South Carolina Ports Authority Boasts 12 percent Growth for FY19 - Global Trade Magazine
New Articles
  March 20th, 2019 | Written by

South Carolina Ports Authority Boasts 12 percent Growth for FY19

Sharelines

  • The Charleston Harbor Deepening Project was also confirmed eligible for Congressional appropriations.
  • “A strong February contributed to the Port’s continued growth, with container volume nearly six percent ahead."
  • “We anticipate volumes from March to May will be below plan due to the impact of trade uncertainty."

After confirming it’s most successful February container volume on record, South Carolina Ports Authority reports an impressive 12 percent growth so far for fiscal year 2019 with 1.6 million TEUs handled.

“A strong February contributed to the Port’s continued growth, with container volume nearly six percent ahead of our financial plan for the first eight months of our fiscal year,” said Jim Newsome, SCPA president and CEO. “We anticipate volumes from March to May will be below plan due to the impact of trade uncertainty and a significant number of blanked sailings, but we ultimately expect to achieve our FY2019 plan of 1.3 million pier containers.”

Additionally, The Charleston Harbor Deepening Project was also confirmed eligible for Congressional appropriations with an additional 52 feet anticipated and the U.S. Army Corps of Engineers  spearheading the dredging contract set to complete this fall.

“Receiving a significant allocation for the Charleston Harbor Deepening Project in the President’s Budget was great news for our port and state,” Newsome said. “The depth advantage of 52 feet will add much-needed capability in the Southeast, the fastest growing region in the country. This project has been a collaborative effort from its inception, reflecting the hard work of many supporters who are committed to delivering a deepwater harbor at record speed.”

 

Source: SCPA


%d bloggers like this: