Make us your home page

Tampa port posts record revenue despite rough economy

Turbulent economic seas didn't stop the Port of Tampa from posting record operating revenue of $42 million and eke out a 3 percent boost in operating income, port director Richard Wainio said in his annual State of the Port address Thursday.

Wainio said the Tampa port, like most ports in the nation, has seen cargo activity decline over the past five years, with private terminals hit hardest by the recession. Beyond lessened consumer demand, the port was also hurt by TECO's decision to sell its ocean transport company and begin shipping coal by rail to its Big Bend facility.

On the other hand, steel shipments are up, he said, and the diversity of the port's business lines has helped it through the slump.

Cruise passenger totals reached about 875,000, second-highest only to the year after Hurricane Katrina, when a cruise vessel was temporarily shifted from New Orleans to Tampa. Wainio predicted hitting a record this current fiscal year and breaking the 1 million passenger mark a year from now.

Over the next five years, the port is planning $320 million in new investments, including the expansion of its container terminal. Construction is slated to begin soon on the largest project planned at the port: a $40 million modernization and expansion of its main oil terminal, the primary entry point for gasoline feeding all of west-central Florida's nearly 9 million residents.

Separately on Thursday, Gov. Rick Scott reappointed William "Hoe" Brown to a four-year term on the Tampa Port Authority.

Brown, 54, of Tampa is the president of JB Carrie Properties Inc. He's been on the Port Authority's seven-member board since 2008. His appointment to the board is subject to confirmation by the Florida Senate.

Tampa port posts record revenue despite rough economy 12/08/11 [Last modified: Thursday, December 8, 2011 10:01pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Pinellas wants to see impact of tourism bucks spent on big events

    Local Government

    CLEARWATER –– Pinellas County relies on more than just beaches to attract visitors. County government also spends millions to help sponsor big-name events to draw even more tourists.

    The Pinellas County Tourist Development Council awareded up to $250,000 to help sponsor the 2018 Firestone Grand Prix of St. Petersburg. [CHRIS URSO   |   Times]
  2. Appointments at the Tampa Metropolitan Area YMCA and the Straz Center highlight this week's Tampa Bay business Movers & Shakers



    The Tampa Metropolitan Area YMCA has named Matt Mitchell its new chief executive officer, effective Oct. 16. Selected by the Y's CEO Search Committee following a five-month search, Mitchell will succeed Tom Looby, who is retiring. Looby has served the Y Movement for 37 years, the past 10 …

    The Tampa Metropolitan Area YMCA has named Matt Mitchell as its new Chief Executive Officer. [Handout photo]
  3. Rep. Larry Ahern gets roughed up by Clearwater City Council

    State Roundup

    It seemed innocuous enough: an "end of session report" from state Rep. Larry Ahern, R-Seminole, to the Clearwater City Council.

    Then Ahern got taken to the woodshed.

    Rep. Larry Ahern is vying for a seat on the Pinellas commission.
  4. There's a bar in Tampa where you can roller skate and eat sushi

    Food & Dining

    Roller skating, it's not just for kids birthday parties and the 1970s anymore.

    The exterior of Pattinis features this mural by Art Aliens! [Pattinis South Tampa via Facebook]
  5. Lockdown: Florida's 97,000 prison inmates confined through weekend

    State Roundup

    All of Florida's 97,000 state prison inmates are on lockdown — and will remain confined to their dorms at least through the weekend — in response to unspecified threats about possible uprisings, officials from the Florida Department of Corrections confirmed Thursday.

    Blackwater River Correctional Facility. [Florida Department of Corrections]