South Carolina's $1.2 billion Leatherman Terminal struggles with financial issues, failing to meet cargo volume projections since its opening five years ago.
The South Carolina State Ports Authority's $1.2 billion Leatherman Terminal in North Charleston has faced financial difficulties since opening five years ago, reports Miami's DredgeWire.
The terminal was intended to boost South Carolina's economy and competitiveness as a shipping hub, but it has failed to attract the cargo volumes projected. Lower revenue has raised concerns about the state's ability to manage large-scale port facilities.
Authorities are working to address the challenges, which could include adjusting operations, seeking additional funding, or exploring partnerships to improve viability. The Leatherman Terminal welcomed its first containership five years ago this week and has struggled financially since.
