SOUTH CAROLINA PORTS (SC PORTS)

SC Ports maintains Moody’s A1 credit rating

South Carolina Ports’ A1 credit rating was reaffirmed by Moody’s Investors Service, reflecting the credit agency’s confidence in the company’s long-term development trajectory and strong market position.

The continued movement of people and businesses to the US Southeast, along with South Carolina’s growing industrial activity, is driving expansion at SC Ports, according to the credit agency’s opinion.

Furthermore, SC Ports has invested in crucial infrastructure improvements to enable this...

https://container-news.com/sc-ports-maintains-moodys-a1-credit-rating/

SC Ports generates US$10 billion economic impact in the Pee Dee region

According to a recent economic impact study, South Carolina Ports (SC Ports) establishes a US$9.7 billion economic impact in the Pee Dee area by supporting port-dependent companies.

According to Joseph Von Nessen, a research economist and professor at the University of South Carolina Darla Moore School of Business, this economic effect supports – both directly and indirectly – 29,000 jobs in the Pee Dee region.

“South Carolina Ports is a port system for the entire state, and you can see that...

https://container-news.com/sc-ports-generates-us10-billion-economic-impact-in-the-pee-dee-region/

SC Ports has annual economic impact of US$87 billion on South Carolina

According to a recent report conducted by Joseph Von Nessen, a research economist and professor at the University of South Carolina Darla Moore School of Business, having a world-class port creates an approximately US$87 billion statewide impact on South Carolina each year.

“Port operations attract port-dependent businesses to locate or expand throughout the state, generating billions in economic impact and supporting thousands of jobs for South Carolinians. Our state’s economic success is...

https://container-news.com/sc-ports-has-annual-economic-impact-of-us87-billion-on-south-carolina/

SC Ports achieves container rail record

Container volumes dropped in August at South Carolina Ports (SC Ports) with 203,169 TEUs and 111,745 pier containers, translating to a 9% decrease from the same month in 2022.

“The US port industry is anticipating a slower peak season than typical due to a lower consumer appetite and tempered US economy,” said SC Ports in a statement.

However, in the same month, Inland Port Greer set a new monthly record with 16,857 rail moves. This figure represents the most monthly moves in the port’s history,...

https://container-news.com/sc-ports-achieves-container-rail-record/

SC Ports sees 2.6 million TEUs in fiscal year 2023

South Carolina Ports (SC Ports) handled nearly 2.6 million TEUs and 1.4 million pier containers in fiscal year 2023 (1 July – 30 June).

SC Ports noted that while this is a 10% decrease from the fiscal year 2022, when pandemic spending drove an extraordinary freight boom, volumes are up 1% from the fiscal year 2021, which was a “more ordinary year”.

Additionally, SC Ports handled 203,091 TEUs and 112,883 pier containers in June, translating to a growth of more than 3% year-on-year. “The retail,...

https://container-news.com/sc-ports-sees-2-6-million-teus-in-fiscal-year-2023/

SC Ports reports second-busiest February in its history

South Carolina Ports (SC Ports) saw higher-than-average container traffic at the Port of Charleston in February as the state continues to attract new business.

SC Ports has processed roughly 1.8 million TEUs and 978,374 pier containers so far in the fiscal year 2023, translating to a 5% decrease from the same period last year.

Furthermore, SC Ports processed 201,418 TEUs in the last month, representing a 13% fall from the same month in the previous year.

Despite the port’s container decline, last...

https://container-news.com/sc-ports-reports-second-busiest-february-in-its-history/

South Carolina Ports sets new annual box record

South Carolina Ports (SC Ports) set a new container record in 2022 by handling the largest number of boxes ever at the Port of Charleston.

In 2022, SC Ports handled almost 2.8 million TEUs, translating to a 1.5% increase over 2021, and carried more than 1.5 million pier containers, representing a 1% growth over 2021.

Furthermore, in the previous year, SC Ports transported 199,343 automobiles through the docks of Columbus Street Terminal, linking South Carolina’s automakers with worldwide...

https://container-news.com/south-carolina-ports-sets-new-annual-box-record/

SC Ports contributes US$50,000 to urban trail system in the City of Greer

South Carolina Ports (SC Ports) is contributing US$50,000 to the City of Greer to help create an urban trail system in the Sunnyside community.

The proposed trail system, called the Wards Creek Trail, will provide a new recreational amenity for Sunnyside residents, according to South Carolina ports and it is designed to create more pedestrian access and connectivity to the City of Greer’s downtown area.

“We are excited to support the City of Greer’s effort to build the Wards Creek Trail. This...

https://container-news.com/sc-ports-contributes-us50000-to-urban-trail-system-in-the-city-of-greer/

SC Ports achieves strong container numbers in October

South Carolina Ports (SC Ports) handled an increased number of containers in October, marking it the third busiest month in its history.

SC Ports reported 9% year-over-year container growth with 256,879 TEUs passing through Wando Welch Terminal, North Charleston Terminal and Hugh K. Leatherman Terminal in October.

When accounting for boxes of any size, SC ports handled 142,276 pier containers last month.

The import sector of SC Ports remained strong with 121,305 loaded import TEUs coming through...

https://container-news.com/sc-ports-achieves-strong-container-numbers-in-october/

SC Ports secures US$550 million in financial support to proceed with infrastructure projects

With the strong support of US$550 million from South Carolina’s elected leaders, South Carolina Ports (SC Ports) will soon have near-dock rail and an inner-harbor barge operation.

The SC Legislature and Governor Henry McMaster have allocated a total of US$550 million to fully fund these projects, US$400 million for the rail yard and US$150 million for the barge operation.

The aim of the project is to ensure the liquidity and capacity of the Southeast European supply chain.

On 17 October, SC Ports...

https://container-news.com/sc-ports-secures-us550-million-in-financial-support-to-proceed-with-infrastructure-projects/

+ More