There will also be significant investment in improving existing equipment across the port, with a focus on upgrading workboats and trucks around the port to be more environmentally friendly.
Byron Miller, vice president - marketing, PR & planning at South Carolina Ports Authority, said: “We have experienced good growth over the last 18 months. Vessels are getting larger and have been for several years because they reduce costs - this is the real reason expansion is necessary”.
With channels reaching 50 feet deep during high tide, Charleston already regularly hosts ships too large for the Panama Canal – around five per week.
Critically, this new investment will make the port into a true post-panamax harbour allowing more large container vessels to visit.