SC Ports Authority reported container volumes up 13 percent fiscal year to date, a strong start to the first two months of the fiscal calendar, the company said in its press release.
The SCPA handled 163,970 twenty-foot equivalent units (TEUs) in August, in increase from 144,649 TEUs moved during the same month last year and 153,916 handled in July. Fiscal year to date, SCPA container volume is 12.2 percent ahead of plan.
As measured in pier containers, July and August volumes are up 13.5 percent year over year. SCPA moved 93,221 boxes in August for a total of 181,103 pier containers to date in FY2015.
In non-containerized cargo, Charleston breakbulk tonnage is on plan with 134,105 tons handled in August. Georgetown saw a strong month, with fiscal year to date volumes up 6.6 percent over the same period last year. Georgetown handled 124,080 pier tons in July and August.
“Strong container volumes are driving exceptional fiscal year to date operating earnings, which were nearly 70 percent higher than last July and August,” said SCPA president and CEO Jim Newsome. “Over the next several months, we will be watching the development of vessel sharing agreements and evaluating the impacts they will have on our FY2015 volumes, as well as implementing our new customer contract approach.”
About the South Carolina Ports Authority
The South Carolina Ports Authority, established by the state's General Assembly in 1942, owns and operates public seaport facilities in Charleston, Georgetown and Greer, handling international commerce valued at more than $63 billion annually while receiving no direct taxpayer subsidy. An economic development engine for the state, port operations facilitate 260,800 jobs across South Carolina and nearly $45 billion in economic activity each year.