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 August 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Bulk Carrier Detained; Two Crew Convicted

A Hong Kong flagged vessel was detained in Queensland following a Port State Control (PSC) inspection conducted by the Australian Maritime Safety Authority (AMSA)

Bill Promotes US LNG Vessel Transport

Congressman John Garamendi (D-CA-03), Ranking Member of the House Transportation and Infrastructure’s Coast Guard and Maritime Transportation Subcommittee, introduced H.

Citigroup Seeks British Court Backing on China Metals Claims

Citigroup Inc said on Friday it has started proceedings in commercial court in London to enforce its rights over $285 million of financing at two ports in China,

Finance

Japan Loans Petrobras $500m to Build Ship Platforms

Brazil's state-controlled oil company Petrobras signed on Friday a $500 million loan from Japan to build eight ship platforms for the oil industry, as part of the

SEACOR Holdings Announces Q2 Results

SEACOR Holdings Inc. has announced its results for its second quarter ended June 30, 2014. For the quarter ended June 30, 2014, net income attributable to SEACOR Holdings Inc.

Asia-N.Europe Container Freight Rates Jump 21%

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 21 percent to $1,455 per 20-foot container (TEU) in the week ended on Friday,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1132 sec (9 req/sec)