Georgia Ports Authority Posts Impressive Year-End Gains

By MarEx 2012-01-23 11:51:25

State of Georgia Moves to Commit More Than $180 Million for Harbor Deepening

Savannah, Ga. – Georgia Ports Authority Executive Director Curtis J. Foltz announced today that the Ports of Savannah and Brunswick experienced record volumes in calendar year 2011 and handled 26.1 million tons of cargo, an additional 1.1 million tons, or a 4.3 percent increase. 

In Savannah, the Authority handled a record 2.95 million Twenty-Foot Equivalent Unit (TEUs) containers, an additional 130,000 units, or a 3.5 percent increase over calendar year 2010. In Brunswick, the Authority handled a record 495,000 auto and machinery units, up 23 percent from the previous calendar year. 

“The Ports of Savannah and Brunswick achieved record volumes in 2011 despite the nation’s economic challenges,” said Foltz. “As our ports grow market share, Georgia’s deepwater terminals provide American exporters an increasingly vital gateway to global trade.”

Additionally, the Port of Savannah, according to the U.S. Department of Commerce, is second only to the Port of Los Angeles for the export of American containerized goods. In CY2011 alone, exports accounted for over 15.5 million tons, or 59 percent of the Authority’s trade.  

“Georgia’s position as the number-two export port in the nation provides a clear and compelling case for why the Savannah Harbor Expansion Project (SHEP) is so critical for this state, region and country,” said GPA’s Chairman of the Board Alec Poitevint. “The work to deepen the Savannah Harbor up to 48 feet is precisely the type of effort that will bring sustainable economic recovery to the United States.”

Calendar Year 2011 also marked important developments in Georgia’s effort to finalize the SHEP study and move the project toward construction. These efforts include the public review and revision of study documents and securing a total of $134 million in state funds with an additional $46.7 million proposed by Governor Nathan Deal.

“By making this financial commitment, Governor Deal and the General Assembly have sent a powerful message to our customers and stakeholders that the Savannah harbor deepening is a top priority for the State of Georgia,” said Poitevint.  

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. The Port of Savannah was the second busiest U.S. container port for the export of American goods by tonnage in FY2011. It also handled 8.7 percent of the U.S. containerized cargo volume and 12.5 percent of all U.S. containerized exports in FY2011.

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SOURCE: GA Ports Authority