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Port expects revenue boost

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By TED JACKOVICS

tjackovics@tampatrib.com

Published: August 28, 2009

TAMPA - Port of Tampa officials said Thursday they expect petroleum, container cargo shipments and total tonnage to increase in 2010, when projected total revenue will be $41.6 million, compared with an estimated $39.2 million for the fiscal year that ends Sept. 30.

The port has weathered the downturn in worldwide trade reasonably well in fiscal 2009, port director Richard Wainio said in forging the port's 2010 budget proposal that will be adopted Sept. 24.

He pointed to a projected $27.2 million in net income excluding grants this year, compared with $26.2 million in 2008

The new budget continues to show increases in security costs, which at $6.9 million will account for 28 percent of the port's operating expense next year.

Cruise revenue next year is expected to remain at 2009 levels. Holland America will replace the ship Veendam with the Ryndham, port officials said Thursday, and Royal Caribbean said in May it would replace the Grandeur of the Seas with Radiance of the Seas.

Reporter Ted Jackovics can be reached at (813) 259-7817.

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