RECORD BREAKING NUMBERS REPORTED FOR FLORIDA PORT
Port Everglades released information this week boasting an impressive 1,108,465 TEUs for fiscal year 2018 – the highest number recorded to-date for the Port. The Northern Europe shipping activity and increase in overall consumer population are factors being attributed for the substantial numbers.
Chief Executive and Port Director Steve Cernak stated, “We’ve enjoyed a robust growth period and are moving forward with significant investments to maximize the use of our land, cranes and berth space,” in response to the Port’s growth.
In a proactive attempt to leverage this year’s momentum, the Port plans on investing $1 billion over the next five years towards efforts for infrastructure improvements. This is one of the strategy’s the Port plans on utilizing to continue increasing cargo volumes, according to the release.
Port Everglades will also be undergoing additions to the structure including expansion efforts such as, “adding new cargo berths, installing new Super Post-Panamax container gantry cranes, increasing the lift capacity on existing cranes, and deepening and widening the Port’s navigation channels,” (Port Everglades).
The numbers for the Port are as follows:
-Three percent overall year-over-year increase
-Port Everglades handled 15 percent of all Latin America trade
-The Port handled 37 percent of overall trade in the Florida state region
As the Port continues through the next year, industry competitors and experts alike need to consider such strategies and should learn from the initiatives that prove successful time and time again. We will continue to monitor Port Everglades and report on additional numbers as they are released.
For additional information on Port Everglades and their cargo initiatives, visit porteverglades.net.
Source: Port Everglades
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