SCPA Logs 10% 1Q Growth
South Carolina Ports Authority (SCPA) saw strong container volume growth during the first quarter of the 2016 fiscal year, with TEU volumes 9.5 percent higher than the same period last year. SCPA handled 167,549 TEUs last month, an 11.1 percent increase from September 2014 volumes. Since the 2016 fiscal year began in July, SCPA has moved 513,299 TEUs. As measured in pier containers, 289,610 boxes have moved across SCPA docks fiscal year to date. Pier container volume is up 8.6 percent from the 266,741 boxes handled during the same period last fiscal year. "Our growth is indicative of broad-based strength across all market segments," said SCPA president and CEO Jim Newsome.
SCPA Box Volumes Up; Leadership Realigned
On the heels of announcing its five-year growth, investment and cargo base expansion plans at the State of the Port, South Carolina Ports Authority (SCPA) reported a four percent increase in August container volumes over the same month last year. SCPA said it handled 170,528 twenty-foot equivalent units (TEUs) in August. With 345,751 TEUs moved during the first two months of the 2016 fiscal year, container volume is up 8.8 percent year-over-year. As measured in pier containers, nearly 97,000 boxes moved across SCPA docks in August. Fiscal year-to-date pier container volume is up 8.1 percent, with 195,703 boxes handled during the last two months. "August was a strong month across all business segments," said Jim Newsome, SCPA president and CEO.
SC Ports Projects 7% Container Growth
Following a record-setting month of container volumes achieved in May, the South Carolina Ports Authority (SCPA) board of directors looked ahead to a favorable 2016 fiscal year today with the adoption of a financial plan that includes continued cargo growth, increased operating revenues and significant capital investments. The plan projects pier container volume of 1.15 million boxes during FY2016, a 7.2 percent increase over projected totals for the current fiscal year. Strong growth at the inland port is also planned…
Intermodal Private Port Terminal on JLL's Books
Jones Lang LaSalle is to market Macalloy Port Terminal in Charleston, SC for private investors and operators. The privately-owned, 115-acre Macalloy Intermodal Terminal in North Charleston is being developed to complement South Carolina’s port system, including the adjacent future Navy Base terminal currently being developed and operated by the SCSPA. Macalloy Terminal offers bulk material maritime solutions and is designed for mixed-use purposes, including break-bulk, RO/RO, manufacturing, general cargo and raw material handling.
South Carolina Ports Record Profitable 2013 Operations
On the heels of announcing its fiscal year 2013 volume results, including a nine percent gain in container volume and a more than 14 percent increase in non-containerized cargo at its two ports, the South Carolina Ports Authority (SCPA) reported operating earnings of $12.72 million, which was a net gain of $5.45 million from the previous year. Operating revenues at the agency closed at $140.49 million for the 12-month period, seven percent ahead of the previous fiscal year's $130.95 million. "Given our aggressive capital investments over the next several years, it is essential to maintain a solid financial position and a steady stream of funds toward these important projects," said Jim Newsome, the SCPA's president and CEO.
