Port Everglades

What Port Everglades does

Port Everglades is a self-supporting Enterprise Fund of Broward County, Florida, operating a multi-modal deepwater seaport in Fort Lauderdale that generates $48.3 billion in annual economic activity and supports 295,166 jobs statewide per the FY2025 Martin Associates study. The port runs three integrated business lines: cruise operations, where it ranks as the third-busiest cruise homeport in the world with 4.77 million FY2025 passengers across 40+ ships from 9 cruise lines; containerized cargo operations, which moved a record 1,167,552 TEUs in FY2025 via terminal operators PET/TiL, ECT/MSC, Florida International Terminal, and King Ocean Services; and petroleum and energy distribution, moving 131,855,261 barrels in FY2025 to supply 12 Florida counties and 5 international airports including MIA and FLL. Underlying technology includes six Super Post-Panamax gantry cranes (175-foot height, 22-container reach, 8-high stacking), a 43-acre near-dock Florida East Coast Railway intermodal facility with 72-hour reach to 70% of the U.S. population, the first LNG shore-to-ship bunkering capability in South Florida (operational March 2026), and planned shore power delivering up to 16 MW per cruise terminal.

The business model is a regulated user-fee port authority generating revenue from dockage, wharfage, storage, and passenger charges under a published tariff. Commercial relationships are structured as long-term marine terminal lease and operating agreements (10-15+ year tenors) with terminal operators and cruise lines, including Disney Cruise Line (15-year), Royal Caribbean Group (through 2030), MSC/ECT (through 2034), and King Ocean (through 2035). GTM is enterprise field sales to ocean carriers, cruise operators, and energy distributors, supplemented by event-driven outreach at maritime and logistics conferences. Additional revenue streams include Foreign-Trade Zone No. 25 services ($4.3B in merchandise received, $4.3B in exports, Top 25 nationally) and the newly launched LNG bunkering service. The port does not rely on local tax dollars and is governed by the Broward County Board of County Commissioners; CEO and Port Director Joseph Morris was confirmed in June 2024. A $3B+ Master/Vision Plan, including a $471M Southport Turning Notch Extension (completed 2024) and a $152.2M bulkhead replacement (begun September 2025), underpins a multi-year capacity expansion program.

Name

Port Everglades

Legal name

Port Everglades

Website

https://porteverglades.net

Company type

Public

Founded year

1928

Operating status

Operating

Headcount range

251–500 employees

Short description

Port Everglades is a self-supporting Broward County seaport operating cruise, container cargo, and petroleum distribution businesses — the world's third-busiest cruise homeport and Florida's largest petroleum port, serving ocean carriers, cruise lines, and energy distributors via long-term terminal lease and berth agreements.

Ownership category

akta.pro rank

Product category

Maritime Port Services

NAICS

Port and Harbor Operations (488310), Marine Cargo Handling (48832)

SIC

Water Transportation (4400)

akta.pro primary industry

Ferry Terminal, Port & Passenger Handling Services (THAEAGAJ)

akta.pro secondary industries

Marine Terminals & Cargo Handling Infrastructure (RoRo, Bulk, Container) (IMAFAJAF), Marine/Port-Connected Pipeline Terminals (Dock/Jetty Tank Farms) (TLAGAKAL)

Keywords

• Maritime port operations
• Cruise terminal services
• Container cargo handling
• Petroleum distribution services
• Foreign trade zone

Headquarters

HQ city

Fort Lauderdale

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Cruise Terminal and Dockage Fees: Revenue from cruise lines for terminal usage, dockage, wharfage, and passenger fees. Cruise operations host 40+ ships from 9 cruise lines plus a daily ferry. Port generated record cruise guest volumes of 4.77 million in FY2025.
2. Container Cargo Handling: Revenue from containerized cargo operations including wharfage, dockage, and storage fees. Port handled 1,167,552 TEUs in FY2025, a new record. Major customers include MSC, King Ocean, ECT, Florida International Terminal, Ocean Network Express.
3. Petroleum and Energy Products: Revenue from handling petroleum products. Port is Florida's No. 1 petroleum port, moving 131,855,261 barrels in FY2025, supplying 12 counties and five international airports. Also handles alternative fuels including LNG.
4. Foreign-Trade Zone No. 25 Services: FTZ No. 25 serves as both grantee and operator, offering CBP representation services and facilitating duty deferral for importers/exporters. Handles over $4.3 billion in merchandise received and $4.3 billion in exports, ranked No. 25 nationally in merchandise received.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Port Everglades is a multi-modal seaport operating three core business lines: cruise terminal services (third-busiest cruise homeport in the world with 4.77 million guests in FY2025), containerized cargo handling (over 1.16 million TEUs in FY2025), and petroleum/energy product distribution (Florida's No. 1 petroleum port, moving 131.8 million barrels annually). The port also administers Foreign-Trade Zone No. 25 and operates deepwater berths, Super Post-Panamax cranes, and intermodal rail connectivity serving ocean carriers, cruise lines, energy companies, and importers/exporters.

Product overview

Port Everglades is a multi-modal seaport operating three core business lines: cruise operations, cargo handling, and energy/petroleum distribution. As a self-supporting enterprise fund of Broward County government, the port does not rely on local tax dollars for operations. Cruise operations serve as one of the world's top three busiest cruise homeports, offering dedicated terminals for major cruise lines. Cargo operations handle containerized and general cargo through Southport terminal facilities with intermodal rail connections. Energy operations position the port as Florida's primary petroleum hub, distributing fuel to 12 counties and multiple airports. Additional services include Foreign-Trade Zone No. 25 for international trade facilitation, LNG bunkering capabilities, and planned shore power infrastructure for cruise vessels.

Differentiator

Problem solved

Functional benefit

Products and services

• Cruise Operations Cruise terminal facilities and homeport services, serving as one of the top three busiest cruise homeports in the world. Handles passenger embarkation, disembarkation, and provides dedicated terminals for major cruise lines including Disney Cruise Line, Royal Caribbean, Celebrity, Holland America, Princess, Silversea, Viking, Crystal, and Ritz-Carlton Yacht Collection. Record 4.77 million cruise guests handled in FY2025.
• Container Cargo Operations Containerized cargo handling and general cargo operations at the Southport terminal area. Port handles over 1 million TEUs annually and serves as a gateway to Latin America, Caribbean, Europe, and Asia. Services include container handling, refrigerated cargo, and intermodal connections via Florida East Coast Railway's near-dock 43-acre Intermodal Container Transfer Facility. Major customers include MSC, King Ocean, ECT, Florida International Terminal, and Ocean Network Express.
• Energy/Petroleum Operations Petroleum product handling and distribution serving as Florida's No. 1 petroleum port. Handles gasoline, diesel, jet fuel, and alternative fuels. Supplies 12 counties and five international airports, including being the sole source of pipeline-supplied jet fuel to Miami International Airport (MIA) and Fort Lauderdale-Hollywood International Airport (FLL). 131.8 million barrels moved in FY2025.
• Foreign-Trade Zone No. 25 Foreign-Trade Zone sponsored by Broward County and administered by Port Everglades, allowing goods to be admitted without formal U.S. Customs entry or immediate duty payment. Port Everglades serves as both grantee and operator, offering CBP representation services directly to businesses. Ranked Top 25 nationally in merchandise received and Top 10 in export activity. Supports 314 jobs and facilitates over $4.3 billion in merchandise received and exports annually.
• LNG Bunkering Services Liquefied natural gas (LNG) shore-to-ship bunkering operations enabling vessels to receive LNG fuel while docked. First-ever LNG bunkering operation completed March 2026 for Ritz-Carlton Yacht Collection vessel Ilma, positioning the port as a pioneer in expanding LNG marine fuel solutions in South Florida.
• Super Post-Panamax Container Gantry Cranes Six Super Post-Panamax container gantry cranes, each 175-foot (53-meter) high, capable of handling containers stacked eight high from a ship's deck and reaching 22 containers across. Each crane valued at approximately $15.1 million. Used for containerized cargo operations serving ocean carriers.
• Southport Container Terminal Primary containerized cargo handling area featuring Super Post-Panamax gantry cranes, extended berth space (2,400 feet), and intermodal rail connections. Handles operations for terminal operators including Port Everglades Terminal LLC (PET), Everglades Company Terminal (ECT), Florida International Terminal (FIT), and King Ocean Services.

Quantifiable outcome

• 4,773,873 cruise guests in FY2025, a 16% year-over-year increase and new port record
• +5 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

14 partnerships are on record, tiered core, flagship and minor.

• U.S. Coast Guard Sector MiamicoreOthers · 8 May 2026U.S. Coast Guard Sector Miami provided inter-agency coordination and safety oversight for the first-ever LNG shore-to-ship bunkering operation at Port Everglades in March 2026.
• Broward Sheriff's OfficecoreOthers · 8 May 2026Broward Sheriff's Office provided inter-agency safety oversight and planning for the first-ever LNG shore-to-ship bunkering operation at Port Everglades in March 2026.
• Sawgrass LNG & PowercoreStrategic or Co-development Partner · 26 March 2026Sawgrass LNG & Power completed the first-ever LNG shore-to-ship bunkering operation at Port Everglades on March 26, 2026, fueling the Ritz-Carlton Yacht Collection vessel Ilma. The milestone operation required coordination with U.S. Coast Guard Sector Miami, Broward Sheriff's Office, and REV. This partnership positions Port Everglades as a pioneer in expanding LNG as a marine fuel solution in South Florida for cruise and cargo customers, leveraging Sawgrass's domestically sourced LNG backed by integrated logistics and operational expertise.
• U.S. Customs and Border Protection (CBP)coreStrategic or Co-development Partner · 23 December 2025Foreign-Trade Zone No. 25, administered by Port Everglades, operates under CBP oversight. As a unique distinction, FTZ No. 25 serves as both grantee and operator, offering CBP representation services directly to businesses navigating compliance requirements and streamlining interactions with federal partners.
• King Ocean ServicescoreStrategic or Co-development Partner · 13 October 2025King Ocean Services (Cayman Islands) extended its Marine Terminal Lease and Operating Agreement through September 2035, exercising both five-year option terms. Operating at Port Everglades since 1994, King Ocean plays a critical role in South Florida-Caribbean/Central America/South America trade. Operations projected to support nearly 1,900 jobs annually, generate $173 million in personal income, and contribute $17 million in state/local taxes. Expanding to 57.8 acres including a new 40.9-acre facility at the Southport Turning Notch Extension.
• Everglades Company Terminal (ECT)flagshipStrategic or Co-development Partner · 21 May 2025ECT, a subsidiary of MSC, signed a new 10-year Marine Terminal Lease and Operating Agreement through December 31, 2034, with two optional five-year extensions. ECT operates 39.18 acres in Southport cargo area via Port Everglades Terminal LLC (PET). Operations expected to generate over $161 million in annual business service revenue, support 425 direct jobs, and contribute $10.5 million in state/local taxes in year one.
• Royal Caribbean GroupflagshipStrategic or Co-development Partner · 11 October 2024Royal Caribbean Group extended its passenger terminal and berth user agreement through September 2030, with a second option term for an additional five years. The agreement covers Royal Caribbean International, Celebrity Cruises, and Silversea. Projected to generate $581.9 million in annual business revenue, at least 1.3 million guests annually, 355 vessel calls per year, and 4,095 regional jobs (including 1,829 direct local jobs). Port is also exploring facility upgrades for Cruise Terminal 29.
• Disney Cruise LineflagshipStrategic or Co-development Partner · 13 November 2023Disney Cruise Line opened a dedicated cruise terminal at Port Everglades in November 2023 under a 15-year agreement with a minimum of 10.6 million passenger movements and three 5-year extension options potentially adding 11.25 million more. Disney committed to one year-round ship (Disney Dream) joined by a seasonal ship (Disney Magic in 2024). The partnership supports an estimated 1,111 direct local jobs generating $31.6 million in wages and $12.3 million in state/local taxes over the 15-year term.
• Florida Power & Light (FPL)coreStrategic or Co-development Partner · 9 November 2023FPL partnered with Port Everglades and cruise lines on the shore power feasibility study for eight cruise terminals. FPL will provide supply and distribution system upgrades as part of the approximately $160 million shore power project (roughly $20 million per terminal). FPL's infrastructure investment supports the port's sustainability initiatives.
• Moffatt & NicholminorImplementation/ SI/ Consulting Partner · 9 November 2023Global infrastructure advisory firm Moffatt & Nichol performed the shore power feasibility study for Port Everglades' eight cruise terminals, in cooperation with FPL, Carnival Corporation, Disney Cruise Line, and Royal Caribbean Group. The study recommended delivering up to 16 megawatts of electricity simultaneously per terminal per IEC/IEEE 80005 standards.
• Carnival CorporationcoreStrategic or Co-development Partner · 9 November 2023Carnival Corporation participated in the shore power feasibility study alongside Disney Cruise Line and Royal Caribbean Group, collaborating with Port Everglades, Moffatt & Nichol, and FPL on the infrastructure planning for cruise terminal electrification.
• REV (LNG Infrastructure Provider)coreStrategic or Co-development Partner · 9 November 2023REV provided coordination and infrastructure support for the first-ever LNG shore-to-ship bunkering operation at Port Everglades in March 2026, working alongside U.S. Coast Guard Sector Miami, Broward Sheriff's Office, and Sawgrass LNG & Power.
• Ocean Network Express (ONE)coreStrategic or Co-development Partner · 25 August 2023ONE selected Port Everglades as the U.S. port of call for its new FLX service launching September 2023, handled by Florida International Terminal (FIT). The FLX service connects Port Everglades to Callao and Paita (Peru) and Guayaquil (Ecuador), bringing refrigerated fruits, vegetables, and seafood from South American farms to South Florida. ONE deployed four vessels for schedule stability on the service.
• Port Everglades Terminal LLC (PET) / Terminal Investment Limited (TiL)flagshipStrategic or Co-development Partner · 4 August 2023PET, managed by Terminal Investment Limited (TiL), underwent a remarkable transformation at Port Everglades. The Santana service was relocated from Miami to PET, and MSC committed to expanding its presence. PET's upgraded infrastructure handles larger vessels and higher cargo volumes, with improvements including new berths, cranes, warehouses, and refrigerated cargo facilities. PET and TiL's investment has been instrumental in improving terminal efficiency.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• PortMiami: PortMiami is the #1 cruise homeport in the world and a major container/cargo port, directly competing with Port Everglades for cruise line commitments, Latin America/Caribbean trade, and petroleum distribution across overlapping South Florida customer bases.
• JAXPORT (Port of Jacksonville): JAXPORT is a multi-modal Florida seaport handling containers, cruise, and bulk/auto cargo. It competes with Port Everglades for Caribbean/Latin America container trade and was identified as the top-performing Florida port in the 2022 World Bank CPPI ranking.
• Port Canaveral: Port Canaveral is the #2 cruise homeport globally and competes directly with Port Everglades for the same major cruise line homeport decisions (Carnival, Disney, Royal Caribbean), with overlapping Caribbean itinerary offerings and Florida-based customer reach.
• Port Tampa Bay: Port Tampa Bay is a multi-modal Florida port handling cruise, container cargo, and petroleum/bulk, competing with Port Everglades for cruise deployments and regional cargo share across overlapping Florida customer and trade-lane markets.

Broad incumbents

• Port of New York and New Jersey: Port NY/NJ is the largest U.S. East Coast container port and a bi-state government authority. Comparable to Port Everglades as a public port authority with diversified cargo, cruise, and real estate revenue streams plus multi-billion-dollar capital programs.
• Port of Long Beach: Port of Long Beach is one of the largest U.S. container ports and a publicly operated authority. It is comparable to Port Everglades as a government-run port authority with major crane infrastructure, intermodal connectivity, and large long-term capital programs.
• Port of Los Angeles: Port of Los Angeles is the largest U.S. container port and a publicly operated authority. Comparable to Port Everglades as a government-operated seaport with similar Super Post-Panamax crane infrastructure, lease-based revenue model, and intermodal rail investments.
• Port of Houston Authority: Port Houston is the largest U.S. port by tonnage and a publicly operated multi-modal authority handling containers, petroleum, and breakbulk. It is comparable to Port Everglades as a diversified, government-operated seaport authority with major capex programs and energy/cargo mix.
• Georgia Ports Authority (Port of Savannah): Georgia Ports Authority operates the Port of Savannah, the fourth-largest U.S. container port and a state authority. Comparable to Port Everglades as a publicly operated seaport with strong intermodal rail, on-dock yard, and large-vessel terminal operations targeting similar shipper customers.

Emerging players

• Virginia Port Authority (Port of Virginia): The Port of Virginia is a state-operated authority handling containers and breakbulk on the U.S. East Coast. Comparable to Port Everglades as a public seaport authority competing for the same East Coast/Latin America container trade and investing in deepwater and rail capacity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/PortEverglades
• Facebookfacebook.com/port.everglades
• LinkedInlinkedin.com/company/port-everglades

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Port Everglades