GPA Announces New Appointments, Financial Growth

Tuesday, June 28, 2011

The Board of Directors of the Georgia Ports Authority (GPA) has re-elected Alec L. Poitevint, II, of Bainbridge to serve a second term as Chairman of the Board. Other Board members elected to one-year offices were Robert S. Jepson, Jr. of Savannah as Vice Chairman and Roy H. Fickling of Macon as Secretary and Treasurer.

The GPA also announced overall tonnage for the Ports of Savannah and Brunswick reached the second highest monthly volume ever in May with 2,352,302 tons, which was a 16.7 percent increase compared with May 2010.

“While the global economy continues its modest and fragile recovery, the GPA reported increases in all category groups,” said GPA’s Executive Director Curtis J. Foltz. “We anticipate a strong end to the fiscal year, reflecting record volumes and container throughput approaching 12 percent growth.”

Container volume remained strong with container traffic up 10.1 percent in May, handling 143,447 units or 254,329 TEUs (twenty-foot equivalent units). Loaded exports increased 16.7 percent compared with May 2010.

“Carriers are repositioning empty containers into Savannah to support our robust export growth,” said Foltz. “Export volumes remain our dominant direction, outpacing imports 54 percent to 46 percent.”

Ocean Terminal’s breakbulk cargo was up 45.7 percent in May 2011 with 106,782 tons and a fiscal-year-to-date volume of 1,004,563, which is an FYTD increase of 36.5 percent. This growth was due to growth in import/export machinery, export wood pulp and export automobiles, as well as global demand for iron/steel, lumber and machinery.

Colonel’s Island Terminal in Brunswick handled 43,843 auto and machinery units in May, which yielded a 21.8-percent increase compared with May 2010 and the Authority’s highest monthly volume ever. Roll-on/roll-off volume at the facility has increased 43.6 percent for the fiscal year (July 1, 2011 through June 30, 2012).

“Global demand for Georgia’s products has been essential in helping our state weather the economic recession and will be critical in our region’s growth,” said Poitevint. “Our balanced export-to-import ratio promotes efficiency and has helped to drive economic recovery throughout the state of Georgia and the entire Southeast.”

Georgia’s deepwater ports and inland barge terminals support more than 295,000 jobs throughout the state annually and contribute $15.5 billion in income, $61.7 billion in revenue and $2.6 billion in state and local taxes to Georgia’s economy. The Port of Savannah handled 8.6 percent of the U.S. containerized cargo volume and 12.4 percent of all U.S. containerized exports in 2010.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

No Clues on Hanjin's Financial Health

Cash-strapped Hanjin Shipping Co. sources say that the negotiations with tonnage providers for lower rates are undergoing, but wouldn't say much else.   According to Korea Herald, the country's No.

DP World's H1 Volumes Rise

Ports operator DP World reported on Tuesday first-half 2016 gross container volumes up 1.2 percent on a like-for-like basis and up 2.5 percent on a reported basis.

Samil PwC Okays Hyundai's Management Improvement Plan

Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement

Ports

Panama Canal: Assessing the Risk & Reward

The Panama Canal’s impact on shipping routes and vessel sizes since it opened in 1914 is undisputed. This will continue with the opening of a third channel for larger vessels in 2016.

Drones: Is the Maritime Industry Ready?

Unmanned aerial systems (UAS), or “drones” in common parlance, are not a part of the historical maritime vocabulary. At least not yet. While the term “drones” may conjure images from science fiction,

Guzmán Re-elected Harbor Commission President, Long Beach Port

Harbor Commission President Lori Ann Guzmán was re-elected Monday evening to serve a second one-year term leading the board that oversees the Port of Long Beach, the nation’s second-busiest seaport.

Finance

Baltic Index Down as Rates for Large Vessels Stay Weak

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday on weaker rates for larger vessels and supramaxes.

Summer Cruise to North Sea Oil Rigs Amazes Tourists

Bored with palm-fringed beaches and turquoise seas? Then the gigantic oil platforms of the North Sea beckon. The first ever "rig-spotting" cruise just ended off the coast of Norway,

No Clues on Hanjin's Financial Health

Cash-strapped Hanjin Shipping Co. sources say that the negotiations with tonnage providers for lower rates are undergoing, but wouldn't say much else.   According to Korea Herald, the country's No.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Salvage Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1125 sec (9 req/sec)