U.S.House Passes New Water-Resources Measure
Today's passage of S.612, the Water Infrastructure Improvement for the Nation Act (WIIN), formerly known as Water Resources Development Act (WRDA), by the U.S. House of Representatives, moves the Charleston Harbor Deepening Project closer to securing the authorization necessary to begin construction. "We applaud the House for passing this legislation before the end of the year, which is critical to modernizing ports and port-related infrastructure across the country," said Jim Newsome, SCPA President and CEO. "The South Carolina Delegation worked extremely hard to move this bill forward. Thanks to their support, we are well-positioned to be the deepest harbor on the East Coast by the end of the decade. We remain hopeful that the U.S.
U.S. House Passes Compromise WIN Act
Bill includes construction authorization for Charleston Harbor Deepening Project. Today's passage of S.612, the Water Infrastructure Improvement for the Nation Act (WIIN), formerly known as Water Resources Development Act (WRDA), by the U.S. House of Representatives, moves the Charleston Harbor Deepening Project closer to securing the authorization necessary to begin construction. "We applaud the House for passing this legislation before the end of the year, which is critical to modernizing ports and port-related infrastructure across the country," said Jim Newsome, SCPA President and CEO. "The South Carolina Delegation worked extremely hard to move this bill forward. Thanks to their support, we are well-positioned to be the deepest harbor on the East Coast by the end of the decade.
New Inland Port Planned in South Carolina
Plans to develop South Carolina’s second inland port in Dillon were announced by the South Carolina Ports Authority (SCPA) in a move that aims to support growth of intermodal container volumes and expand access to markets in neighboring states and throughout the Northeast and Midwest, according to the SCPA. A resolution authorizing the port to move forward with construction of the terminal in the Carolinas I-95 Mega Site was unanimously approved by the SCPA Board of Directors. SCPA will break ground on the new terminal in the first quarter of 2017, and plans to open the facility by the end of the year. “Inland Port Dillon will be a great diversification of our state's logistics footprint,” said Jim Newsome, SCPA president and CEO.
SC Ports Posts Earnings of $39 Mln
Today South Carolina Ports Authority reported 2016 fiscal year-end operating earnings of $39 million, revenues of $211 million and operating expenses of $172 million. "The Port closed the FY2016 books with solid financials, reflecting our commitment to achieving the necessary performance to support our aggressive capital investment plan," said SCPA Board Chairman Pat McKinney. The positive financial report comes on the heels of FY2016 container volume growth reported last month. SCPA handled 1.9 million twenty-foot equivalent units (TEUs) during the period, an increase of 1.4 percent over the previous fiscal year. "With modest container volume growth in spite of a tepid world economy and operating earnings up over last year…
South Carolina Ports to Harness Solar Power
The South Carolina Ports Authority (SCPA) announced plans to bring solar power to the Wando Welch and Columbus Street terminals, making SCPA the largest rooftop solar host in the state. Two solar panel arrays generating 3.7 total megawatts of electricity will be installed on warehouse rooftops at the two SCPA terminals by summer 2016. SCPA said the panels will provide a significant offset to the port's energy usage, returning power to the grid during peak hours of energy demand and resulting in a direct reduction to power costs. “The solar project is an exciting step that deepens the port's ongoing efforts to be an environmental leader in our industry,” said Pat McKinney, SCPA Board Chair.
SC Ports Box Volumes Rise 10% in 2015
South Carolina Ports Authority (SCPA) posted 10 percent container growth in 2015, a year highlighted by strong volumes and significant progress on the harbor deepening project. SCPA handled 144,718 twenty-foot equivalent units (TEUs) in December, pushing total container volume to 1.97 million in 2015. As measured in pier containers, or total boxes handled, SCPA's two container terminals moved 1.12 million boxes in 2015, an increase of 9.54 percent over 1.02 million containers handled last year.
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.
