The North Carolina State Ports Authority reported record revenue of $79.3
million in the 2023 fiscal year, a 16.7% increase from a year earlier.
Executive Director Brian Clark cited a record year for general cargo and strong increases in intermodal business.
Container volume through the Port of Willmington increased by 7% as the NC Ports added two new vessel operators — 2M Emerald/TP16/ZSA Services and Ellerman City Liners. The additions led to increased global connectivity with 12 new relay port and new direct port calls to six locations: Singapore; Hamburg, Germany; Bilboa, Spain; Rotterdam, Netherlands; and the Chinese ports of Xiamen and Yantian.
“We continue to identify solutions for our port users and tailor our growth to meet customer needs and long-term plans,” Hans Bean, chief commercial officer, said in a release.
NC Ports posted 12% year-over-year growth for general cargo volume, marking a record
year for tonnage and revenue. The ports of Wilmington and Morehead City moved almost 4.6 million short tons of bulk and break bulk cargo.
Intermodal volume increased 74% and now make up 9% of total container volume. The Midwest Express rail service and Queen City Express rail service to Charlotte averaged more than 550 “twenty-foot equivalent units,” or TEUs. per week.
The Port of Wilmington is expanding a refrigerated-container yard that will open this fall. Plans call for breaking ground on a new intermodal facility later this year. The ports are funded by appropriations from the state and revenues from its cargo and grant programs.
For 40 years, sharing the stories of North Carolina's dynamic business community.