Charleston ports attract shipping amidst nationwide supply chain problems
- By mid-November CMA CGM will temporarily replace Savannah port calls with calls at the Charleston ports
- Rental rates continue to rise quarter-over-quarter
- There are currently 6.7 million square feet of industrial buildings under construction in Charleston
It is no secret that the South Carolina ports are driving industrial activity to record-breaking levels and boosting demand throughout the entire logistics pipeline. Coastal ports volume increased to 205,000 twenty-foot equivalent units during September, up 5% over the previous year. During the fiscal year 2022, the volume is up 18% over 2021 and is expected to continue increasing. Fortunately, the Charleston harbor deepening project will be completed by the end of next year making it the deepest harbor on the U.S. East Coast and able to operate 24 hours a day. This will allow for large container ships loaded and unloaded more quickly and at a higher frequency.
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