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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
8/8/2005

Record Year for South Carolina Ports

Strides in efficiency, infrastructure boost volume to all-time high

Charleston, SC - Riding a wave of increased productivity and a solid financial position, the South Carolina State Ports Authority (SCSPA) closed its most successful fiscal year by posting record container volume and revenues.

The Port of Charleston handled 1.97 million 20-foot equivalent units (TEUs) in FY05, an increase of 14% from the previous year. Total SCSPA breakbulk tonnage also rose 14% to nearly two million tons.

Operating revenues totaled $138 million, up 18% from FY04. All net earnings are reinvested in the SCSPA's port facilities.

“Upgraded equipment and information systems allowed the Port of Charleston's employees to meet strong customer demand last year,” said Bernard S. Groseclose Jr., president and CEO of the SCSPA. “With an aggressive two-year capital plan, a new bridge, harbor deepening and port expansion, Charleston is preparing for the next wave.”

Highlights from the past year include: