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Wednesday, May 18, 2011

Think Globally, Act Locally

Now South Carolina really is.

Funding is now in place to begin the post-45 deepening study for the Port of Charleston. This is the first step in the port expansion that will deepen the channel from 45 to 50 feet which will allow larger cargo ships to dock in Charleston.

The Port of Charleston study will be complete not long after the Panama Canal finishes a major expansion project in 2014. The Canal will then be able to accommodate larger cargo ships. Already the deepest Southeastern port, with its expansion, Charleston will be able to safely welcome more large cargo ships.

This expansion opens major doors for South Carolina farmers. With the global demand for soybeans on the rise in Asian and Mid East markets, farmers are planting 10% more soybeans than in 2010. This year’s crop is expected to earn $142 million, $20 million more than last year.

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