Thunder Bay Port Authority Strategy
Thunder Bay Port Authority (TBPA) is optimistic about the long-term future of the Port of Thunder Bay. The Port is the Western Canadian terminus of the St. Lawrence Seaway System, the longest inland waterway in the world. The opportunities and challenges are largely determined by the Port's strategic role as it relates to the Seaway corridor. The Port was built to provide access to European markets for Western Canadian grain producers through the longest grain supply chain in the world.
For the past eight years, an integral part of TBPA's strategy has been expanding the number of project cargo ships that come through TBPA's Keefer Terminal. Each shipment results in significant economic impact to the region. TBPA coordinates the activities of stevedores, trucking companies, equipment operators, railways and fabricators to ensure that project cargo is handled efficiently and provides value to the shipper. TBPA significantly increased its marketing budget in recent years to promote the Port and the project cargo corridor to Western Canada.
TBPA's strategy is broadly defined by three strategic objectives:
Diversify and increase marine cargo
Invest in strategic infrastructure
Promote partnerships & engagement
The mission and vision of TBPA will be realized through the strategic objectives, which form a framework for decision-making. TBPA strives to diversify cargoes to reduce dependency on select commodities. Continuing to expand the Port's profile is critical to its success in a dynamic global market. TBPA has prepared a significant 5-Year Capital Plan in strategic investments to facilitate future growth and diversification for the Port.
To promote and invest in the efficient integration of marine, rail, and road transportation systems and to support economic development.
The Port of Thunder Bay and the Seaway is the preferred marine route for European trade with Western Canada. Thunder Bay Port Authority is an important facilitator of commerce in the region.