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PortMiami Generates Double-Digit Cargo Container Growth In First Half Fiscal Year

Containerized cargo shipments through PortMiami increased 12 percent during the first six months of fiscal 2015.

The government-run port said it handled 477,400 TEUs (twenty-foot equivalent units) through March, up from 426,000 during the same period last year. That number is expected to grow substantially in coming years, as PortMiami is on target to complete the dredging of its channel to 50 feet deep by July. That will allow it to accommodate massive post-Panamax ships.

“PortMiami is recognized as a major global logistics hub in the Americas,” Miami-Dade County Mayor Carlos A. Gimenez said in a news release. “Solid partnerships and continued commitment to growing PortMiami’s business allows Miami-Dade County to stay competitive and generate an economic impact of approximately $27 billion annually supporting over 207,000 jobs.”

Increased shipments through PortMiami are expected to increase the demand for industrial real estate and logistics services in South Florida.

 

Source:  SFBJ