OCDC SUMMIT | 11/12/08. Presentation Overview The Current Situation Major Trade Industry Issues Importance of Port Capacity.

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Presentation transcript:

OCDC SUMMIT | 11/12/08

Presentation Overview The Current Situation Major Trade Industry Issues Importance of Port Capacity

OCDC SUMMIT | 11/12/08 Charleston is a Major Port Sixth busiest US seaport in cargo value in 2007 Volume doubled since ‘93 Record Productivity Deeper Water Despite Near-Term Challenges, Opportunity Now’s the time to prepare Charleston’s Situation

OCDC SUMMIT | 11/12/08 Major Trade Industry Issues Expanding Trade Growing SE Population West Coast Problems = East Coast Opportunity Bigger Ships…Panama and Suez

OCDC SUMMIT | 11/12/08

Top Importers and Exporters U.S. Foreign Trade Via Container Top Importers (000s TEU)Top Exporters (000s TEU) 1Wal-MartAmerica Chung Nam 2TargetWeyerhaeuser 3Home DepotDuPont 4SearsKoch Industries 5DoleCargill 6Lowe’sInternational Paper 7CostcoDow Chemical 8LG GroupProctor & Gamble 9Philips ElectronicsMeadWestvaco 10ChiquitaAllan Co. Source: Journal of Commerce, May 28, 2007

OCDC SUMMIT | 11/12/08 Top Importers and Exporters U.S. Foreign Trade Via Container Top Importers (000s TEU)Top Exporters (000s TEU) 1Wal-MartAmerica Chung Nam 2TargetWeyerhaeuser 3Home DepotDuPont 4SearsKoch Industries 5DoleCargill 6Lowe’sInternational Paper 7CostcoDow Chemical 8LG GroupProctor & Gamble 9Philips ElectronicsMeadWestvaco 10ChiquitaAllan Co. Source: Journal of Commerce, May 28, 2007

OCDC SUMMIT | 11/12/08

New Port Capacity is Vital Bridge, Deepening Improvements to Existing Terminals Navy Base Jasper

OCDC SUMMIT | 11/12/08

Port Expansion Status Permits in Hand Four years, $5 million in studies (5,000 pages) Nine state and federal agencies signed off Largest mitigation package in SC history Additional voluntary efforts Work is Underway Tenants vacated, land transferred Test embankments, demolition complete Hired site prep construction management firm Detention pond, marina road nearing completion Financing in Place $182.5M for Port Access Road Terminal 100% internally-funded

OCDC SUMMIT | 11/12/08

Presentation Review We’re well positioned. S.C., The Port, Orangeburg County Must leverage the “Big Three.” Draft Advantages, Growing Trade, DCs New port capacity is essential.

OCDC SUMMIT | 11/12/08