Jan. 16, 2020
Port of Pensacola Revenue Nearly Doubles from 2018 to 2019
Revenue at the Port of Pensacola nearly doubled year-over-year from fiscal year 2018 to 2019, growing from $1.26 million to $2.41 million – an increase of more than 91 percent.
The port also saw a significant increase in dockage days, wind energy shipments and breakbulk cargo, with approximately 64,638 tons of breakbulk cargo shipped through the Port of Pensacola in 2019.
"We've been working hard to continue to attract new tenants and provide opportunities for existing tenants to expand and do business at the Port of Pensacola, and we're excited to see that reflected in our revenue," Port Director Amy Miller said. "We look forward to another great year ahead as an economic driver in the City of Pensacola and beyond."
The revenue totals include port operations only, excluding grants and other non-operating revenues.
Some highlights for the Port of Pensacola in 2019 include:
- 64,638 tons of breakbulk cargo, an increase of 78 percent from fiscal year 2018
- 1,632 units of wind energy shipments, an increase of 126 percent from fiscal year 2018
- 737 dockage days, an increase of 287 percent from fiscal year 2018
- $3.1 million received for berth restoration to provide additional opportunities for large vessels to dock at the port, along with an additional $450,000 for upland cargo and berth improvement initiatives
- Portside Pensacola Vision Plan completed in 2019
- 38 open house hours
- 84,572 social media views
- International trade partners and cargo routes including Mexico, the Bahamas, Brazil and Israel
- Continued involvement in aquaculture through Pensacola Bay Oysters
The Port of Pensacola's plans for 2020 include working with the City of Pensacola to activate the SCAPE "Hashtag Connector" concept and Port Vision Plan, along with continuing to improve port infrastructure and increase cargo volumes. The port also plans to pursue new marine maritime repair and overhaul, or MRO, business and related light manufacturing.
The Port of Pensacola currently houses a variety of tenants in industries ranging from cement and building materials to sailing and oyster farming. Tenants include Cemex, Pensacola Bay Oysters, American Magic Sailing, Blue Origin, Pate Stevedore, Martin Marietta and Offshore Inland Marine & Oilfield Services.
"We are fortunate to have such a thriving deep-water port right here in Pensacola," Mayor Grover Robinson said. "To see them almost double their year-over-year revenue is a true testament to the Port of Pensacola's value and their significant economic impact in our community, and it shows that we are reaping the rewards of following our plan to be a niche port. I am confident that we will continue to see great things happening at the port in 2020."
To learn more about the Port of Pensacola, visit portofpensacola.com.
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