ocdc summit | 11/12/08. presentation overview the current situation major trade industry issues...
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OCDC SUMMIT | 11/12/08OCDC SUMMIT | 11/12/08
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OCDC SUMMIT | 11/12/08
Presentation Overview
The Current Situation
Major Trade Industry Issues
Importance of Port Capacity
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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
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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
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OCDC SUMMIT | 11/12/08
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OCDC SUMMIT | 11/12/08
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OCDC SUMMIT | 11/12/08
Top Importers and ExportersU.S. Foreign Trade Via Container
Top Importers (000s TEU) Top Exporters (000s TEU)
1 Wal-Mart America Chung Nam
2 Target Weyerhaeuser
3 Home Depot DuPont
4 Sears Koch Industries
5 Dole Cargill
6 Lowe’s International Paper
7 Costco Dow Chemical
8 LG Group Proctor & Gamble
9 Philips Electronics MeadWestvaco
10 Chiquita Allan Co.
Source: Journal of Commerce, May 28, 2007
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OCDC SUMMIT | 11/12/08
Top Importers and ExportersU.S. Foreign Trade Via Container
Top Importers (000s TEU) Top Exporters (000s TEU)
1 Wal-Mart America Chung Nam
2 Target Weyerhaeuser
3 Home Depot DuPont
4 Sears Koch Industries
5 Dole Cargill
6 Lowe’s International Paper
7 Costco Dow Chemical
8 LG Group Proctor & Gamble
9 Philips Electronics MeadWestvaco
10 Chiquita Allan Co.
Source: Journal of Commerce, May 28, 2007
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OCDC SUMMIT | 11/12/08
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OCDC SUMMIT | 11/12/08
New Port Capacity is Vital
Bridge, Deepening
Improvements to Existing Terminals
Navy Base
Jasper
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OCDC SUMMIT | 11/12/08
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OCDC SUMMIT | 11/12/08
Port Expansion StatusPermits in Hand
Four years, $5 million in studies (5,000 pages)Nine state and federal agencies signed offLargest mitigation package in SC historyAdditional voluntary efforts
Work is UnderwayTenants vacated, land transferredTest embankments, demolition completeHired site prep construction management firmDetention pond, marina road nearing completion
Financing in Place$182.5M for Port Access RoadTerminal 100% internally-funded
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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.
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OCDC SUMMIT | 11/12/08