Plotting a new course: Port of Charleston gears up for the era of 'big ships'

© Khunaspix Dreamstime.

An interesting interview with the CEO of Port of Charleston, who says investment is the only way to boost volumes at the port, which has suffered from intense competition from the port of Savannah. Charleston, federal agencies and the state are planing to invest $1.3bn over the next 10 years – and the port is seeking more outside investors to help with the funding. The port is also looking at changing the way it charges shipping lines – it is introducing a flat “ancillary fee”. That is not expected to be an easy sell, admitted the chief.