Free Porn
xbporn
22 C
Hamburg
Thursday, July 25, 2024
Home Port News Georgia Ports Authority handles over 490,000 TEUs in May

Georgia Ports Authority handles over 490,000 TEUs in May

In May, the Georgia Ports Authority managed 490,330 TEUs, marking a 22% increase compared to the same month last year. This rise equates to an additional 90,000 TEUs.

Also, the Port of Savannah has experienced significant growth due to a strengthening retail market and an influx of new customers.

"Major retail customers tell Georgia Ports they have increased their orders to rebuild inventories and to meet rising consumer demand. Additionally, we’ve seen an increase in trade among Tier 1 suppliers for the new Hyundai Meta Plant, which also added to our May container volumes," stated Griff Lynch, president and CEO of GPA.

Despite reports of congestion at Southeast U.S. ports, Lynch stated that there is no congestion in Savannah. He mentioned that the Georgia Ports Authority (GPA) is benefiting from source shifting, as more manufacturers are setting up production facilities in Southeast Asia that favour delivery via Savannah.

The Port of Savannah has seen an increase in container trade every month in 2024 compared to 2023. GPA's performance in May improved by 11% over its April numbers.

Lynch also noted that June is expected to see strong positive growth, with over 320,000 TEUs of import cargo currently en route to Savannah.

In intermodal cargo, the Appalachian Regional Port achieved a record May, with the inland rail terminal moving 3,600 containers. At the Port of Savannah's Garden City Terminal, 44,000 forty-foot containers were moved by rail last month, an increase of 2% or 900 containers.

For the calendar year to date, GPA has handled a total of 2.2 million TEUs, up 12.7% over the same period in 2023.

"The teamwork among our GPA employees and our supply chain partners delivers unmatched service for our customers. In order to press Georgia’s logistical advantage, the Board is investing significantly in new capacity across our docks, container yards, truck gates and rail connections," commented Kent Fountain, board chairman of GPA Board.

From January through May, the Port of Savannah has handled 770 vessels, marking an increase of 36 compared to the same period last year.





Latest Posts

Global bunker indices continue moderate decline

In the 30th week of the year, the Marine Bunker Exchange (MABUX) global indices maintained their moderate downward trend. The 380 HSFO index dropped by...

BIFA and TT Club provide advices on container shipping safety

The British International Freight Association (BIFA) used the latest episode in its 2024 webinar series to provide crucial advice on safety in container shipping. The...

Indian Register of Shipping reveals new leadership appointments

The Indian Register of Shipping (IRS) announced new leadership appointments aiming to strength its management team. The Board of Directors of IRS has approved the...

CMA CGM applies updated PSS from Egypt and Türkiye to West Africa

French ocean carrier CMA CGM has notified its customers of an updated Peak Season Surcharge (PSS) from Egypt and Türkiye to West Africa. Effective from...

NWSA announces refrigerated electrical upgrades on Terminal 5

The Northwest Seaport Alliance (NWSA), a marine cargo operating partnership of the ports of Seattle and Tacoma, has announced refrigerated electrical upgrades on its...