Terminals back in November, with both the Metlakatla First Nation and Lax Kw'alaams set to take no a ten percent share of the company before it is sold off.

You can review the wider overview of Port Performance findings here.

For more background on Ridley Terminals see our archive page here.

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