News Content
South Carolina ports spending focuses more on infrastructure
BUILDING upon the record-setting May volumes, the South Carolina Ports Authority (SCPA) has approved a 2015 fiscal year plan to attract greater cargo volumes and step up capital investments.
The new fiscal year beginning July 1 includes 975,000 pier container moves, representing a 3.4 per cent increase in pier container volume over FY2014 totals. Container volumes have been growing in recent months.
In non-containerised cargo business segments, the plan calls for breakbulk tonnage increases of 9.8 per cent in Charleston and 0.5 per cent in Georgetown, driven largely by strong performance of state manufacturers.
"I'm confident our volumes will continue to grow above the market average," said port authority CEO Jim Newsome, "Revenues will also increase thanks to strength across cargo segments and at the inland port."
Operating revenues are expected to reach US$172.8 million in FY2015, up $13.2 million from projected FY2014 totals, a statement from port authorities said.
The board approved capital investments of $113.5 million for the fiscal year. Projects over the next year include improvements and enhancements to existing terminal systems. Another $20 million is for the Navy base terminal.
In total fiscal year to date, container throughput volumes were up by 7.03 per cent over the same period last year, with 1,535,724 TEU lifted.
The new fiscal year beginning July 1 includes 975,000 pier container moves, representing a 3.4 per cent increase in pier container volume over FY2014 totals. Container volumes have been growing in recent months.
In non-containerised cargo business segments, the plan calls for breakbulk tonnage increases of 9.8 per cent in Charleston and 0.5 per cent in Georgetown, driven largely by strong performance of state manufacturers.
"I'm confident our volumes will continue to grow above the market average," said port authority CEO Jim Newsome, "Revenues will also increase thanks to strength across cargo segments and at the inland port."
Operating revenues are expected to reach US$172.8 million in FY2015, up $13.2 million from projected FY2014 totals, a statement from port authorities said.
The board approved capital investments of $113.5 million for the fiscal year. Projects over the next year include improvements and enhancements to existing terminal systems. Another $20 million is for the Navy base terminal.
In total fiscal year to date, container throughput volumes were up by 7.03 per cent over the same period last year, with 1,535,724 TEU lifted.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
