Container volumes up sharply in SC first half of fiscal '15

Container volumes up sharply in SC first half of fiscal '15

Charleston, SC (AP) - Cargo volume moving through South Carolina's ports was up sharply during the first half of fiscal 2015.

But South Carolina Ports Authority President and CEO Jim Newsome says such growth probably won't continue during the rest of the fiscal year which ends June 30.

The authority board learned Wednesday that imports were up 15 percent during the first six months of the fiscal year while exports increased 7 percent compared to the previous year.

But Newsome says that the strong dollar and depressed oil prices are expected to dampen American exports in the coming months.

Newsome predicts growth during the rest of the year will be between 6 and 8 percent. He said while that's slower, it's still twice the average cargo growth of America's ports overall.

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