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Saturday, October 21, 2017

Florida Seaports See Continued Growth -Report

Posted by May 16, 2017

© Jonathan Ross / Adobe Stock

© Jonathan Ross / Adobe Stock

“Florida seaports have demonstrated three straight years of growth in total cargo tonnage, including an increase of 4.2 percent in 2015/2016. This is in addition to a strong cruise sector, where Florida continues to be home to the top three cruise ports in the world,” said Doug Wheeler, president and CEO of the Florida Ports Council, who has released a report providing updated figures on international trade, cargo data and cruise activity at Florida’s seaports. 
 
The report, Florida Seaports: High Performance – 2017-2021 Five-Year Florida Seaport Mission Plan, indicates that the state’s seaports have seen continued growth in cargo and cruise segments.
 
“Clearly, port infrastructure investments by Governor Scott and the Legislature are paying off as Florida further establishes itself as a key player in the global marketplace,” Wheeler said.
 
The annual Five-Year Seaport Mission Plan is a statutorily required report produced by the Florida Ports Council on behalf of the Florida Seaport and Transportation and Economic Development Council.
 
Highlights of the 2017-2021 plan include:
  • $50.1 billion in value of containerized cargo moved (6.4 percent increase)
  • 3.5 million TEUs handled 
  • 15.5 million cruise passengers served (1.4 percent increase)
  • $2.8 billion programmed in improvements over the next five years 
 
“Due to the state’s priority on seaport development, Florida ports trade with more than 200 countries and continue to expand reach and accessibility every year,” said Wayne Stubbs, FSTED chairman and Port Panama City director. “Port investments through FSTED have a return on investment of nearly $7 in state and local tax revenue for every $1 of state funding, creating a diverse and growing economy for Floridians and future generations.”
 
See the full report here.
 
FloridaFlorida Ports CouncilScott