January 7, 2019

SC Ports Authority Achieves 6 Percent Growth in 2018

SC Ports handled 2.3 million TEUs in 2018, a 6 percent increase over 2017 volume. Photo courtesy: Mike Cassidy

CHARLESTON, SC - January 7, 2019 - Today South Carolina Ports Authority reported 6.4 percent year-over-year container volume growth, with a record 2.3 million twenty-foot equivalent container units (TEUs) handled in 2018.

Last year marked the third consecutive calendar year of record TEU volume for SCPA. The Port moved 199,701 TEUs in December alone, a 9.2 percent increase over December 2017 and the strongest December in SCPA history.

As measured by the total number of boxes handled, SCPA moved 114,018 pier containers in December and a record 1.3 million pier containers in 2018.

"We are pleased to report our strongest December in history and record-breaking growth of our container business in calendar year 2018," said SCPA president and CEO Jim Newsome. "January is already off to a strong start, and despite uncertainty in the trade industry we are optimistic that volumes will remain strong as we work to achieve our plans for 4.4 percent growth in fiscal 2019."

In addition to record-breaking volumes, 2018 marked strong progress of key projects across port facilities. In April SCPA celebrated the opening of a second inland location, Inland Port Dillon, and a few months later the Port completed a nearly three-year effort to strengthen and modernize the Wando Welch Terminal wharf for handling new cranes and bigger ships. Construction of the Leatherman Terminal continued, which will offer important growth capacity for the Port's container business when Phase One opens in 2021.

Dredging work on the Charleston Harbor Deepening Project began in February, and the project was awarded $41.4 million in the U.S. Army Corps of Engineers Fiscal Year 19 Work Plan. With significant completion of the project expected in 2021, Charleston will offer a wide and deep harbor for handling the biggest ships calling East Coast ports to support growth of commerce in the state and region well into the future.

The construction of a new headquarters building for the Port, located adjacent to the Wando Terminal, neared completion in 2018. The facility is scheduled to open later this month.

About South Carolina Ports Authority
South Carolina Ports Authority (SCPA), established by the state's General Assembly in 1942, owns and operates public seaport and intermodal facilities in Charleston, Dillon, Georgetown and Greer. As an economic development engine for the state, Port operations facilitate 187,200 statewide jobs and generate nearly $53 billion annual economic activity. SCPA is soon to be home to the deepest harbor on the U.S. East Coast at 52 feet, and the Port is an industry leader in delivering speed-to-market, seamless processes and flexibility to ensure reliable operations, big ship handling, efficient market reach and environmental responsibility. For more information on SCPA, please visit www.scspa.com.