uu27itu: Kinder Morgan Terminals Vancouver

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Canpotex is the world's largest exporter of potash, selling over nine million tonnes of potash in 2008, representing about one-third of global capacity. The global potash market is considered a duopoly between Canpotex and Belarussian Potash Co, a similar consortium which exports Belarussian and Russian potash; the two collectively control 70% of global potash exports.

In August 2010, Australian mining giant BHP Billiton announced intentions to acquire PotashCorp, though its bid was blocked by the Canadian government in November 2010 and subsequently withdrawn. BHP publicly intended to exit the Canpotex partnership as it prefers to market its minerals itself. As over half of Canpotex's sales volumes ware produced by PotashCorp, both Agrium and Mosaic issued concerns. The Saskatchewan government also issued concerns, citing that the breakup of Canpotex would likely result in lower tax revenues for the government.

Canpotex operates over 5,500 specialised covered hopper cars for inland transportation of potash from landlocked Saskatchewan to ports, and operates solely on Canadian Pacific Railway lines. In 2011, Canpotex started on the construction of a new $55 million rail car maintenance yard near the town of Lanigan, Saskatchewan used to perform maintenance and manage the inventory of railcars.

The majority of its potash is shipped overseas to Asian, Latin American, and Oceanic markets through Neptune Terminals, partly owned by Canpotex, in North Vancouver, British Columbia. Since 1997, Canpotex has additionally exported through Portland Terminals (owned by Canpotex and operated by Kinder Morgan) in Portland, Oregon. Canpotex additionally ships smaller quantities of potash through the St. Lawrence Seaway via Thunder Bay, Ontario, and has access to ports on the Atlantic Coast and Gulf of Mexico.

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Canpotex has committed $900 Million to the manufacture of 15 cargo vessels. The first of these vessels, the U-Sea Saskatchewan, built as a joint venture with U-Sea received its first load of 58,000 metric tons of potash in the Port of Vancouver in November 2010. The U-Sea Saskatchewan was built by Imabari Shipbuilding of Japan and is capable of carrying 60,000 metric tons.