Maersk Line, Georgia Port Authority Sign Agreement

Thursday, July 13, 2006
Georgia Ports Authority (GPA) on July 13 announced the signing of a major new agreement between Maersk Line and the GPA. The recent opening of Phase One of Savannah’s newest container berth, CB8, the ongoing increases to container storage areas and other equipment additions are part of the Port of Savannah’s 10 year, $700m improvement plan to boost container capacity. The 20-year agreement between Maersk Line and the GPA includes a 10-year renewal option. Georgia’s deepwater ports and inland barge terminals support more than 275,968 jobs throughout the state annually and contribute $10.8b in income, $35.4b in revenue and some $1.4b in state and local taxes to Georgia’s economy.

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