PortMiami’s 2023 economic impact tops $61 billion

PortMiami’s annual economic impact has increased significantly to $61.4 billion, up from $41.4 billion in 2016, according to a new study conducted by Martin Associates. The study also shows that the number of jobs supported by the seaport’s cruise and cargo activity has grown to 340,078 jobs from 334,500.

The study utilized the same methodology that was used to measure the seaport’s 2016 economic impacts, and measured PortMiami’s impact in terms of jobs, business revenue, consumer spending, and state and local taxes:

– $61.4 billion total economic activity, which accounts for 3.9 percent of the $1.6 trillion Gross Domestic Product (GDP) for the state of Florida.
– $2.2 billion in state and local taxes, of which $1.6 billion is attributed to Port users.
– 340,078 jobs support by port activity, including 29,423 direct local jobs.

“PortMiami is not only one of Miami-Dade County’s most important economic engines, its economic impact is also felt regionally and globally,” said Miami-Dade County Mayor Daniella Levine Cava. “This report confirms the seaport’s vital role in supporting good-paying local jobs and contributing to the growth of our community, in addition to our commitment to resilience and reducing our carbon footprint with shore power and our net zero plan.”

The economic impact analysis was based on data developed through extensive interview and telephone survey program of the seaport’s tenants and the firms providing cruise and cargo services at PortMiami. Additionally, a survey of cruise passengers and cruise vessel crew was conducted to develop passenger spending profiles pre- and post-cruise as well as the spending characteristics of the vessel crew during each port call at Miami.

“The seaport continues to play a critical role in the economic vitality of our region. We will continue to invest in our infrastructure to ensure that PortMiami remains a world class cruise and cargo port,” said Hydi Webb, Director and CEO, PortMiami. “I want to thank all the seaport’s partners for their unrelenting support. Our continued growth and success are a result of strong collaborations.”

PortMiami is recognized as the Cruise Capital of the World and Cargo Gateway of the Americas. The seaport operates as a landlord port and partners with 23 cruise line companies, including Carnival Corporation, Royal Caribbean Group, MSC Cruises, Norwegian Cruise Line, and Virgin Voyages; and three cargo terminal operators including Port of Miami Terminal Operating Company, Seaboard Marine, and South Florida Container Terminal.

Photo story: We are back from the Queen Anne!

We are back from the Queen Anne! Less than week ago we spent a night onboard Cunard's new 113,000-gross-ton and 2,996-guest Queen Anne -- the first newbuild for the line in 14 years. The Fincantieri-built ship joined the fleet, which include also Queen Mary 2, Queen Victoria and Queen Elizabeth. Here are some images from our visit taken on May 1, just two days before the maiden voyage. @cunard #cunard #queenanne

Queen Anne 3-deck atrium, the lowest level, Deck 2

Queen Anne atrium, photographed from Deck 3

Princess Grill Suite

Commodore Club

Cunard takes delivery of Queen Anne

She’s the next in a fine line for Cunard and today (19 April), Queen Anne officially joined the cruise line’s iconic fleet during an historic handover ceremony in Italy in the presence of Italian Minister of Enterprises and Made in Italy, Adolfo Urso, and Italian Minister for Relations with Parliament, Luca Ciriani.

Cunard took ownership of their stunning 3,000-guest ship during a traditional handover ceremony at the Fincantieri Marghera shipyard in Venice – where master shipbuilders have been constructing the luxurious vessel.

The event was attended by Katie McAlister, President of Cunard; Pierroberto Folgiero, CEO and Managing Director of Fincantieri; and Luigi Matarazzo, General Manager of the Fincantieri Merchant Ships Division.

Queen Anne, the 249th ship to sail under the Cunard flag – and the third built by Fincantieri – will now set sail for Southampton ahead of her 7-night maiden voyage to Lisbon on 3 May. She will arrive in her homeport on 27 April.

As the newest addition to the Cunard fleet, Queen Anne’s design concepts have been founded on heritage, craftmanship, style, storytelling, and innovation, and the 114,000-gross-ton ship, which spans 14 decks, will offer travellers several breath-taking experiences, and more choices of entertainment, dining, and bars than ever before.

Cunard has previously announced a series of partnerships for Queen Anne, including Le Gavroche at Sea residencies hosted by two Michelin-starred chef Michel Roux, wellness packages curated by Harper’s Bazaar UK’s beauty experts and exclusive British Film Institute screenings in The Pavilion.

It will also boast the widest selection of fitness, beauty, thermal and spa facilities so far seen on a Cunard ship, with her reimagined Mareel Wellness & Beauty proposition heralding a new era of wellbeing at sea.

Katie McAlister, President of Cunard, said: “We are so excited to welcome Queen Anne to our fleet as she completes a remarkable quartet alongside Queen Mary 2, Queen Elizabeth, and Queen Victoria – marking the first time since 1999 that Cunard will have four ships in simultaneous service. We are now fully focused on readying her to welcome guests for her maiden voyage on 3 May before she embarks on an historic British Isles Festival Voyage, including a momentous Naming Ceremony in Cunard’s spiritual home of Liverpool on 3 June.”

Pierroberto Folgiero, CEO and Managing Director of Fincantieri, added: “We are very pleased and eager to deliver Queen Anne to Cunard, a pioneering figure in luxury sea travel, renowned for setting new standards in oceanic voyages for over 180 years. This beautiful and iconic ship testifies the longstanding partnership between our two companies, underscoring our shared commitment to excellence and tradition in the maritime industry. Queen Anne, as Queen Victoria and Queen Elizabeth, the other two ships we built for Cunard, proudly bear Fincantieri's signature, embodying our enduring expertise, reliability, and craftsmanship in shipbuilding. Constructing a liner for such a distinguished shipowner not only reconnects us to our origins but propels us towards the future with a determination to blend tradition and innovation. Fincantieri thus confirms its leadership in the cruise shipbuilding sector, a fundamental pillar of our Business Plan.”