Broward County has approved a new 10-year marine terminal lease and operating agreement with Everglades Company Terminal, Inc., a subsidiary of Mediterranean Shipping Company (MSC). Effective through 2034, the deal includes two optional five-year extensions and covers 39.2 acres in Port Everglades’ south cargo area.
The lease replaces MSC’s prior agreement, in place since 2004, and maintains Port Everglades Terminal, LLC as the terminal operator. “This agreement strengthens our role as a vital global gateway for trade,” said Port CEO Joseph Morris.
The operation is expected to generate more than $161 million in annual business service revenue and support 425 jobs, with an estimated $10.5 million in state and local taxes projected in the first year alone, based on 85,000 container moves. Those figures are anticipated to grow over time.
The deal also transfers several permanent terminal upgrades to Port Everglades, including an office building, refrigerated container racks for 450 reefers, crane pads, and shore power infrastructure for 116 refrigerated containers. These assets are not being abandoned; rather, they remain in active use under the new lease terms and will become port-owned infrastructure.
Port Everglades, a key cargo hub linking the U.S. to Latin America, the Caribbean, Europe, and Asia, handles over one million TEUs annually. It is also one of the nation’s busiest cruise ports, welcoming over four million passengers in fiscal year 2024 – a 39% year-over-year increase. Overall, the port supports more than $26.5 billion in economic activity and nearly 193,000 jobs statewide
