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July 22, 2014 11:15 AM, EDT
S.C. Ports Report 8% Growth in Fiscal Year
Ariana Lindquist/Bloomberg News

The South Carolina Ports Authority reported container growth increased 8% in its fiscal year, 2% more than projected.

For the total fiscal year, the port authority moved 1.7 million 20-foot equivalent units.

“Our above-market fiscal-year growth again this year is testament to strong performance in our major business segments,” SCPA President Jim Newsome said in a statement.

“The implementation of our strategic plan is paying off, and the large capital investments committed to port infrastructure by the state of South Carolina and Ports Authority are yielding great dividends. Significant capital investment by major port users has also positively impacted volumes,” Newsome said.

In June, the port authority handled 149,183 TEUs, a 19% increase from the same period last year.

The port authority said it plans on a harbor-deepening project in fiscal 2015 at the Navy Base Terminal, and the Wando Welch Terminal will receive upgrades to accommodate a rise in larger Post-Panamax vessels.