Port Canaveral Sails Beyond Previous Records

Thursday, December 19, 2002
More passengers sailed from Port Canaveral during fiscal year 2002 than any other time in the history of the world’s second busiest multi-day cruise port, an indication that the cruise industry is in economic recovery from the September 11, 2001 terrorist attack. According to Port figures, 3,824,240 revenue passengers cruised from Port Canaveral between October 1, 2001 and September 30, 2002. This exceeds previous records in 2000 and 2001. The numbers represent one-percent growth in 2000 and 5.4 percent growth in 2001. The cruise industry at Port Canaveral has an $276 million economic impact on Central Florida, according to a 1999 economic impact study. “The biggest growth occurred in our longer cruise options with the influx of cruise lines offering 7-day itineraries,” says Robert Giangrisostomi, Deputy Executive Director of Business Development for the Canaveral Port Authority. “We have been very successful in our efforts to attract drive-market vacationers to Port Canaveral for the cruise lines to fill up their ships.” Port Canaveral has recovered from the loss of the two smaller cruise lines that went out of business two years ago. Fiscal year 2002 income from cruise business totaled a record $22.7 million. It will be directed toward new port security requirements and INS mandates instituted following the 9-11 terrorist attack. Though a record year for cruise revenue, the cargo operations at Port Canaveral have been affected by the sagging economy. Port Canaveral had a total cargo volume of 4,215,801 tons, down 7.7 percent over the previous high in fiscal year 2001. Cargo-related revenue is 14 percent of the Port’s total revenue while cruise revenue is 70 percent. The remaining 16 percent comes from leases and miscellaneous non-operating revenues. Several projects are on the agenda for fiscal year 2003, including refurbishing terminals and parking areas to accommodate continued growth of the cruise industry at Port Canaveral.
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Italy Ending Med Sea Rescues

Rights groups warn of risk of more deaths; EU mission Triton will have more limited scope. Italy said on Friday it would close a sea rescue mission that has saved the lives of more than 100,

St. Lawrence Seaway Workers Extend Strike Deadline

The union that represents workers on the St. Lawrence Seaway, the waterway that links the Great Lakes and the Atlantic Ocean, has extended a strike deadline to Monday at 5 p.

Total CEO: EU Must Fight US Crude Export Law

First major public appearance of new Total head; he challenges European politicians to fight US ban. The new head of French energy major Total challenged Europe to fight Washington over the U.

Cruise Ship Trends

Mitsubishi Exits Cruise Business; Books $357m Loss

Mitsubishi Heavy Industries, Ltd. (MHI) announced its decision to book an extraordinary loss from its cruise ship business in the company's consolidated financial

Partnerships Key to Caribbean Maritime Security

Planning and execution of port and maritime safety and security in Caribbean region is all about partnerships Maritime security and safety experts are meeting in Nassau,

Eurodam Tops in USPH Inspections

Holland America Line’s ms Eurodam achieved a perfect score of 100 on a recent routine United States Public Health (USPH) inspection conducted by the U.S. Centers for Disease Control and Prevention.

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Port Authority Salvage Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1013 sec (10 req/sec)