Friday , August 17 2018
Breaking News
Home / Ports and Shipping / Ports of Brunswick, Savannah post August gains
Ports of Brunswick, Savannah post August gains

Ports of Brunswick, Savannah post August gains

WASHINGTON: Both containers and wheeled cargo volumes grew at Georgia Ports Authority’s deepwater terminals last month, making it the ports’ busiest August on record and its second-busiest month ever for container volumes. “The authority started its fiscal year off on strong footing, with year-over-year growth in both July and August,” GPA executive director Griff Lynch told his board Monday. “The strength was spread among all business segments. Volume exceeded forecast levels and is in line with expectations for the balance of fiscal 2018.” Colonel’s Island Terminal in Brunswick moved 53,675 units of roll-on/roll off cargo, an increase of 15.3 percent over the previous August. Savannah handled 348,297 twenty-foot equivalent container units — or TEUs — an increase of 5.3 percent compared to the same month a year ago.

Tonnage for August was up nearly 10 percent, total breakbulk tonnage climbed 7 percent. For July and August, Ocean Terminal increased tonnage by 13 percent, driven by greater imports of lumber, machinery, iron and steel; and exports of machinery and woodpulp. Lynch attributed the recent growth, in part, to a strengthening economy and retail customers’ preparations for the holiday season, as well as larger cargo exchanges from the post-Panamax vessels now transiting the expanded Panama Canal. “The growth we’re experiencing in Savannah and Brunswick demonstrates that the logistics market has chosen Georgia’s deepwater ports as must-call gateways for trade,” Lynch said. “Better road and rail connections, unmatched terminal efficiency, and the GPA’s commitment to infrastructure investment means rock-solid reliability through our ports.” To accommodate growing customer demand in Brunswick, GPA is adding auto processing space. In July 2016, Colonel’s Island had 60,000 vehicle spaces. By October, the GPA will have added 30,000 new spaces, with plans to add another 60,000. The full expansion will bring Brunswick’s total annual throughput capacity to 1.4 million vehicles.

“Colonel’s Island, already the largest autoport in the Southeast, has more room to grow than any other roll-on/roll-off facility in the nation,” GPA Board Chairman Jimmy Allgood said Monday. “The authority’s plan to expand the physical infrastructure will double our capacity for auto processing.” Likewise, the Port Authority will increase Savannah’s ship-to-shore container crane fleet to 36 within two years and double on-terminal rail lift capacity to 1 million containers per year by 2021. Revenues for August set a GPA monthly record at $34.5 million, nearly 4 percent above the amount budgeted and 12 percent higher than last August’s revenues. Lynch attributed the better-than expected revenue to high container volumes as well as continued strong volumes and pricing in handling, storage, inspections, rail lifts and refrigerated cargo. The Port of Brunswick posted revenues favorable to budget across all three terminals.