GPA Posts Double-Digit Increases for 2011

(Press Release)
Monday, July 25, 2011

Georgia Ports Authority’s (GPA) Executive Director Curtis J. Foltz announced that the GPA handled more than 2.9 million TEUs (Twenty-foot Equivalent Unit containers) at the Port of Savannah, more than 465,000 automobiles and machinery units at the Port of Brunswick and nearly 2.2 million breakbulk tons for all terminals in fiscal year 2011 (July 1, 2010 – June 30, 2011).
“The Georgia Ports Authority’s double-digit growth is significant for our state in a recovering economy because it creates additional jobs,” said Georgia Gov. Nathan Deal. “Our strong logistics and transportation network in Georgia — on land, sea, rail and by air — is key to job development in the Southeast and enables our state to stand out for its ability to move people and goods efficiently.”
In FY2011, the GPA handled 2,927,338 TEUs, which is an 11 percent increase or an additional 289,595 TEUs compared with the previous year. Automobiles and machinery units at the Port of Brunswick yielded a 40.1-percent increase for FY2011 with a total of 465,342 units. Breakbulk tonnage for all terminals totaled 2,195,047, which is a 37.5-percent increase compared with FY2010 or an additional 598,423 tons.
“Heavy volumes throughout the year have been driven by continued market share gains by our ports, modest domestic U.S. recovery and strong global rebound in the BRIC developing nations (Brazil, Russia, India and China),” said Foltz. “We achieved increases in volume and maintained market share in our trade lanes thanks to the hardworking men and women of the GPA and the entire maritime community that made this remarkable year of growth a reality. Our strategic location, logistical advantages including recent capacity expansion continue to make Savannah the Southeastern gateway to world markets.”
Export commodities grew by 12 percent, compared to nine-percent growth in imports. Overall, export throughput comprised 53 percent of the GPA’s total containerized cargo. The fastest growing export trade lanes were Southern Asia, Africa and Eastern Europe.
“Georgia’s strong position as a regional hub for export commodities is highlighted in the strong performance of the past fiscal year,” said GPA’s Chairman of the Board Alec L. Poitevint. “In addition, the Savannah Harbor Expansion Project (SHEP) passed important milestones this past year, and we are confident this nationally significant infrastructure project will gain necessary approvals and proceed according to the proposed schedule.”
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 Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

New Record Year in Dry Bulk Demolition Underway - BIMCO

The monthly average for the first six months in 2015 is 3.3m DWT. In 2014 the first half year averaged at 1.33m DWT per month.   April 2015 saw 5.36 million DWT being retired from active service,

Greek Shipping Mulls Cyprus Move

Greek shipping companies are looking into moving to Cyprus due to the instability and uncertainty in Greece, it emerged, reports Cyprus News Agency.   The director

WISTA Seminar on Dry Bulk Receives Wide Response

A Shipping Seminar on "Dry Bulk Chartering, Operations and Arbitration”  held on 27th June 2015 at the Narottam Morarjee Institute of Shipping, Nariman Point, Mumbai was well attended.

Ports

Antwerp, Duisburg Ports to Upgrade Rly Link

The Port of Antwerp and duisport are intensifying their cooperation as the Port of Antwerp will participate in the existing rail shuttle service connecting the two ports.

Passenger Ferry Capsizes in the Philippines, Nearly 40 Dead

MBCA Kim Nirvana, a passenger boat carrying 189 people has capsized in the central Philippines, minutes after leaving port, the Philippine Red Cross and coast guard spokesman Cmdr.

Litgas, Statoil JV to Develop Baltic Sea LNG

Natural gas supply and trading company Litgas, part of Lithuania's state owned energy holding Lietuvos Energija, and Statoil, leading global energy company in oil and gas production,

Container Ships

Greek Shipping Mulls Cyprus Move

Greek shipping companies are looking into moving to Cyprus due to the instability and uncertainty in Greece, it emerged, reports Cyprus News Agency.   The director

Maersk Returns to the Port of Baltimore

Maryland Lt. Governor Boyd Rutherford, along with congressional, state and local officials, officially welcomed Denmark-based Maersk Line, part of the Maersk Group

Container Equipment Costs at Record Low

Low material costs and stable demand has driven the price of new container equipment down to record lows where it is forecast to stay, according to the latest edition

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pod Propulsion Port Authority Salvage Ship Electronics 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: 0.1222 sec (8 req/sec)