Posted on April 6, 2026
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.
