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176 Concord Street, P.O. Box 22287, Charleston, SC 29413-2287
Contact: Erin Dhand, Manager, Corporate Communications and Community Affairs
Telephone: 843-577-8121 • Fax: 843-577-8127 • e-mail: EDhand@scspa.com


FOR IMMEDIATE RELEASE
3/31/2005

Twenty-One Companies Interested in S.C. Port Expansion

Charleston, SC - Twenty-one of the world's leading ocean carriers and marine terminal operators have expressed interest in the South Carolina State Ports Authority's (SCSPA) port expansion projects in Charleston and Jasper County.

The SCSPA is currently pursuing permits for a new 280-acre, three-berth container terminal on the former Charleston Naval Base. Also, the SCSPA Board in January unanimously voted to pursue a state-owned marine terminal on the South Carolina side of the Savannah River in Jasper County.

The formal request for expression of interest (RFEI) issued in February was broad, “seeking private sector interest in participating financially in terminal design and development and operation of either or both” of South Carolina's major port expansion projects.

“We're very pleased with the response,” said Bernard S. Groseclose Jr., president and chief executive officer of the SCSPA. “There's a strong demand for port capacity in the Southeastern U.S., and these two projects represent a tremendous opportunity.”

In June, the SPA will host three half-day, group informational meetings with the firms to outline the projects and next steps.

The Corps of Engineers expects a decision on permits for the Charleston expansion project by August 2006. In January, the SPA Board approved a nearly $5 million environmental study to obtain the necessary approvals. While the Charleston expansion is somewhat ahead of the Jasper project, the SCSPA intends to move both projects ahead on parallel courses.

Companies responding favorably to the RFEI include: APL, APM Terminals, Ceres Terminals, CMA-CGM America, COSCO North America, CSAV, Evergreen America, Hanjin Shipping, Hutchison Port Holdings, Hyundai Merchant Marine (America), K-Line America, Maersk Inc., MTC (Marine Terminals Corp.), Mistui O.S.K. Line, NYK Line (North America), OOCL (USA), P&O Nedlloyd, P&O Ports North America, SSA Marine and Yang Ming (America) and Zim-American Integrated Shipping Company.

The South Carolina State Ports Authority, established in 1942, owns and operates public seaport facilities in Charleston, Georgetown and Port Royal, handling international commerce valued at $46.5 billion annually.

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