The S.C. State Ports Authority approved a new inland port in Dillon County, a refrigerated cargo project at the Wando Welch Terminal in Mount Pleasant and new salaries for the port’s executive team on Monday.
Also that day, President and CEO Jim Newsome gave his State of the Port address, outlining plans and challenges for the port and reporting an uptick in cargo volumes in August.
A busy August
The Port of Charleston had its busiest August ever this year, with some 101,000 total pier containers — up about 5% from August 2015, and 180,000 20-foot equivalent units — up 5.6% from this time last year, coming through its terminals.
“August was a stronger month for the port, particularly in loaded container volume,” Newsome said in a news release. “I expect to see similar growth over the next few months, as the fall is a traditionally strong season.”
Fiscal 2017 to date
In July and August, the first two months of fiscal year 2017, the port handled around 201,000 pier containers, or the number of boxes, regardless of size. This is a 3% jump from the same period in fiscal 2016.
The port reported 128,000 pier tons in Charleston and 1,500 pier tons in Georgetown, plus 35,000 cruise passengers and 312 ships docked.
The Inland Port in Greer recorded around 16,600 rail moves.
The ports authority board approved a contract to begin work on a new refrigerated container service area at the Wando Welch Terminal. The port expects continued growth in refrigerated products coming through the terminal, as more cold storage facilities establish operations in the region and current facilities expand capacity.
Illinois-based Patrick Engineering Inc. was awarded the $6 million contract. Work includes pouring 6 acres of concrete pavement and building two service canopy structures and associated utilities, board documents show.
Construction is anticipated to run from October through February 2018.
Bonuses and salaries
For fiscal 2016, the port reached 24% payout of its bonus plan.
Bonuses are determined by the port’s volume growth, operating earnings and productivity for the year.
An employee’s position also plays a role. Bonus amounts are based on a percentage of an employee’s base salary. For example, the CEO gets 33% of his salary, or about $34,000 in fiscal 2016, if goals are reached.
Port employees, excluding the CEO and senior vice presidents, earned a total of $770,000 in bonuses for fiscal 2016. The executive team received around $122,000 in bonuses.
The board also approved new salaries for the executive team, effective Jan. 1.
|Name, title||Annual salary|
|Jim Newsome, president and CEO||$455,000|
|Paul McClintock, senior vice president of sales and marketing||$260,000|
|Barbara Melvin, senior vice president of operations and terminals||$260,000|
|Peter Hughes, senior vice president of finance and administration||$240,000|
|Jack Ellenberg, senior vice president of strategic projects||$200,000|
|Clint Eisenhauer, senior vice president of external affairs||$195,000|
|Bob Mozdean, senior vice president of human resources||$195,000|
Source: S.C. State Ports Authority