On 31st of October, Port Canaveral announced record-breaking results from all operations, as well as new high-water marks for the Port’s major business lines of cruise and cargo.
Namely, the Port of Canaveral earned $103.75 million in total revenue for Fiscal Year 2018, while for the first time in the Port’s history, operating revenues reached $101.72 million with over $10 million in cargo revenues earned and reached a new record for multi-day cruise ship passengers at the Port. The FY ‘18 figures are $8.44 million above last year’s reported revenues of $93.28 million and a 120% jump from FY ‘08, when operating revenues totaled $46.1 million.
These historic achievements are affirmation that the course we’ve charted for our Port is a good one.We’re continuing to look ahead to strong organic growth, sound business planning, and a clear focus on creating a best-in-class experience for every customer.
Port CEO Capt. John Murray stated.
In addition, more cruise guests than ever chose to do multi-day vacations at Port Canaveral in 2018, as the number of passengers increased by 327,489 to 4,568,431 in 2018, a 7.7% increase over last year.
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The Port’s cargo portfolio also reported double-digit increases in, rising by 18% to an all-time high of $10.15 million. What is more, cargo tonnage in 2018 went up to 6,404,944 tons, a 6.9% increase over the previous year.
Commission Chairman Wayne Justice stated that:
These are exciting times at the Port. Our evolution from a small man-made port for the military to a 21st century economic driver for the Central Florida region and beyond has been driven by deliberate and strategic decisions. Our strong partnerships with our customers and our community, combined with a commitment to enhance the value of our assets and invest in infrastructure will continue to promote solid growth and prosperity.
Port Canaveral’s fiscal year ended September 30, 2018.