South Carolina's $1.2B port terminal struggles financially

Authorities work to address financial challenges at the Leatherman Terminal in North Charleston

Apr. 5, 2026 at 10:22am

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The South Carolina State Ports Authority's $1.2 billion Leatherman Terminal in North Charleston has faced financial difficulties since opening five years ago, with the port struggling to generate enough revenue to cover its costs.

Why it matters

The Leatherman Terminal was a major infrastructure investment intended to boost South Carolina's economy and competitiveness as a shipping hub, but its ongoing financial troubles raise concerns about the state's ability to effectively manage and operate large-scale port facilities.

The details

The Leatherman Terminal has failed to attract as much cargo volume as initially projected, leading to lower-than-expected revenue. Authorities are now working to address the financial challenges, which could include adjusting operations, seeking additional funding, or exploring partnerships to improve the terminal's viability.

  • The Leatherman Terminal welcomed its first container ship five years ago this week.
  • The terminal has been struggling financially since its opening.

The players

South Carolina State Ports Authority

The state agency responsible for managing and operating the Leatherman Terminal and other port facilities in South Carolina.

Leatherman Terminal

A $1.2 billion container terminal located in North Charleston, South Carolina, operated by the South Carolina State Ports Authority.

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What’s next

Authorities are exploring various options to address the Leatherman Terminal's financial challenges, including adjusting operations, seeking additional funding, or exploring partnerships to improve the terminal's viability.

The takeaway

The ongoing financial struggles at the Leatherman Terminal highlight the complexities and risks involved in developing and operating large-scale port infrastructure projects, and the importance of careful planning and management to ensure long-term success.