For Full Story: The Maritime Executive
Article By: Staff
Port Canaveral is marking its 65th anniversary on a high note. On October 31, it announced record results for all aspects of its operations, including its cruise port business, its cargo revenues and its overall financial performance.
More cruise guests than ever launched multi-day vacations at Port Canaveral last year. The total number of passenger movements at the world’s second-busiest cruise port rose by about 330,000 to 4.6 million in 2018, an eight percent increase over last year. In addition, the port’s operating revenues reached more than $100 million, including over $10 million in cargo revenues – the highest level in the Port’s history.
“This is more than double the Port’s Fiscal Year 2008 revenues of $47.4 million and represents an exceptional return on cruise and other capital investments,” said Port Commission treasurer Tom Weinberg in a statement.
The full-year figures are more than $8 million above last year’s revenues and a 120-percent jump from 2008. Cargo revenues were up by 18 percent, and tonnage rose by seven percent.
“These historic achievements are affirmation that the course we’ve charted for our Port is a good one,” stated Port CEO Capt. John Murray. “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.”