According to the results of a study released today, the South Carolina Ports Authority (SCPA) generates $53 billion statewide and $6.3 billion in annual economic activity in the Lowcountry region. The report highlights SCPA’s role as an economic driver and key competitive advantage for South Carolina. “The…
As South Carolina continues its upward trajectory as a hub of global manufacturing and distribution, the state’s ability to offer international companies operation inside a Foreign Trade Zone (FTZ) has become a critical marketing tool for both the state and regional economic development organizations. John Lummus, President…
On the heels of announcing five-year plans for growth, investment and cargo base expansion at the State of the Port, South Carolina Ports Authority (SCPA) reported a 4 percent increase in August container volumes over the same month last year. SCPA handled 170,528 twenty-foot equivalent units (TEUs)…
Sustaining above-market container volume growth, achieving the deepest harbor on the East Coast, investing in infrastructure and expanding its cargo base topped the list of South Carolina Ports Authority (SCPA) five-year initiatives highlighted today at the State of the Port. SC Port Authority president and CEO Jim…
Export initiatives have been a key priority for the state of South Carolina. Now, the The South Carolina Department of Commerce (SCDOC) has access to some additional resources. The SCDOC been awarded a State Trade and Export Promotion (STEP) grant from the U.S. Small Business Administration (SBA) for…
Today SC Ports Authority reported 2015 fiscal year-end operating earnings of $30.4 million and revenues of $196.8 million, significant increases over the previous year’s financial performance. From July through June, SCPA more than doubled its previous fiscal year’s operating earnings of $14.3 million, while operating revenues increased…
Today the South Carolina Ports Authority (SCPA), Representative Jim Merrill and Senator Larry Grooms announced the completion of a lease agreement granting oversight of a 50-acre land parcel on Daniel Island to the South Carolina Department of Parks, Recreation and Tourism (SCPRT) for public benefit. The 99-year…
The deepening of the Charleston harbor will do more than establish the port as the deepest on the East Coast, it will send ripple effects throughout South Carolina’s manufacturing community. Once deepening to 52 feet is realized, Jim Newsome, South Carolina Port Authority President and CEO, said…
SC Ports Authority handled nearly 15 percent more pier containers fiscal year to date than the same period last year, with total box volume through April climbing to nearly 900,000 containers. SCPA handled 96,166 pier containers in April, compared to 86,505 boxes moved during the same month…
SC Ports Authority sustained double-digit container volume gains in March, reporting 14.3 percent fiscal year to date growth of twenty-foot equivalent units (TEUs) over the same period last year. In March SCPA handled 171,113 TEUs, an increase of 13.7 percent compared to 150,516 TEUs moved during the…