Fifth Consecutive Year of Growth Predicted.
The North Carolina State Ports Authority wrapped up fiscal year 2006 on June 30 with record annual revenues and its largest profit in 15 years, and plans to repeat the performance in the new fiscal year just begun.
Double-digit growth in container business and bulk cargo at the Port of Wilmington, and in breakbulk cargo at the Port of Morehead City, combined for the Authority's fourth consecutive year of growth. Breakbulk cargo refers to commodities like rubber, lumber, steel and woodpulp, shipped in units such as bundles, pallets or bins. Bulk cargo is products which flow, like fertilizer or salt.