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Buoyed by resurging volumes, SC Ports updates outlook

[ January 29, 2021   //   ]

South Carolina Ports Authority (SCPA) has significantly updated its fiscal year 2021 forecast following several months of strong volumes and a continued rebound.

The new plan projects that SCPA will handle 1.385 million pier containers in fiscal year 2021, ending June 30. This is up from the original projection of 1.235 million pier containers and, if achieved, would surpass the FY 2019 volume record of 1.364 million pier containers handled.

The new forecast also projects the port handling 243,595 vehicles and a combined total of 176,073 rail moves at inland ports in fiscal year 2021.

Several months of much higher-than-expected volumes at SCPA, including a record November and December, propelled this updated forecast. SC Ports has seen month-over-month strength across multiple business segments since September, including with containers, vehicles and inland ports.

A robust consumer economy continues to drive volume growth as many invest in home goods, furniture and electronics during the pandemic.

“SCPA has provided essential supply chain service throughout the pandemic. Our maritime community’s expertise and dedication is unparalleled,” SCPA Board Chairman Bill Stern said. “We are excited to update the fiscal year 2021 forecast following several months of growth as we prepare for a very exciting year, which includes opening the Hugh K. Leatherman Terminal and deepening Charleston Harbor to 52 feet.”