Tag Archives: Miami-Dade

PortMiami Reports Increased Economic Impact in 2023

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PortMiami’s annual economic impact has grown to $61.4 billion, up from $41.4 billion in 2016, according to a study conducted by Martin Associates, according to a press release.

The study measured PortMiami’s impact in terms of jobs, business revenue, consumer spending and state and local taxes. PortMiami has contributed $2.2 billion in state and local taxes, of which $1.6 billion is attributed to port users. Additionally, 340,078 jobs are supported by port activity, including 29,423 direct local jobs.

“PortMiami is not only one of Miami-Dade County’s most important economic engines, its economic impact is also felt regionally and globally,” said Miami-Dade County Mayor Daniella Levine Cava. “This report confirms the seaport’s vital role in supporting good-paying local jobs and contributing to the growth of our community, in addition to our commitment to resilience and reducing our carbon footprint with shore power and our net zero plan.” 

Highlights of the 2023 study:

  • $61.4 billion in total economic activity, which accounts for 3.9 per cent of the $1.6 trillion Gross Domestic Product (GDP) for the state of Florida.
  • $2.2 billion in state and local taxes, of which $1.6 billion is attributed to Port users.
  • 340,078 jobs supported by port activity, including 29,423 direct local jobs.

The economic impact analysis was based on data obtained through interviews and telephone survey programs of the seaport’s tenants and the companies providing cruise and cargo services at PortMiami. In addition, a survey of cruise passengers and crew was conducted to develop passenger spending profiles pre- and post-cruise as well as the spending characteristics of the crew during each port call at Miami. 

“The seaport continues to play a critical role in the economic vitality of our region. We will continue to invest in our infrastructure to ensure that PortMiami remains a world-class cruise and cargo port,” said Hydi Webb, director and CEO, of PortMiami. “I want to thank all the seaport’s partners for their unrelenting support. Our continued growth and success are a result of strong collaborations.” 

PortMiami Posts Busiest Cruise Year in History

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Royal Caribbean departing Port of Miami photo credit Spacejunkie2

PortMiami welcomed a total of 7,299,294 passengers during Fiscal Year 2023, setting a new record in cruise activity, the port announced in a press release.

During the period, which started on October 1, 2022 and ended on September 30, 2023, PortMiami experienced a nearly seven percent increase in cruise passenger totals compared to its previous record of 6,823,816 passengers in Fiscal Year 2019.

“Congratulations to the entire PortMiami team and its partners on its busiest cruise year ever,” said Miami-Dade County Mayor Daniella Levine Cava.

“PortMiami continues to drive our economy forward, creating opportunities for residents and businesses across our county. The Port is an industry leader, which is future ready and committed to innovative, efficient, and sustainable growth,” she added.

The 2024 Fiscal Year season is also bringing new developments, PortMiami said, which include new cruise lines and new vessels.

Among the new line-up of ships which began sailing to the facility are Oceania Cruises’ Vista, Carnival Cruise Line’s Carnival Venezia, the Scenic Eclipse II, Crystal Cruises’ Crystal Serenity, Explora Journey’s Explora I, Norwegian Cruise Line’s Norwegian Viva; and Regent Seven Seas Cruises’ Seven Seas Grandeur.

In January 2024, Royal Caribbean Group’s Icon of the Seas, the largest cruise ship in the world, will also begin a year-round deployment from the port.

According to the port, dedicated partnerships and the development of new business have contributed to PortMiami’s post-pandemic recovery.

Since the pandemic, the port opened three new cruise terminals: Norwegian Cruise Line’s Cruise Terminal B, the Pearl of Miami; Carnival Corporation’s Cruise Terminal F; and Virgin Voyages’ Cruise Terminal V, the Palm Grove.

Currently under construction are MSC Cruises’ Terminals AA/AAA, which will open in 2024. Recently, the Miami-Dade Board of County Commissioners approved Royal Caribbean Group’s new Cruise Terminal G, which is expected to open in late 2027.

Shore power – a partnership between PortMiami, its cruise partners (Carnival Corporation, MSC Cruises, Norwegian Cruise Line, Royal Caribbean Group, and Virgin Voyages) and Florida Power & Light Company – is also in progress. Upon completion in 2024, shore power capability will be available at five cruise terminals with the ability to plug in three ships simultaneously. Shore power will allow a cruise ship to turn off their primary engines while docked, resulting in reduced air emissions, PortMiami said.

Disney Considering a ‘Competing Port’ Ahead of Miami-Dade Meeting

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Disney Cruise Line is considering “a competing port” to Miami for use with its expanding fleet.

This was reported in Miami-Dade County’s Memorandum ahead of the Board of County Commissioners meeting on Feb. 17.

“Disney has recently advised the Port that, prior to entering into a preferential berthing rights agreement with the County, it will conduct due diligence with a competing port regarding a long-term berthing agreement at that port,” the Memorandum reads.

Disney currently sails cruises seasonally from PortMiami, and is a key client at Port Canaveral, with a year-round presence.

However, by 2025, Disney’s fleet is expected to grow from four to seven – with the Disney Wish and two other unnamed ships entering the family.

If MSC Cruises signs a lease agreement with PortMiami for Berths 8, 9 and 10, Disney Cruise Line may share Berth 10 with MSC, getting preferential use rights over other cruise lines, according to the Memorandum.

It is not wholly clear which other port the cruise line is considering, although Port Everglades would be the closest major cruise port to Miami.