- Support 1,208 direct jobs
- Produce $209.5 million in personal income
- Yield $306 million in business services revenues
- Generate $103 million in local purchases
- Deliver approximately $19.5 million in state and local taxes
Port Everglades, Crowley Liner Services Renew Long-Term Agreement
posted by AJOT | Jun 20 2016 at 02:57 PM | Ports & Terminals
BROWARD COUNTY, FL - Crowley Liner Services has entered into a new 10-year, $157.8 million lease and operating agreement with the Broward County Board of County Commissioners for a 99-acre marine terminal at Port Everglades. The agreement also includes two five-year extension options.
The lease agreement combines Crowley's original 74-acre leasehold with the 25-acre SeaFreight leasehold, which Crowley acquired in October 2015.
"Crowley became the first tenant in our Southport container terminal complex in January 1990, and has grown, and restructured, the terminal from its original 55.54 acres to become our largest marine terminal operator. We value our long-term partnership with Crowley Liner Services and appreciate the company's flexibility as Port Everglades continues to expand for future growth," said Port Everglades Chief Executive & Port Director Steven Cernak.
In Fiscal Year 2015 (October 1, 2014 through September 30, 2015), Crowley transported 145,940 containers through the Port, generating nearly 29 percent of the Port's total container revenue. During the same time period, SeaFreight moved 41,801 containers.
Under the terms of the new lease, Crowley's estimated annual regional economic impact, based on the projected level of activity by lease year six, will: