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Overview
Westshore Terminals Investment Corporation is a Canadian company that operates a coal export terminal in British Columbia, Canada. The company was founded in 1970 and is based in Vancouver, British Columbia. The company's primary business is the handling and shipping of coal from Western Canada to destinations around the world. Westshore Terminals Investment Corporation owns and operates a marine terminal in Delta, British Columbia, which is the second largest coal export facility in North America and one of the largest in the world. The terminal has the capacity to handle up to 33 million tonnes of coal annually and serves as a critical link between Canadian coal producers and international markets. The company's operations are primarily focused on handling thermal coal, which is used for power generation, and it also handles smaller volumes of metallurgical coal, which is used for steel production. The majority of the terminal's customers are located in Japan, South Korea, and China, with smaller volumes shipped to other markets in Asia, Europe, and Latin America. Westshore Terminals Investment Corporation is a publicly traded company and is listed on the Toronto Stock Exchange under the ticker symbol WTE. The company has a strong financial track record, with consistent profitability and a history of paying dividends to shareholders. In addition to its core business of coal handling and shipping, Westshore Terminals Investment Corporation also invests in other companies in the resource and infrastructure sectors. This diversification helps to mitigate the risk of relying solely on the coal business and provides additional growth opportunities for the company. Overall, Westshore Terminals Investment Corporation is a leading player in the global coal industry, with a strong track record of success and a commitment to sustainable and responsible operations.
What is special about the company?
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