Submitted by Susan Hardee Steger
August 23, 2016 1:15 a.m.
Business is improving at the Port of Fernandina following a downturn in shipping activity during 2013 and 2014. According to Ocean Highway & Port Authority (OHPA) Attorney Clyde W. Davis, should the trend continue the port could “easily exceed the numbers of the previous three years.”
Reports from the July 13 meeting of the Ocean Highway & Port Authority, show the following:
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The strongest month of the year was in June with 34,230 tons of cargo moving through the port. “The increased tonnage is driven by increased shipment of local products in the form of Kraft liner-board and lumber,” said Davis.
The Port of Fernandina has seen a decrease in container tonnage and an increase in “break-bulk” shipping (separate pieces rather than containers).
Operating income and net income YTD are up over last year’s figures. YTD revenues stand at $902,991.00, and exceed last year’s YTD earnings. YTD expenditures have declined from $261,466 in 2015, to $253,403 in 2016.
Davis said, “Although we have not yet recovered from where we were when steel shipments were booming, our “numbers” show consistent, steady improvement. If we stay on track, we will easily exceed the numbers of the previous three years.”