Georgia’s Ports Report Growth

Tuesday, September 25, 2007
Doug J. Marchand, Executive Director of the Georgia Ports Authority (GPA), released tonnage and volume reports reflecting a strong start to fiscal year 2008 during a meeting of its board of directors. He cited tonnage growth of 26.9 percent, or 2.1 million tons in August, and a 26.7 percent growth in July, for a total increase of 910,00 tons. Port of Savannah handled 236,020 Twenty-foot Equivalent Unit containers (TEUs) for August, a 30.1-percent increase and a combined 467,711 TEUs for the first two months of the fiscal year. The Authority reported 28.5-percent increase in TEUs for the fiscal year to date. Marchand also indicated the Authority would bring an additional 14 Rubber Tire Gantry Cranes on-line in FY08, four ship-to-shore cranes in early 2008 and by late 2009 another four cranes at the Garden City Terminal. In addition, Marchand said the $100 plus million capital improvement plan for FY08 includes considerable infrastructure improvements, new technology upgrades and $12m to complete Phase 1 of the Chatham Yard ICTF. The Authority reported 23.3 percent growth in bulk cargo for August and a 44 percent increase, or 143,376 additional tons, in the first two months of the fiscal year. The total gain in bulk cargo was the result of strong volumes of bio-diesel products and sand in Savannah, gypsum, perlite and urea at Marine Port Terminal in Brunswick and barley, malt, and peanut hulls at Colonel’s Island. The Authority approved $3.85m in funding to provide utilities and roadway access on the South Side of Colonel’s Island to support further expansion. The Authority approved $2m for the initial engineering and environmental services necessary to expedite the completion of the Jimmy DeLoach Connector, a direct truck corridor into Savannah’s Garden City Terminal. Georgia’s deepwater ports and inland barge terminals support more than 286,476 jobs throughout the state annually and contribute $14.9b in income, $55.8b in revenue and $2.8b in state and local taxes to Georgia’s bustling economy.
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Two New Hybrid RTGs for Port of Shanghai

Corvus Energy informs it will provide the battery systems for an additional two hybrid solutions for new rubber-tired gantry cranes (RTGs) that will be produced

Puget Sound Reports Container Volume Growth

Less congestion and efficient cargo movement helped international container volumes through the Puget Sound gateway improve 14 percent in June compared to June 2014, the port reported.

Redesigned LaGuardia Airport to Include Ferry Terminal

The Port Authority of New York and New Jersey and Delta Air Lines are set to overhaul New York’s notoriously outdated and publically criticized LaGuardia Airport,

Finance

Major Ivorian Cocoa Buyers Boycott Local Exporters Scheme

Major cocoa buyers are boycotting a scheme in Ivory Coast aimed at guaranteeing local firms a share of the lucrative export market, arguing that these players lack

Matson Pumps $30 Million into Alaska Operations

Ocean cargo shipper Matson, Inc. said it is moving quickly to fund improvements in its new Alaska operations following its May 29 acquisition of Horizon Lines' Alaska services.

General Dynamics Tops Q2 Estimates

General Dynamics Corp, a maker of ships, tanks and business jets, reported higher-than-expected quarterly earnings and revenues on Wednesday, and sharply raised its outlook for full-year profit.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
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: 0.1810 sec (6 req/sec)