At present, fewer than 500 oil tankers transit along Canada's West coast each year. While most West coast oil tankers are U.S.-bound, about 200 call on Port Metro Vancouver. There hasn't been a tanker issue in the Port of Vancouver for 50 years. Source: IHS CERA 2013
Asia's fast-growing economies require new sources of energy and Asian markets are an eight day to an 11-day sail from proposed liquefied natural gas (LNG) terminals on Canada's West Coast - two days closer than most of our international competitors.