Subscribe to our free, weekly email newsletter!


Port of Savannah attracting bigger vessels

The 8,500-twenty-foot equivalent unit (TEU) capacity vessel covers the U.S. West Coast, Far East and U.S. East Coast trade via the Suez Canal
By Patrick Burnson, Executive Editor
December 13, 2010

The CMA CGM Figaro made its second call on the Port of Savannah late last week, signaling a sign of things to come.

“As one of the larger vessels calling on the U.S. East Coast, the Figaro allows American companies to better compete on a global scale by loading more exports and transporting them overseas quicker,” said port spokesmen.

The 8,500-twenty-foot equivalent unit (TEU) capacity vessel covers the U.S. West Coast, Far East and U.S. East Coast trade via the Suez Canal.

Like the neighboring ports of Charleston, and Jacksonville, Savannah is aggressively pursuing anticipated “post-Panamax” traffic that will be generated in 2014 with the widening of the Canal.

In order to more efficiently handle vessels like the Figaro, the Savannah Harbor Expansion Project (SHEP) will deepen the river from its current 42 foot depth to as much as 48 feet. This project – one of the most important and productive civil works projects in the country – will maintain and create jobs and commerce throughout the region. ?

“Making ports attractive as part of a routing option may be about focusing on responsiveness,” said Mary Burns, who heads the Port Performance Research Network, at Dalhousie University, in Nova Scotia.

In an interview with LM, she said Savannah is one of the fastest growing ports in the nation.

Georgia’s deepwater ports and inland barge terminals support more than 295,000 jobs throughout the state annually and contribute $15.5 billion in income, $61.7 billion in revenue and $2.6 billion in state and local taxes to Georgia’s economy.

Georgia Ports Authority’s (GPA) Executive Director Curtis J. Foltz told LM earlier this year that the GPA’strategic planning has ensured that Georgia’s deepwater ports are poised to handle the growth demands necessary to advance economic development and opportunity.
“Even during the recessionary conditions experienced during the past two years, the GPA has continued to invest for the future to ensure growth can be handled more efficiently than ever,” he said.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Intermodal units, at 278,767 containers and trailers were up 6.7 percent compared to the same week last year and marks the third best week for intermodal ever recorded based on AAR’s data.

LM Group News Editor Jeff Berman recently conducted a wide-ranging interview with Bobby Harris, President and CEO of non asset-based 3PL BlueGrace Logistics about various aspects of the freight transportation market.

It’s small, but senior brass at YRC Worldwide will take it. After nearly seven years of continuing losses in excess of $2.6 billion, the parent of the nation’s second-largest LTL carrier posted a narrow net profit in the third quarter ended Sept. 30.

As was the case for the second quarter, third quarter earnings results for publicly-traded less-than-truckload (LTL) carriers are again strong. Signs of solid earnings results from carriers that have posted earnings to date include tonnage increases, gains in weight per shipment and average daily shipments, higher yield, and revenue per hundredweight.

While the holiday season is known to bring good tidings and cheer to all, it may also come with another thing that is not so pleasant: higher rate freights. That was the thesis of a commentary written by Mark Montague, industry pricing analyst and chief market-watcher for DAT, a Portland, Ore.-based subsidiary of TransCore.

Article Topics

News · Trade · Exports · TEU · Imports · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA