7.8 C
Hamburg
Saturday, May 24, 2025
Home Port News Georgia Ports Authority approves US$65.6 million investment in Ocean Terminal

Georgia Ports Authority approves US$65.6 million investment in Ocean Terminal

The Georgia Ports Authority (GPA) has authorised contracts totalling US$65.6 million for container yard enhancements at the Port of Savannah’s Ocean Terminal, an 810,000 m² facility situated just downriver from GPA’s primary container port.

“We’re very pleased with the progress on improving Ocean Terminal’s container handling capability. We’re on track to see greater container capacity by late 2027,” stated Griff Lynch, CEO and president of GPA.

GPA’s Board of Directors approved three project components, encompassing earth compaction to prepare the site for container stacks, the removal of a former bridge pier, and preliminary utility installation behind the wharf structure.

Furthermore, funding for the work will be sourced from revenue bonds issued by GPA in 2022.

Previous upgrades at Ocean Terminal, which have been approved, include the purchase of eight ship-to-shore cranes, the refurbishment of the wharf structure, and the construction of an overpass for direct access to US 17. Upon completion of all the planned work, Ocean Terminal’s annual capacity is set to increase from 300,000 to over 1.5 million TEUs.

“At Georgia Ports, we never stop investing in the future. As new and existing port users grow their trade through our terminals, we’re ready to take on additional cargo, providing the world-class service that our customers have come to expect,” stated Kent Fountain, board chairman of GPA.

Lynch informed the board that GPA expects March to mark the third consecutive month of growth. “With a positive showing in the calendar year to date, Savannah is building momentum toward a stronger second half of Fiscal Year 2024,” he noted.

In addition, as part of a six-bill budget package passed by Congress on 8 March 2024, the ports of Brunswick and Savannah are set to benefit from a combined total of US$82.7 million in federal funding for maintenance dredging and harbour enhancements.

Approximately US$38 million will be allocated to the Port of Brunswick, with US$11.35 million destined for the Brunswick Harbor Improvements project and an additional US$26.6 million for dredging the federal waterway to its full authorized depth.

Moreover, construction has commenced on a larger U.S. Customs inspection facility at the Port of Savannah, which will double the size of its current location.

Valued at US$44.5 million, the project involves relocating U.S. Customs operations from their current 12,000 m² facility on Garden City Terminal to a neighbouring 27,900 m² building. This expanded space will facilitate federal inspections conducted by Customs and other agencies such as the U.S. Department of Agriculture and the U.S. Fish and Wildlife Service.

Also, the Georgia Ports Authority has secured a US$15 million federal grant to support the replacement of Berths 2 and 3 at the East River Terminal within the Port of Brunswick. This initiative aims to enhance safety and boost capacity for exporting wood pellets and peanut pellets, vital components of renewable energy sources.





Latest Posts

Shipping surge or strategic stall? Industry braces for July 9 tariff truce deadline

As the clock ticks down toward July 9, the expiration date of the current US-China tariff truce, the global shipping industry is caught in...

Brazil approves MSC’s Acquisition of Wilson Sons, paving the way for $1.35 billion deal

Brazilian regulators have given the green light to MSC’s planned acquisition of Wilson Sons, clearing the final regulatory hurdle and setting the stage for...

Port of Los Angeles expands investment in zero-emissions trucking through 2028

The Port of Los Angeles has announced a continued commitment to advancing clean transportation, with a three-year plan to accelerate the transition of its...

Saga Shipholding transfers entire fleet to the Bahamas ship registry

The Bahamas Maritime Authority announceδ that Saga Shipholding, in partnership with NYK and under the management of global leader Anglo-Eastern, has committed to transferring...

Rhenus Group opens logistics hub in Venlo

The Rhenus Group proudly announces the official opening of its cutting-edge logistics hub in Venlo. This newly launched facility significantly enhances Rhenus Road’s European logistics...
error: Content is protected !!