VANCOUVER, B.C. — Casco Terminals and Canadian Stevedoring Company have been sold to P&O Ports, much to the delight of the Vancouver Port Authority (VPA).

The VPA says the announcement is welcome news for the entire port.

“P&O Ports has an excellent reputation in the maritime industry,” says Capt. Gord Houston, president and chief executive officer of the VPA. “We view this as a tremendous opportunity for growth and redevelopment to enhance trade and strengthen employment at the Port of Vancouver.”

Casco Terminals runs Centerm, one of three container terminals formerly owned by the Port of Vancouver.

“The announcement of this sale provides further proof that the Port of Vancouver will continue to offer high productivity, cost-competitive service and state-of-the-art facilities to shippers who choose this port,” says Houston.”