The COSCO Development calls at South Carolina Port Authority’s Port of Charleston. Photo: SCPA
South Carolina Ports Authority reported a record container volume of 2.2 million twenty-foot equivalent container units (TEUs) during its 2018 fiscal year.
The new record represents an increase of three percent over the previous fiscal year, the Port Authority said.
Closing out its fiscal year, SCPA handled 201,163 TEUs in June, the single highest month for container volume in the Port’s history and a 10 percent increase over June 2017.
The port’s fiscal year runs from July to June.
As measured in pier containers, or the number of boxes that moved across the docks of SCPA’s two container terminals, the Port handled 115,696 containers in June and a total of 1.25 million containers in FY2018.
“June container volumes were exceptional, marking the first time our Port has handled more than 200,000 TEUs in a single month,” said SCPA president and CEO Jim Newsome. “We achieved the three highest months of container volume in the Port’s history in March, May and June. As compared to FY2010, SCPA has grown by over 900,000 TEUs for a compound annual growth rate of seven percent. Such growth is a significant accomplishment that reflects a broad expansion of the Port’s cargo base, the commitment of our staff and the overall success of our maritime community.”
In June, the U.S. Army Corps of Engineers (USACE) announced the $49 million for the Charleston Harbor Deepening Project. The project, which is scheduled for completion in early 2021, will deepen the shipping channel leading to the South Carolina’s Port of Charleston to 52 feet from its current depth of 45 feet.
The added depth is seen as essential as more and more 14,000 TEU ships are calling on U.S. East Coast ports from the opening of the Expanded Panama Canal in 2016. The SCPA has said there’s a “strong likelihood” that an 18,000 TEU ship could even call at the port sometime in the near future.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,984 members that receive our newsletter.
Have a news tip? Let us know.
HELSINKI, Jan 16 (Reuters) – The Eagle S tanker seized by Finnish authorities on suspicion of ripping up subsea cables will not face a separate criminal investigation into whether its fuel cargo violates sanctions...
U.S. President-elect Donald Trump is serious about trying to acquire Greenland, both to expand America's sphere of influence in the Western Hemisphere and as a way to cement his legacy, according to three sources familiar with his thinking.
A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman of Russia's Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea.
Maritime and offshore news trusted by our 108,984 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
