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

People & Company News

Glosten Promotes Lamkin to Senior Marine Consultant

Seattle-based naval architecture and marine engineering consultancy Glosten has promoted Bradley G. Lamkin, PE to Senior Marine Consultant. As a Senior Marine Consultant

TORM CFO Zacho Resigns

Mads Peter Zacho, Chief Financial Offer at TORM, has resigned to become Chief Executive Officer at J. Lauritzen A/S. Mads has been with TORM since 2013 and will

DSME Reveals Additional Self-Restructuring Plan

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has  revealed an additional self-restructuring plan amid the falling shipbuilding orders.

Ports

DP World Launches $1.2 bln Sukuk Issue to Cover Tender

Dubai-based ports operator DP World launched a seven-year $1.2 billion sukuk issue on Tuesday, a document from lead managers showed.   The issue, structured to

New Call at Port Kelang on CMA CGM’s REX 2

CMA CGM has introduced a new westbound call at Port Kelang on its REX 2 service connecting Asia with Red Sea.   CMA CGM has decided to replace its REX2 westbound Singapore call with Port Kelang.

Maersk Line Launches Latin America, Asia Service

Maersk Line announced changes to its AC network with the launch of its AC1 service, connecting the West Coast of Latin America with Asia, beginning at the end of June.

Finance

DP World Launches $1.2 bln Sukuk Issue to Cover Tender

Dubai-based ports operator DP World launched a seven-year $1.2 billion sukuk issue on Tuesday, a document from lead managers showed.   The issue, structured to

Baltic Index Falls on Weaker Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday as demand for larger vessel segments declined.

China Shipbuilding Plans Major Restructuring

State-owned China Shipbuilding Industry Corp (CSIC) is undertaking a major restructuring as it grapples with an industry downturn, and it will be the largest restructuring

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.1232 sec (8 req/sec)