South Carolina Ports Authority reported its revenue in fiscal year 2013, ending June 30, 2013, was $140.49 million, up 7 percent year-over-year from $130.95 million.
The SCPA’s fiscal year 2013 operating expenses totaled $127.77 million, leaving operating earnings of $12.72 million, a net gain of $5.45 million from the previous year.
“Given our aggressive capital investments over the next several years, it is essential to maintain a solid financial position and a steady stream of funds toward these important projects,” said Jim Newsome, the SCPA’s president and CEO, in a written statement.
The SCPA is now two years into its 10-year, $1.3 billion capital plan that includes new equipment for handling mega-ships, upgrades to existing terminals, information systems and new facilities such as the South Carolina Inland Port in Greer.
Furthermore, in July, the Port of Charleston handled 136,159 20-foot-equivalent units at its two container terminals, its strongest July since 2008. The volume represented a more than 3 percent gain over the same month last year and a 20 percent increase from July 2011.
“The new and upsized services announced in recent month are starting up in earnest, and we will see the full result of those calls in fiscal year 2014,” Newsome said. “Heading into what is traditionally the peak season for imports, we are optimistic that Charleston will continue to post gains, and we expect that exports also will remain strong.”