GPA Marks Gains in the Fiscal Year

Press Release
Monday, October 08, 2012

Double-digit growth in TEUs, autos


The Georgia Ports Authority has announced  that the authority posted increases across all reporting categories for the first two months of fiscal year 2013.

At its Oct. 8 meeting, the GPA board heard a report from Executive Director Curtis Foltz detailing 5.6 percent growth in tonnage across July and August, with 13.8 percent growth in total TEUs for the month of August. That’s an increase of 240,000 tons over the same two months in FY2012.

“Our deepwater ports achieved a good start for fiscal year 2013, despite a slow national economy,” Foltz said. “The ports of Savannah and Brunswick have established solid momentum to start our fiscal year, which translates into increased jobs and economic opportunities throughout our region.”

The Port of Savannah handled 522,744 twenty-foot equivalent container units (TEUs) over the first nine weeks of the fiscal year, for a growth of 4.4 percent. August accounted for 270,614 TEUs, the GPA’s second-highest month for TEUs, behind only October 2010.

In tandem with the strong growth in tonnage, GPA rail cargo also saw a boost in numbers. Growth in intermodal activity was significant during August, and led to a record month, handling 29,364 intermodal rail moves.

“Greater reliance on rail movement is a strategic initiative of the GPA, allowing the Port of Savannah to increase capacity without putting more trucks on the road,” said GPA Board Chairman Robert Jepson. “Rail transit is cheaper for long-distance hauls, requires less fuel and produces fewer emissions.”

The Port of Brunswick also saw tremendous growth on the fiscal year to date, achieving 48.4 percent growth in total tonnage for the month of August (at 199,141 tons), and 30.2 percent growth on the fiscal year to date. Colonel’s Island terminal in Brunswick moved 109,694 auto and machinery units in July and August, an increase of 37 percent over the same period in FY2012.

In addition to record growth at the GPA, the board reviewed and approved new projects.

At Brunswick’s East River terminal, the board approved spending $750,000 to remove fuel pier structures and construct a new mooring dolphin – uprights extending out into the harbor to provide mooring points for vessels calling at the Lanier Dock. The renovations are in support of biomass exports used for alternative energy sources. In FY2012, East River Terminal experienced a 14 percent increase in cargo tonnage, handling commodities such as peanut hull pellets, and wood pellets and chips.

“Customers such as FRAM Renewable Fuels and the Golden Peanut Company rely on Brunswick to efficiently move nearly half a million metric tons overseas each year, largely to European markets,” said Foltz. “With new business from Daewoo and Sega Bio to add 300,000 metric tons of wood chips and pellets by the end of 2012, our infrastructure must be ready to handle the added demand.”

The board also approved a $1.33 million project to extend an energy-saving lighting system to container berths 7, 8 and 9 in Savannah. Similar infrastructure has been installed at berths 4, 5 and 6, resulting in a 59 percent reduction in energy consumption, significantly reducing light pollution, emissions and costs. Similar impacts are expected in CB7, 8 and 9. GPA engineers said the construction contract will be awarded by the end of November.

 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

China Watching Greece After Port Sale Shelved

China is closely monitoring the policies of the new Greek government after Athens said this week it will stop the sale of a majority stake in Greece's biggest port,

Greece's New Shipping Minister Stalls Port Privatization

Thodoris Dritsas is taken charge as Greece's new shipping minister following the electoral victory of the country's left-wing party Syriza. Among the first decision

Fender Repairs Works for Dolphins at Hong Kong

For approximately four months, fender repairing and replacement works for five of the dolphins will be carried out in the To Kwa Wan Typhoon Shelter. The

Finance

Matson Announces Quarterly Dividend

Matson, Inc. declared a first quarter dividend of $0.17 per common share, the company’s board of directors announced. The dividend will be paid on March 5, 2015

Kirby Reports Record Earnings

Kirby Corporation announced record net earnings of $68.1 million, or $1.19 per share, for the fourth quarter 2014 (ended December 31). The results bested 2013’s fourth quarter figures of $64.

Baltic Sea Freight Index Falls to Lowest Level Since 1986

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, spiralled downwards to its lowest level in nearly three

Environmental

Reftrade Upgrades Fleet Refrigeration Systems

Reftrade UK  has made an investment  to upgrade its fleet with environmentally friendly technology. The world’s first refrigeration system to use CO2 as a natural refrigerant,

Liberian Registry Launches Green Ship Initiative

“We have launched a new initiative to help shipowners improve their green credentials and meet other corporate social responsibilities," said Scott Bergeron, CEO

Shell Eyes Arctic Drilling this Summer

Oil major Shell wants to revive its Arctic oil drilling programme this year after a near two-year suspension, angering environmentalists who say the risk of an oil spill is too high.

Energy

Damen Delivers Custom-Made Offshore Winches to Fugro

Damen Maaskant Shipyards, part of Damen Shipyards Group, has delivered two dedicated offshore winches to Fugro. The Dutch shipyard was responsible for the design,

Stolt-Nielsen Q4 Profit Misses Forecast

Shipping firm Stolt-Nielsen reported fourth quarter earnings below forecasts on Thursday and said it was concerned about the outlook for the chemical tanker market,

Shell: UK Should Reduce North Sea Oil Tax

The British government should review a supplementary tax charge on North Sea oil producers as it has made the operation of some fields unrealistic, Shell Chief

Container Ships

Matson Announces Quarterly Dividend

Matson, Inc. declared a first quarter dividend of $0.17 per common share, the company’s board of directors announced. The dividend will be paid on March 5, 2015

Reftrade Upgrades Fleet Refrigeration Systems

Reftrade UK  has made an investment  to upgrade its fleet with environmentally friendly technology. The world’s first refrigeration system to use CO2 as a natural refrigerant,

China Watching Greece After Port Sale Shelved

China is closely monitoring the policies of the new Greek government after Athens said this week it will stop the sale of a majority stake in Greece's biggest port,

Logistics

Stolt-Nielsen Q4 Profit Misses Forecast

Shipping firm Stolt-Nielsen reported fourth quarter earnings below forecasts on Thursday and said it was concerned about the outlook for the chemical tanker market,

China Watching Greece After Port Sale Shelved

China is closely monitoring the policies of the new Greek government after Athens said this week it will stop the sale of a majority stake in Greece's biggest port,

Shell Eyes Arctic Drilling this Summer

Oil major Shell wants to revive its Arctic oil drilling programme this year after a near two-year suspension, angering environmentalists who say the risk of an oil spill is too high.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Sonar
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: 0.2702 sec (4 req/sec)