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South Carolina Ports Authority reports steady 2024 volumes, no capital request for 2025
Summary
Barbara Melvin, president and CEO of the South Carolina Ports Authority, told the Economic Development Budget Subcommittee the port finished 2024 with record activity at Wando Terminal and 2.5 million TEUs overall, and said the authority will not request capital funding in 2025.
The South Carolina Ports Authority finished 2024 with record container and terminal outcomes but is not requesting capital funding in the 2025 budget cycle, Authority President and CEO Barbara Melvin told the Economic Development Budget Subcommittee.
Melvin said the authority handled a record at the Wando Terminal and reported 2.5 million TEUs in 2024 while citing inland ports Greer and Dillon as major contributors. "Volume cures everything," Melvin said, describing volume growth as the main way the port covers costs and improves productivity.
The Ports Authority told the subcommittee it is continuing multiple capital projects and planning to expand permitted capacity from about 3.5 million TEUs to 5.3 million TEUs…
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