Charleston’s container volume climbed more than 22 percent in May over the same month last year, with 68,238 pier containers handled, about the same as in April. That followed four consecutive months of year-over-year growth.
The South Carolina State Ports Authority plans to spend more than $77 million on terminal upgrades and new information systems to meet projections for a 7 percent increase in container volume under the budget approved by its board of directors on Tuesday.
Containerized Ocean Trade - Georgia & S.C. Ports: By The Numbers.
In the fiscal year starting July 1, the SCSPA plans to invest the biggest amount of its budget, $35 million, on existing facilities. It allocated more than $16 million for construction of the new 286-acre container terminal at the former Navy Base.
After several strong months in container throughput, the SCSPA said the port is now on track to meet its container volume budget in the current fiscal year, which ends June 30.
“South Carolina’s ports are attracting business back at an increasing pace,” said Bill Stern, chairman of the SCSPA board. “While we still have some work to return to the business levels of a few years ago, the meter has been moving in the right direction.”
Beyond the projected 7 percent increase in container volume in fiscal 2011, non-container and breakbulk cargo handled at South Carolina’s public port facilities in Charleston and Georgetown are expected to climb 53 percent.
-- Contact Peter T. Leach at firstname.lastname@example.org.