CANAVERAL HARBOR, FLORIDA Integrated Section 203 ... · PDF fileCANAVERAL HARBOR, FLORIDA ....
Transcript of CANAVERAL HARBOR, FLORIDA Integrated Section 203 ... · PDF fileCANAVERAL HARBOR, FLORIDA ....
CANAVERAL HARBOR, FLORIDA
Integrated Section 203 Navigation Study Report
&
Final Environmental Assessment
Economics Appendix(sub-part of Volume 3)
October 2012 (last revised February 2012)
ECONOMICS APPENDIX
Canaveral Harbor, Florida Integrated Section 203 Navigation Study Report &
Draft Environmental Assessment
February 2012
Canaveral Harbor, FL, Section 203 Study
Table of Contents 1 Introduction............................................................................................................................. 1
1.1 Project Location .............................................................................................................. 1
1.2 Port Description .............................................................................................................. 3
2 Existing Conditions................................................................................................................. 6
2.1 Federal Project Dimensions ............................................................................................ 6
2.2 Existing Conditions: Terminal Facilities ........................................................................ 7
2.2.1 Existing South Side Cargo Terminal Facilities ........................................................... 8
2.2.2 Existing North Side Cargo Terminal Facilities ........................................................... 9
2.2.3 Cruise Terminal Facilities ......................................................................................... 12
2.3 Socio-Economics .......................................................................................................... 13
2.4 Port Hinterland.............................................................................................................. 14
2.5 Port Canaveral Historical and Current Cruise Ship Operations .................................... 14
2.5.1 Floridas Cruise Ship Industry .................................................................................. 16
2.5.2 Port Canaverals Cruise Ship Industry...................................................................... 19
2.5.3 Port Canaveral Cruise Ship Operations .................................................................... 23
2.6 Port Canaveral Historical and Current Cargo ............................................................... 27
2.6.1 Existing Cargo Traffic Characterization................................................................... 29
2.6.2 Existing Cargo Fleet ................................................................................................. 32
2.6.3 Existing Cargo Fleet Operations and Tidal Advantage ............................................ 36
3 Without-Project Conditions .................................................................................................. 40
3.1 Navigation Features ...................................................................................................... 40
3.1.1 Canaveral Ocean Dredged Material Disposal Site (ODMDS) ................................. 40
3.1.2 Channel Conditions................................................................................................... 41
3.2 Terminal Facilities ........................................................................................................ 41
3.2.1 Cargo Terminals........................................................................................................ 41
3.2.2 Cruise Terminals ....................................................................................................... 42
3.3 Economic Conditions in the Project Hinterland ........................................................... 42
3.4 Port Canaveral Operations ............................................................................................ 44
3.4.1 Commodity Projections ............................................................................................ 44
3.4.2 Cargo Fleet Forecast ................................................................................................. 50
3.4.3 Projected Cruise Ship Operations ............................................................................. 51
Economics Appendix February 2012 Page i
Canaveral Harbor, FL, Section 203 Study
4 Problems Addressed by the Economic Analysis .................................................................. 53
4.1 Cruise Ship Size Limitations ........................................................................................ 53
4.1.1 Channel Widths ......................................................................................................... 53
4.1.2 Turning Basins .......................................................................................................... 54
4.2 Cargo Vessel Size Limitations ...................................................................................... 55
4.3 Surge Effects................................................................................................................. 58
4.4 Future Berth Congestion ............................................................................................... 59
4.5 Limitations on New Cargo and Cruise Terminals ........................................................ 59
5 Alternative Plan Evaluation .................................................................................................. 59
5.1 Detailed Alternative Plan Description .......................................................................... 60
5.1.1 Without-Project Condition Channel Description ...................................................... 60
5.1.2 Alternative With-Project Condition Channel Descriptions ...................................... 60
5.1.3 Identification of Alternative Plan Increments ........................................................... 60
5.2 Alternative Plan Costs................................................................................................... 68
5.2.1 Construction and Investment Costs .......................................................................... 68
5.2.2 Operations and Maintenance Costs........................................................................... 72
5.2.3 Total Average Annual Equivalent Costs................................................................... 73
5.3 With-Project Condition Benefits ................................................................................... 75
5.3.1 Channel Widening Benefits ...................................................................................... 76
5.3.2 Channel Deepening Benefits..................................................................................... 86
5.4 Net Benefits of Alternative Plans ................................................................................. 94
5.5 Summary of Accounts ................................................................................................... 96
5.6 Risk and Uncertainty..................................................................................................... 96
5.6.1 Commodity Forecast Uncertainty Ranking .............................................................. 97
5.6.2 Reduced Cargo Forecast and Cruise Schedule ......................................................... 98
5.6.3 Increased Cargo Forecast .......................................................................................... 98
5.6.4 Increased Seaport Canaveral Forecast ...................................................................... 99
5.6.5 Alternative Seaport Canaveral Vessel Origins ....................................................... 100
5.6.6 Alternative Cement Forecasts ................................................................................. 102
5.6.7 Alternative Slag Forecasts ...................................................................................... 105
5.6.8 Alternative Aggregate Materials Forecast .............................................................. 108
Economics Appendix February 2012 Page ii
Canaveral Harbor, FL, Section 203 Study
List of Tables Table 2-1 Port Canaveral Channel Dimensions .............................................................................. 6
Table 2-2 Port Canaveral Cargo Category by Berth ....................................................................... 8
Table 2-3 Port Canaveral Existing South Side Cargo Terminal Facilities Summary ..................... 9
Table 2-4 Seaport Canaveral (Vitol, S.A., Inc) Terminal Storage Capability .............................. 10
Table 2-5 Seaport Canaveral Vessel Type Summary February 2010 through July 2011 ............. 11
Table 2-6 Port Canaveral Existing North Side Cargo Terminal Facilities Summary ................... 11
Table 2-7 Port Canaveral Cruise Terminal Summary ................................................................... 13
Table 2-8 Projected Growth for City of Orlando 2004 - 2030 ..................................................... 14
Table 2-9 RCI Voyager, Freedom, and Oasis Class Vessel Deployment Schedules ................... 16
Table 2-10 North American Multi-Day Cruise Passengers by Selected Departure Ports (000s) 17
Table 2-11 North American Cruise Passengers By Destination (000s) ...................................... 18
Table 2-12 Port C