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SPA chief: Next five years will bring great opportunity for Port - Live5News.com | Charleston, SC | News, Weather, Sports

SPA chief: Next five years will bring great opportunity for Port of Charleston

Photo Source: South Carolina Ports Photo Source: South Carolina Ports
CHARLESTON, SC (WCSC) -

State Ports Authority President Jim Newsome said the next five years will bring great opportunity for the Port of Charleston. 

Newsome highlighted a number of five-year initiatives on Monday for the South Carolina Ports Authority which included sustaining above-market container volume growth, achieving the deepest harbor on the East Coast and investing in infrastructure.

"By 2020 we will complete the harbor deepening project to 52 feet, open Phase One of the Navy Base Terminal and enjoy an operational dual-served intermodal container transfer facility," Newsome said."Delivering on our priorities and aggressive action will be required to meet these goals. The Port has a highly talented and skilled workforce, and with the commitment of our entire maritime community, I am confident that SCPA's best years are ahead." 

In a release by the SPA, Newsome highlights SCPA's growth over the last five years which included a 75 percent increase in revenue from $112 million in 2010 to $196 million in 2015. 

"During that time, operating earnings jumped from $8.4 million to $30 million, and pier container volumes, or boxes handled, increased from 741,000 to 1.095 million," officials said. 

In addition on Monday, an economist at USC's Darla Moore School of Business the SPA released a report which stated that South Carolina's ports generate $53 billion annually for the state's economy. 

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