Georgia Ports Authority container volume up 10.8 percent in CY17
The Georgia Ports Authority moved 2.33 million twenty-foot equivalent container units for the calendar year through July, up 10.8 percent, or an additional 230,000 TEUs, the company announces in its press release.
In what was its busiest July ever, the Port of Savannah handled more than 336,000 TEUs, for a 6.8 percent (21,385-TEU) increase.
Also in the calendar year to date through July, total tonnage crossing GPA docks grew by 13 percent, or 2.37 million tons, to reach 20.67 million tons. In July alone, breakbulk cargo grew by 12.3 percent for a total of 232,390 tons– part of strong performances in Savannah and Brunswick for bulk and breakbulk commodities.
Lumber handled at Savannah’s Ocean Terminal more than doubled in July, from 2,366 tons in July 2016 to 7,702 tons last month. A strengthening construction industry has improved demand for lumber, with single-family housing starts increasing by 7 percent during the first quarter of Calendar Year 2017 and multi-family housing up by 9 percent, according to the U.S. Census Bureau.
Overall, Ocean Terminal’s breakbulk tonnage grew by 22 percent last month, to reach a total of 124,150 tons.
The iron and steel category is also up at Ocean Terminal, growing by 10.3 percent (4,835 tons) to 51,644 tons in July. A manufacturing report issued by the Institute for Supply Management stated that new orders, production, employment, backlog and exports were all expanding in July compared to June. Similarly, the Bureau of Labor and Statistics found increasing employment in July in manufacturing, led by gains in fabricated metal products, transportation equipment and machinery.
At East River Terminal in Brunswick, wood pellets used for fuel rebounded from zero last July to 49,011 tons in July 2017, powering a 75.7 percent growth in overall bulk cargo business at East River, which reached 68,813 tons.
Georgia’s deepwater ports and inland barge terminals support more than 369,000 jobs throughout the state annually and contribute $20.4 billion in income, $84.1 billion in revenue and $2.3 billion in state and local taxes to Georgia’s economy. The Port of Savannah handled 8.2 percent of the U.S. containerized cargo volume and 10.3 percent of all U.S. containerized exports in CY2015.