• 2021 June 20 14:32

    10 consecutive months of positive year-over-year growth in the Port of Savannah

    The Port of Savannah handled 478,620 twenty-foot equivalent container units in May, an increase of 41.9 percent compared to last year. It was the second busiest month in the port’s history, and the 10th consecutive month of positive year-over-year growth.
     
    “Georgia’s deepwater ports are thriving, and that’s good news for a wide range of industries,” said Georgia Gov. Brian Kemp. “Thanks to conservative leadership and the fact that we never really shut down Georgia businesses during the pandemic, the Peach State’s economy is rebounding quickly. From logistics to manufacturing and retail, the ripple effect of booming trade at the ports of Savannah and Brunswick means business opportunity and job growth for hardworking Georgians.”
     
    Port officials said the facilities saw a fast recovery from the global economic downturn of 2020.
     
    “Last year, at this time, we were uncertain of the road ahead and expecting a double-digit loss in business,” said outgoing Georgia Ports Authority (GPA) Board Chairman Will McKnight. “To see how the GPA team and our supply chain partners have turned things around to achieve a string of the most successful months ever speaks volumes for this world-class workforce.”
     
    For the fiscal year to date (June through May), GPA has moved nearly 4.9 million TEUs, putting it on pace to surpass 5 million TEUs for the first time. Total cargo crossing all GPA docks reached 3.8 million tons last month, up 26 percent, or 781,121 tons. Rail volumes for the month grew 28 percent, or approximately 12,029 lifts, for a total of 54,436 containers.
     
    “We believe managing the new cargo that’s coming our way benefits the economy, jumpstarts economic development and sustains long-term growth,” said GPA Executive Director Griff Lynch. “We are encouraged by the Board’s support as we advance our strategic plan to ensure we absorb this growth more effectively in the future.”
     
    To keep up with this unprecedented growth, GPA has accelerated its hiring efforts, bringing on nearly 150 new employees since January 2021. Many of these employees are being trained in jockey trucks, yard cranes and other equipment to handle growth at GPA’s facilities.
     
    “Our Board will continue to invest in Georgia Ports’ most important resource – our employees,” said incoming GPA Board Chairman Joel Wooten. “We also remain committed to enhancing GPA facilities to sustain our communities for years to come.”
     
    GPA’s trade in vehicles and machinery units also soared last month, growing by 48,830 units, or 347 percent, for a total of 62,873 units. The auto industry was hit particularly hard during COVID-19 as many manufacturers faced plant closures and supply chain disruptions. “We expect strong growth to continue in autos and machinery as manufacturers return to normal operations,” Lynch said.
     
    Georgia’s deepwater ports and inland barge terminals support more than 496,700 jobs throughout the state annually and contribute $29 billion in income, $122 billion in revenue and $3.4 billion in state and local taxes to Georgia’s economy. The Port of Savannah handled 9.3 percent of total U.S. containerized cargo volume and 10.5 percent of all U.S. containerized exports in FY2020.




2024 February 28

18:07 Fratelli Cosulich takes delivery of second LNG bunkering vessel
17:44 Idemitsu, Mitsubishi and Proman join forces to develop a clean ammonia project in the United States
17:13 CULines and IAL to launch a new South China – Vietnam – Thailand service SCT2 in March
16:47 Saudi container line Folk Maritime launched
16:25 China's shipbuilding industry grows in 2023 under US sanctions
15:58 Japan, China, and Greece retain global leadership in shipowning
15:32 Jumbo Shipping, SAL Heavy Lift and Intermarine join forces in new commercial joint venture
14:58 Port of Hamburg handled a total of 114.3 million tonnes of goods in 2023
14:23 SITC launches new "Weifang-Japan" service with successful maiden voyage
13:48 Pier 400 in the port of Los Angeles upgrades its terminal operations fleet
13:13 Congo becomes an LNG exporting country
11:59 DEME reports 2023 results
11:13 KOTUG Canada holds steel cutting ceremony for two high bollard pull methanol fueled escort tugs for Trans Mountain Expansion Project
10:46 MOL's ammonia bunkering vessel receives AiP from Bureau Veritas

2024 February 27

18:07 Serco named preferred supplier for Vard Marine's naval modernization project
17:45 Ascenz Marorka’s mother company acquires Danish VPS
17:22 Majestic Fast Ferry has commissioned Incat Crowther to design a new second generation 39-metre passenger ferry
16:47 FSRU reaches NFE’s Barcarena LNG terminal in Brazil
16:24 Wartsila introduces Ammonia Fuel Supply System to ease shipping’s transition to ammonia fuel
15:54 Piraeus Port Authority and Guangzhou Port Group sign MoU
15:14 DNO Norge orders Noble jack-up rig for drilling work in Norway
14:40 Stena Evolution and Shell team up for innovative deepwater drilling project in the Gulf of Mexico
14:23 OOCL adds the eight eco-friendly 24,188 TEU ship
13:40 Port of Tanjung Pelepas completes first LNG bunkering operation
13:02 HD Korea Shipbuilding wins $267.8 mln order for 2 car carriers
12:45 Wallenius Wilhelmsen declares options for four additional Shaper Class vessels
12:09 Consortium of MOL, ITOCHU Corporation, HIF Asia Pacific and JFE Steel Corporation to pioneer synthetic fuel supply chain and CO2 marine transport initiative
11:42 CMA CGM, COSCO SHIPPING, Evergreen and OOCL to extend OCEAN Alliance until 2032
11:18 The 7th Hydraulic Engineering Structures and Dredging Congress kicks off in Moscow
10:52 Port of Oakland container volume up in January 2024
10:23 CMA CGM updates FAK rates from India to Europe and the Mediterranean
09:57 Biofuel reduces the climate impact from a Green Sea Conference by 90 per cent

2024 February 26

18:06 Cetus Maritime merge with Nachipa Corp
17:32 HD Korea Shipbuilding wins US$1.08 bln order for LNG ships
17:17 Asian shipping companies to face over €1 bln in emissions costs under new EU regulations
16:57 Panama Canal’s revenue up 14.9% to $4.968 bln in 2023
16:24 DP World and Masdar partner to drive renewable power for port operations
14:59 Singapore's Seatrium announces loss of $1.4 bln in 2023
14:24 Euronav orders two eco-friendly bitumen tankers
13:52 Vopak advances Singapore's bunkering hub with new biofuel capacity
13:22 Germany's Mukran LNG terminal starts trial operations
12:42 Glomar Offshore reduces CO2 emissions by 28% with transition to sustainable biofuel
12:22 Oil tanker shortage exacerbates global petroleum trade disruptions amid Red Sea attacks
11:48 QatarEnergy to boost global LNG production with new North Field West project
10:29 European Commission clears acquisition of Bollore Logistics by CMA CGM

2024 February 25

15:46 Mitsubishi Shipbuilding completes basic design of ammonia fuel supply system for marine engines under development by WinGD
14:33 Final tender for technical support opens for aids to navigation maintenance in Australia
13:18 HII launches Virginia-class submarine Massachusetts at Newport News Shipbuilding
12:07 IMO agrees new guidance for safe transport of plastic pellets on ships
10:25 ​QatarEnergy names the first carrier of its LNG expansion fleet

2024 February 24

15:17 CMA CGM announces RRI03 from North Europe & the Mediterranean to/via USA, Canada & Mexico
14:31 Hanwha Ocean seals $256 million deal to build VLCC pair
12:38 New cable layer joins Boskalis fleet following major conversion
10:33 Port of Rotterdam adopts Green Award verification for new EU shipping sustainability incentives
09:57 MPA selected 11 proposals to advance electric harbour craft designs in Singapore

2024 February 23

15:57 Vitol and EOG Resources enter into long-term gas supply agreement indexed to Brent pricing
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12:06 BOEM approves construction and operations plan for empire wind’s offshore wind project
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2024 February 22

18:04 United Maritime Corporation expands fleet with new bulk carrier
17:42 Euroseas reports Q4 and FY 2023 results
17:16 Scrubber savings up to 13 bln USD amid IMO2020 regulations implementation
16:14 HD Korea Shipbuilding secures 172.4 bln-won order for two LPG carriers
15:51 Baltic Sea Action Plan Fund allocates EUR 1 mln to 10 new environmental projects
15:24 The first Norsepower Rotor Sail funded by German Government to be fitted on Baltrader’s new cement carrier
14:45 HD Hyundai Marine Solution bags deal for LNG carrier re-liquefaction
14:13 Eastern Pacific Shipping partners with bound4blue for first wind-assisted propulsion system installation
13:42 Baker Hughes lands multi-year well construction services contract with Petrobras
13:32 MABUX: Bunker Weekly Outlook, Week 08, 2024
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