Business, Freight News, Sea

Port Canaveral shows robust cargo business in FY 2023

[ November 14, 2023   //   ]

Capt. John Murray, Port Canaveral CEO, presented a comprehensive overview of the Port’s strong performance in Fiscal Year 2023 and expressed a positive outlook for the upcoming FY 2024 during his annual “State of Port” address on Nov. 8.

Capt. Murray showcased the Port’s substantial economic impact on the region and for the state in the last year. The Port contributed a total of $6.1 billion to the state’s economy, driving 42,700 jobs with $2.1 billion in wages. Additionally, the Port generated $189.5 million in state and local tax revenues.

Cargo business was robust in FY 2023, with the Port handling 3.7 million tons in petroleum, 1.9 million tons in aggregates, nearly a million tons in lumber, and an additional 533,000 tons of general products, totaling just under 7 million tons.

Other developments on the cargo side included completing the renovation of the Port’s North Cargo Berth 3 (NCB3) in June and immediately put into service and the construction underway to rebuild adjacent North Cargo Berth 4 (NCB4), expected to be completed in late 2024. Both berths will add 1,800 feet of space to help meet the growing demands of the cargo industry.