With the use of its five operational terminals, and another terminal under construction, the South Carolina Ports Authority (SCPA) currently generates around US$6.3 billion in economic activity annually, and $53 billion state-wide on an annual basis, according to Globe Trade Magazine.
Jim Newsome, President and CEO of SCPA, said: “The port is our state’s most strategic asset. It enables South Carolina to recruit and serve the needs of companies with international supply chains, and in doing so, spurs economic development opportunities and generates well-paying jobs for people across the state.
“Here in the Lowcountry, the port is an important part of our history and will be a driving force in our economy well into the future.”
He added that the top 10 largest would be the ones receiving the majority of trade and the smaller ports would be at risk of closure if they fail to adapt.
Bill Stern, Board Chairman of the SCPA, said: “Port expansion is vital to the continued growth of South Carolina’s economy in the coming years, and SCPA’s strategic priorities ensure that our port system is prepared for the future.”
Stern concluded: “By the end of the decade we will achieve the deepest harbour on the East Coast, open a new container terminal on the former Charleston Navy Base and modernise our existing facilities. We are well-positioned to achieve strong volume growth that will benefit not only our port, but the entire state.”