Business, Freight News, Sea

Port Everglades Fiscal Year Numbers Reflect Stability, Progress

[ November 23, 2019   //   ]

For the sixth consecutive year, Port Everglades container throughput exceeded one-million TEUs for a total of 1.05 million TEUs, according to a preliminary year-end Fiscal Year 2019 (FY19) report (Fiscal Year runs Oct. 1, 2018 – Sept. 1, 2019). The number of cruise passengers grew by one% to 3.89 million during FY19 and petroleum volumes increased by 2% to 125.9 million barrels (42 gallons in a barrel). Overall revenue increased 2% from $168 million in FY18 to $170.7 in FY19.

“These numbers are strong, especially considering the high amount of construction underway at the Port,” said Acting Chief Executive & Port Director Glenn Wiltshire. “We anticipate similar stable numbers over the next two years as we continue with the Southport Turning Notch Extension to add new cargo berths and Super Post-Panamax gantry cranes.”

New automobiles highlighted the year as Horizon Terminal Services, which opened a new terminal in January 2018, increased the number of new vehicles moving through Port Everglades by 76% year-over-year to nearly 51,000.

“New vehicles are a new business line for the Port, and further diversifies our revenue stream,” said Jim Pyburn, Port Everglades Director of Business Development. Port Everglades is one of the leading containerized cargo ports in Florida, the third largest cruise port in the world and South Florida’s main seaport for receiving petroleum products including gasoline, jet fuel and alternative fuels.