Search results for: SCPA

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  • 7 November 2014
    Business & Finance

    Moody’s Investors Service reaffirmed an A1 rating for the SC Port’s Authority’s outstanding debt, citing a strong economy and deep-water harbor as key drivers of the SCPA’s stable financial outlook. In a report released yesterday, Moody’s referenced SCPA’s current harbor depth as a competitive advantage that will be significantly enhanced by the end of the […]

  • 19 June 2012

    South Carolina Ports Authority (SCPA) Board approved the most aggressive investment plan in the agency’s history, reports abcnews4.com. The Board approved the SCPA’s budget for the 2013 fiscal year, which starts July 1. “This aggressive investment plan for our ports mirrors the significant investment of our state toward realizing the Charleston Harbor Deepening Project,” said […]

  • 21 January 2016
    Business & Finance, Project & Tenders

    South Carolina Ports Authority (SCPA) posted 10 percent container growth in 2015, a year highlighted by strong volumes and significant progress on the harbor deepening project. The company handled 144,718 twenty-foot equivalent units (TEUs) in December, pushing total container volume to 1.97 million in 2015. As measured in pier containers, or total boxes handled, SCPA’s two […]

  • 31 March 2016
    Business & Finance, Project & Tenders

    Construction continues on SCPA’s Hugh K. Leatherman Sr. Terminal, located on the former Navy Base in North Charleston. Since receiving the final permit approvals in 2007, the South Carolina Ports Authority is working hard on the construction of the new 280-acre terminal which will boost capacity in the port by a full 50%. According to SCPA, opening date of the […]

  • 22 June 2017
    Business & Finance

    South Carolina Ports Authority Board of Directors yesterday adopted a 2018 fiscal year financial plan that includes six percent pier container growth, $251.1 million operating revenues, $44.1 million operating earnings, and capital expenditures of $262.3 million. “The Port’s FY2018 financial plan reflects continued success of our state port system, both in volume growth and progress […]

  • 19 December 2012

    Moody’s Investors Service has affirmed an A1 rating for the South Carolina Ports Authority’s (SCPA) outstanding debt and provided a stable outlook, citing the agency’s strong operating history, favorable financial performance and distinct advantages such as deep water. The ratings update said that due to the SCPA’s competitive advantages, such as proximity to open ocean, […]

  • 12 April 2017
    Business & Finance

    South Carolina Ports Authority (SCPA) is soon to be ready for the biggest ship ever to call the US East Coast, the COSCO Development. “SCPA has worked aggressively for years to ensure we can efficiently work 13,000 twenty-foot equivalent unit (TEU) vessels and be the last Southeast port of call with no navigational issues,” said Jim […]

  • 21 August 2014
    Business & Finance

    The South Carolina Ports Authority has reported 2014 fiscal year-end operating earnings of $14.3 million, 20.7 percent over the organization’s financial plan. From July through June, the SCPA posted operating revenues of $164.1 million, an increase of nearly 17 percent over the previous fiscal year. FY2014 expenses totaled $149.9 million. “With the Port’s aggressive capital plan […]

  • 19 May 2016
    Business & Finance, Project & Tenders

    South Carolina Ports Authority (SCPA) Board has approved construction and quality assurance contracts for its Columbus Street Terminal. At its recent meeting, the Board also approved two additional contracts for projects at SCPA’s container terminals in South Carolina. The first contract is for annual maintenance dredging at the North Charleston Terminal and the second one is for a […]

  • 13 September 2016
    Business & Finance

    South Carolina Ports Authority president and CEO Jim Newsome’s recent State of the Port focused on growth, modernization and the abundant opportunities ahead for South Carolina’s public port system. In his eighth address at the annual event hosted by the Propeller Club of Charleston, Newsome reviewed the Port’s financial and volume gains in recent years […]

  • 8 January 2019
    Business & Finance

    South Carolina Ports Authority (SCPA) yesterday 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 […]

  • 16 June 2016
    Business & Finance, Project & Tenders

    The South Carolina Ports Authority (SCPA) Board of Directors has adopted a financial plan for the 2017 fiscal year that includes six percent pier container growth, $226.1 million operating revenues, $40.8 million operating earnings, and capital expenditures of $248 million. The plan projects pier containers, or box volume, of 1.175 million during FY2017, a six percent […]

  • 21 August 2013
    Business & Finance, Equipment, Technology

    On the heels of announcing its fiscal year 2013 volume results at July’s meeting, including a nine percent gain in container volume and a more than 14 percent increase in non-containerized cargo at its two ports, the South Carolina Ports Authority (SCPA) reported yesterday its financial results for the year that ended June 30. Operating […]

  • 15 October 2015
    Business & Finance

    Moody’s Investors Service and Standard & Poor’s Ratings Services have affirmed South Carolina Ports Authority’s (SCPA) solid financial position, citing a growing regional economy, significant capital support and a strong operating profile as key factors in the positive ratings issued this week. The ratings come as SCPA plans to issue approximately $290 million in new […]

  • 10 August 2016
    Business & Finance

    The delivery of two super post-Panamax cranes at South Carolina Ports Authority (SCPA) last week marked a significant milestone in the Port’s big ship readiness, to be followed in the coming years by the completion of the Wando Welch wharf project and harbor deepening to 52 feet. The cranes, produced by Shanghai Zhenhua Heavy Industry […]

  • 27 February 2018
    Business & Finance

    South Carolina Ports Authority (SCPA) said in their latest announcement that Jim Newsome, SCPA president and CEO, R.D. James, Assistant Secretary of the U.S. Army for Civil Works, and other officials will gather on Friday, March 2, to celebrate the beginning of construction on the Charleston Harbor Deepening Project. Charleston Harbor Deepening to 52 feet will make […]

  • 10 January 2013

    Container traffic at the Port of Charleston was up nearly 12 percent in November, in results announced at the regular South Carolina Ports Authority (SCPA) Board meeting. Last month, the Port of Charleston handled 125,780 20-foot-equivalent units (TEUs), an 11.9 percent increase from the same month last year. Gains for containers handled at the SCPA’s […]

  • 19 July 2018
    Business & Finance

    South Carolina Ports Authority (SCPA) said in its latest release that they achieved strong performance across multiple business segments in fiscal year 2018, accomplishing new records for monthly and annual container volumes as well as progress of key capital projects. “SCPA had an ambitious growth plan for the 2018 fiscal year, and our progress across […]

  • 22 July 2014
    Business & Finance, Equipment, Technology

    SC Ports Authority reported a strong finish for the 2014 fiscal year with 8 percent container growth, an increase of 2 percent over projected plans. “Our above-market fiscal year growth again this year is testament to strong performance in our major business segments,” said SCPA president and CEO Jim Newsome. “The implementation of our strategic […]

  • 25 June 2013
    Business & Finance

    Nearly 1,000 acres of environmentally and historically significant properties in the Cooper River watershed are being permanently protected, under a $1-million land preservation program by the South Carolina Ports Authority (SCPA). The effort is part of the SCPA’s $12-million environmental and community mitigation package related to the new container terminal under construction at the former […]

  • 18 February 2016
    Business & Finance, Equipment, Project & Tenders, Technology

    South Carolina Ports Authority (SCPA) announced yesterday that the Board has approved a contract for the investigation and excavation of historical resources on the Yellow House Creek Borrow Site, a location from which soil fill material will be mined for construction of the Leatherman Terminal. The work will be performed in coordination with the State Historic […]

  • 9 September 2014
    Business & Finance, Equipment, Technology

    South Carolina Ports Authority president and CEO Jim Newsome focused on growth and modernization at the yesterday’s State of the Port, an annual event hosted by the Propeller Club of Charleston. In his sixth address since joining the SCPA, Newsome discussed the port’s strategy for maintaining the strong volume gains seen in recent years and […]

  • 16 September 2015
    Business & Finance

    Sustaining above-market container volume growth, achieving the deepest harbor on the East Coast, investing in infrastructure and expanding its cargo base topped the list of South Carolina Ports Authority (SCPA) five-year initiatives, highlighted at the State of the Port this week. In his seventh address at the annual Propeller Club of Charleston event, president and […]

  • 17 October 2013
    Business & Finance

    The South Carolina Ports Authority handled 133,011 20-foot equivalent units, or TEUs, in September, increasing its FY2014 first quarter total volume by 3.3% over the same period last year. From July through September 2013, the SCPA moved 413,818 TEUs. Total exports for the quarter reached 216,680 TEUs, a 4% increase for the Port over the […]

  • 22 October 2019
    Business & Finance

    South Carolina Ports Authority President and CEO, Jim Newsome, delivered his 11 th State of the Port address yesterday to more than 900 business executives, elected officials, SCPA customers and members of the maritime community. The Propeller Club of Charleston hosted the annual event in North Charleston. “Only eight states in the country have a […]

  • 23 March 2012

    Container volume in the Port of Charleston rose 9.2 percent in February compared to the same month last year, in results announced recently at the regular meeting of the South Carolina Ports Authority (SCPA) Board of Directors. Charleston handled 119,052 20-foot equivalent units (TEUs) last month, representing a 5.8 percent climb in container volume over […]