Georgia ports volumes hit by higher costs, softer market
The Georgia Ports Authority said higher operating costs and a softer market were reflected in the latest container figures for the Port of Savannah.
The Georgia Ports Authority said higher operating costs and a softer market were reflected in the latest container figures for the Port of Savannah.
The Port of Savannah saw record container traffic for the month of April, the third straight record month for the Georgia gateway.
Georgia’s Port of Brunswick saw vehicle volumes surge on expansion projects and diversions from the Port of Baltimore.
Overall volume helped maritime terminals of the Georgia Ports Authority to their second-busiest September on record.
The Georgia Ports Authority is positioning the Port of Brunswick to be the leading ro/ro gateway on the U.S. East Coast, investing millions in expansion and harbor upgrades.
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Georgia Ports Authority said it handled 428,000 containers and 65,400 roll-on, roll-off units in January.
The Georgia Ports Authority last month handled 464,883 twenty-foot equivalent units, a decline of 6.2% from the 494,699 TEUs moved in November 2021.
GPA will shift breakbulk cargo carried by Wallenius Wilhelmsen Ocean to the Port of Brunswick so that it can “optimize cargo movement” at both the ports at Brunswick and Savannah.
Nicole is forecast to move through Florida to Georgia on Thursday and then to the Carolinas on Friday.
The Georgia Ports Authority’s board on Tuesday agreed to spend $60 million on further development at the Colonel’s Island Terminal.
The sustained year-over-year gains propel the Georgia Ports Authority to expedite more than $538 million in funding for projects aimed at increasing capacity at the Port of Savannah.
A $150 million project at the Port of Brunswick will increase annual capacity to 1.4 million vehicles.
“The NTSB determined the probable cause of the capsizing of the Golden Ray was the chief officer’s error entering ballast quantities into the stability calculation program.”
The project continues the region’s hot streak in attracting logistics development.
A mid-May blaze inside the roll-on/roll-off vessel was just the latest incident that halted removal of the Golden Ray, which capsized in September 2019.
“Demand for products and services both domestically and abroad is driving significant gains in Georgia’s cargo volumes,” says Executive Director Griff Lynch.
The capsized roll-on/roll-off vessel has been on its side near Georgia’s Port of Brunswick since early September 2019.
“As we continue to recover from the COVID-19 pandemic, now is the time to accelerate our throughput and growth,” says Pennsylvania Gov. Tom Wolf.
No end date is in sight as the wreckage removal proceeds nearly 16 months after the roll-on/roll-off vessel capsized off the coast of Georgia.