Freight News, Sea

2% Container Volume Increase at SC Ports

[ November 18, 2016   //   ]

South Carolina Ports Authority reported nearly two% growth of TEU volume since its fiscal year began in July.

SCPA handled 169,477 TEUs in October, an increase from 164,734 TEUs moved during the same month last year. Fiscal year to date, SCPA’s container volume reached 689,753 TEUs, a year-over-year increase of 1.73%.

As measured in pier containers, or total boxes moved across SCPA’s docks, fiscal year-to-date volume is up by 6,227 containers. SCPA handled 95,608 pier containers in October, bringing total volume to 388,883 boxes since the fiscal year began.

“Our incremental container volume increase in October is reflective of a worldwide slowing in container trade, but we are optimistic that growth will resume in both imports and exports as the Southeast economy grows,” said SCPA president and CEO Jim Newsome. “We also expect major emerging market economies to restore growth in demand based upon strength of a growing middle class.”

In non-containerized cargo volume, Charleston handled 76,029 tons in October. Charleston breakbulk volume is 10.2% ahead of fiscal year-to-date plans, with 293,780 tons handled since July.

Inland Port Greer handled 9,211 rail moves last month. The facility’s rail volume is up 25.5% since the fiscal year began, with 35,427 rail moves handled between July and October.

“Amid the shifting structure of the container industry, including consolidations of major carriers and an extremely difficult financial picture, SCPA is well-prepared to meet the demands that will be required of top 10 U.S. ports going forward. Bigger ships will be deployed across fewer services, and our port is making the necessary investments in cranes, terminal infrastructure and capacity, and harbor deepening to meet these requirements,” Newsome said.