Port Canaveral Generates $2 Billion Community Impact

MarineLink.com
Thursday, April 25, 2013
Photo: Port Canaveral

Business activity at Port Canaveral  generated $2 billion and 17,000 jobs for the local community in 2012, up 73% in business revenue since the last economic impact analysis three years ago.

Leading industry consulting firm Martin Associates of Lancaster, Pa., was commissioned to analyze cruise, cargo, real estate and marina activity at Port Canaveral, the world’s second busiest cruise Port and central Florida’s outlet to the sea for cargo.

The survey of 294 tenants and service providers found that Port Canaveral business activities generated an increase of 30-percent job growth, personal income of $808 million and $248 million in local purchases. State and local taxes paid totaled $74.3 million.

“This analysis again confirms Port Canaveral’s importance to our regional economy,”  said Interim Port CEO John Walsh. “The significance of our business operations create business opportunities and jobs that provide income for our neighbors and contributes to our quality of life with the local and state taxes paid from the wages earned.”

The study found that 40% of cruise passengers stay in a local hotel at least one night before their cruise and each passenger spends at least $100 while in Brevard County. Crew members were found to spend $385 per visit in the area, mostly on retail purchases.

The full study can be viewed here.
 


Ports

Indian Warships Visit Port Victoria

In a demonstration of India’s commitment to its ties with Seychelles and maritime security in the Indian Ocean Region, Indian Naval Ships Kolkata, Trikand and

Vitol's Malaysia Terminal Suspends Ops after Spill

VTTI, the storage unit of world's largest oil trader Vitol, has suspended operations at its terminal in southern Malaysia following an oil spill, two industry sources said on Friday.

Shenzhen Port to Adopt China ECA Regulation

China's Shenzhen port is set to to adopt requirements for ships at berth requiring to burn marine fuel with sulfur content not exceeding 0.5 percent starting October this year,

Finance

SOS from Hanjin Shipping

The creditors' extended help is crucial for survival of Hanjin Shipping Co as its negotiations with owners of chartered ships over a cut in leasing rates and to

NParks, Keppel in S$2.08 mln Partnership for Restoring Singapore Forest Wetlands

The National Parks Board (NParks) and Keppel Corporation today unveiled plans for a partnership to restore the freshwater forest wetland ecosystem historically

Skaugen Goes to Red Again

Norwegian Marine Transportation Service Company I.M. Skaugen SE reported interim losses but cautiously positive and expecting a gradual recovery of trading opportunities

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Port Authority Ship Repair Ship Simulators
rss | archive | history | articles | privacy | 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: 0.0811 sec (12 req/sec)