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SCMP Reporter

THE North Carolina State Ports Authority has reported that the Wilmington Terminal has recorded a 25 per cent rise for the first two-thirds of the 1993 fiscal year, compared with the same period last year.

  Mr P.A. Thomas, chairman of the North Carolina State Ports Authority board of directors, said the increases in breakbulk tonnage in Morehead City could be credited to the new cargoes which had been exported throughout the year.

  ''We are showing a 210 per cent increase in breakbulk tonnage for the fiscal year-to-date, primarily because of growth over the same time last year in steel billets and frozen poultry,'' he said.

  According to Mr Thomas, both the Wilmington and Morehead City Terminals experienced growth for the period in forest products tonnage (excluding wood pulp) of 27 per cent and 61 per cent, respectively.

  At Wilmington, wood pulp tonnage is 10 per cent greater than for the same period in Fiscal Year 1992.

  And containerised tobacco tonnage at Wilmington was up 122 per cent over the previous fiscal year at this time, Mr Thomas noted.

  ''We are heartened and encouraged by these positive growth trends at our North Carolina Ports,'' he said, adding that the port acknowledged the contributions that these strengths were making to its bottom line.

  ''We also note at this point in our fiscal year that revenues, while running at the same level as revenues for the similar period in Fiscal Year 1992, are below what we had budgeted for the first eight months of Fiscal 1993,'' Mr Thomas said.

    Several events beyond the control of the North Carolina State Ports Authority during the year had contributed to this situation, including the departure of two tenants at the Wilmington Terminal and a 600,000 ton decrease in phosphate shipments out of Morehead City, he explained.

  The State Ports Authority staff was taking actions to compensate for this adjustment in its revenue picture, he added.



Business booms for Wilmington