2007 Q2 Industrial Charleston Report

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Port of Charleston

The Port of Charleston’s solid gains continue. Port management anticipates a 5% container traffic growth for the next fiscal year. Recent port happenings include:

  • Commenced construction on the new 280 acre terminal which is predicted to be operable in 2013 and will increase capacity from two million TEU’s to four million TEU’s;
  • Received post panamax cranes for use for larger ships;
  • Mediterranean Shipping Line (MSC) is making Charleston its South Atlantic Corporate Headquarters and will relocate to a new 45,000 square foot office building;
  • A consortium of four shipping companies, the New World Alliance, sited Charleston’s deep channel and the Port’s proximity to the open ocean in its decision to renew its five year shipping contract.

Manufacturing

The growth of manufacturing in Charleston is significantly enlarging the economic base of this community. Growth is fueled primarily by:

  • Force Protection and Protected Vehicles – Two local companies realizing exponential growth in orders and production of mine resistant vehicles for the US armed forces and its allies. Raw materials are imported through the Port of Charleston, parts integration and electronics installation are performed in Charleston.
  • Vought/Alenia – Recently completed facility constructs the aft fuselage component of the new 787 Dreamliner, the first large commercial airplane made mostly of carbon fiber components. The launch of this aircraft is poised to be the most successful commercial aircraft launch in history based on existing orders.
  • Daimler Chrysler Plant – Commenced assembly in March 2007 of the next generation Sprinter Vans. Demand is strong for these highly efficient and versatile vehicles.

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Charleston industrial report

2007 Q2 Industrial Charleston Report

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