Cleveland Port Authority has substantial increases in ships and cargo in 2014

Cleveland Port Authority has substantial increases in ships and cargo in 2014

In 2014, the Cleveland-Cuyahoga Port Authority had substantial increases in ships and cargo. Highlights of their busy year include:

  • Shipping through the lakefront docks of the Port of Cleveland was up significantly over 2013.
  • While the monthly international shuttle of the Fortunagracht continues to operate at a loss for the Port Authority, its Dutch partner and ship owner, the Spliethoff Group, plans to make its own investment of a second monthly sailing, making the service more attractive to shippers.
  • The Port Authority’s development finance operation, which helps cut costs for developers, was significantly busier than in 2013, providing the agency with $3 million in fee income.
  • It found an affordable solution for what to do with the silt that reduces the depth of the Cuyahoga River that, left untouched, would hurt upriver shipping. (The Port Authority does still need the U.S. Army Corps of Engineers and the Ohio Environmental Protection Agency to solve their differences.)

Read more from Crain’s Cleveland