Preliminary figures for the fiscal year ending September 30, 2024, indicate that Port Everglades has achieved significant growth in cruise, cargo, and petroleum volumes, leading to record revenues.
"Port Everglades is one of Broward County’s vital economic engines, which supports more than 11,000 local jobs. That is a direct result of the success of the amazing leadership at Port Everglades and diverse array of companies served by our port," stated Broward County Mayor Nan Rich.
Port Everglades operates as a self-supporting enterprise fund under the Broward County government and does not rely on local property taxes. Instead, it generates revenue through fees for services such as dockage and wharfage, real estate leases, and other service fees. For Fiscal Year 2024, Port Everglades reported unaudited revenue of $215,670,165—an increase of 18% from the previous year.
The port set a new record for cruise passengers with over 4 million embarking and disembarking guests in FY2024—a rise of 39% compared to FY2023. Cruise guest parking revenue also saw a boost of 46%, supported by a new 750-space surface lot. A total of 889 ship calls contributed nearly $77 million in revenue while parking generated an additional $13.8 million. Disney Cruise Line opened its second homeport at Port Everglades this fiscal year alongside Celebrity Cruises, Princess Cruises, and Royal Caribbean International offering year-round itineraries.
Containerized cargo increased by 7% over the previous year with 1,087,112 TEUs (20-foot equivalent units) generating almost $41 million in revenue. Notably, Port Everglades improved its operational performance ranking from 89 to 65 globally according to the Container Port Performance Index (CPPI) by the World Bank and S&P Global Market Intelligence. Regionally within the United States and Canada, it climbed to No. 3 from No. 5 in last year's report while maintaining its position as No.1 in Florida. This improvement was aided by the opening of Southport Turning North Extension adding five berths and commissioning three Super Post-Panamax container gantry cranes.
Energy volumes remained stable with nearly 130 million barrels processed—equivalent to approximately 5.46 billion gallons primarily consisting of gasoline diesel jet fuel—yielding around $45 million through dock volume fees collected from privately operated petroleum terminals.