Port Canaveral, Florida is celebrating the start of construction of a new cruise terminal with a scheduled completion date of July 2012.  The new terminal should be large enough to handle any cruise ship in the world, including Royal Caribbean's behemoth Genesis class ships such as Oasis and Allure of the Seas.

Port Canaveral Port Authority Chief Executive Officer J. Stanley Payne says the new Terminal 6 dock will be large enough to accommodate "the absolute largest cruise ships in the world," including Royal Caribbean's 6,200-passenger, Genesis-class ships.

Currently Royal Caribbean's Freedom of the Seas is home ported in Port Canaveral, which was the largest passenger ship ever built (by gross tonnage) from 2006 until construction of Oasis of the Seas, so large ships are something Port Canaveral can handle.

Cruise passenger traffic is up for Royal Caribbean at Port Canaveral, Florida.  The amount of passengers for Royal Caribbean's ships based out of Port Canaveral is up 1 percent for the year at nearly 360,000.

This figure is slightly skewed when you consider the fact that Royal Caribbean ships have made nine more voyages out of the port so far this year.  Royal Caribbean has matched competitor Carnival Cruise Lines in replacing smaller ships with larger ones at Port Canaveral during the past two years.

Royal Caribbean currently home ports Freedom of the Seas and Monarch of the Seas out of Port Canaveral for year round trips. 

Port officials also report total cruise revenue is up year to date about 19 percent.

A message on Royal Caribbean's website is warning those scheduled to sail on Monarch of the Seas on July 8th that the anticipated launch of the last space shuttle flight on the same day is expected to create major traffic delays.

Royal Caribbean is recommending its passengers provide ample time to get to the port prior to the 4:30pm departure time.

Furthermore, Royal Caribbean warned it would not delay the departure of Monarch of the Seas due to traffic congestion.  If you're scheduled to be on this cruise, it would be wise to arrive many hours before the required time.

Monarch of the Seas is scheduled to sail out of Cape Canaveral, Florida, on Friday, July 8. The final space shuttle launch is also scheduled for Friday, July 8. Port Canaveral historically experiences heavy traffic volume before and after the shuttle launch. Since the shuttle launch on July 8 is the last launch, the Port is expecting extremely heavy traffic in the area.

We ask that guests who are scheduled to sail on Monarch of the Seas on July 8, provide ample time to arrive at the port for boarding. The ship's 4:30 p.m. departure will not be delayed due to the launch traffic. As a reminder, all guests must be checked in and onboard the ship 60 minutes prior to sail time.

Port Canaveral, Florida officials released on Wednesday a healthy 2011 year budget proposal that's nearly 22 percent bigger than the 2010 plan. Thanks to expected larger-capacity cruise ships, such as Freedom of the Seas as well as cargo shipping, revenues from those two sectors are forecast to increase more than 23 percent, from the current $39 million to $48 million in 2011.

Port officials will vote on the 2011 budget plan in September and Port Canaveral's chief executive officer expects an even better budget picture in 2012.

Port Canaveral has been raking in the money despite other municipalities seek ways to shore up budget gaps. How does Port Canaveral do it? The port's revenues come mostly through lease arrangements with tenants, ship tariffs and other business dealings.

"It's amazing how well these numbers look," said Tom Goodson, chairman of the port commission, "because the real world is nothing like this."

Earlier this month Port Canaveral CEO J. Stanley Payne said that he wanted to add a brand new multimillion dollar cruise terminal to Port Canaveral.  Port Canaveral is home to Freedom of the Seas as well as Monarch of the Seas.

Port Canaveral CEO J. Stanley Payne wants to add a brand new multimillion dollar cruise terminal to Port Canaveral, Florida to help stimulate the growth of the cruise ship industry in the popular port.  

Royal Caribbean already home ports a few of their ships at Port Canaveral, including Freedom of the Seas and Monarch of the Seas.  

Payne believes that while no tenant is specifically interested in the terminal right now, by building a new terminal, it will catch the attention of the cruise industry and generate interest in adding ships here.  "Once cruise lines start seeing you as a port that can't grow, then you have a problem," Payne said.  Payne also pointed out the fact that Jacksonville and Miami are building or upgrading terminal spaces in their ports.

A new cruise terminal could cost between $40 million to $75 million, depending on the amenities port officials decide to include in the terminal. Port Canaveral's existing three terminals for cruise passengers handles the six ships.  The newest port is terminal number 8 and was built specifically for Disney in 1996, with a nearly complete new $22 million upgrade for the terminal that is needed for its two new ships that will call Port Canaveral home in 2011 and 2012.

The cruise industry is the port's No. 1 revenue generator and it has been responsible for millions of dollars in new investments in Brevard County. A study released earlier this year by Lancaster, Pa.-based Martin Associates, which specializes in analyzing the operations of ports throughout the world, said the port helps generate $1.1 billion in revenue across all of its businesses, and $48 million in state and local taxes.