Post by yarddog on Nov 15, 2010 17:30:40 GMT -5
Savannah Containers Surge 16.7 Percent
Peter T. Leach
Nov 15, 2010 3:22PM GMT
The Journal of Commerce Online
Loaded imports push October throughput to records
The volume of containers handled by the Port of Savannah in October increased 16.7 percent to 273,296 20-foot equivalent units compared to the same month last year, the Georgia Ports Authority said.
Savannah’s Garden City Terminal handled a record 152,469 containers of all sizes in October, up 17.8 percent year-over-year. Record October container volume was driven by increases in loaded import activity, which was up 14.61 percent.
The overall total of freight handled by all Georgia ports reached a new monthly record of 2,347,260 tons, which represented an increase of 9.8 percent compared with last October.
By The Numbers: Containerized Ocean Trade - Georgia & South Carolina Ports.
“This increase is consistent with growth rates that have been experienced since December 2009 and indicates ongoing improvements in overall market conditions,” said GPA’s Executive Director Curtis J. Foltz. He said many commodity groups reported increases during October with records set in container volume at Garden City and automobile activity at Colonel’s Island.
“Ocean carriers and beneficial cargo owners are ‘cautiously optimistic’ about 2011, a position that has improved in the last two months,” said Foltz. “They all point to consumer spending during the upcoming holiday season to ultimately determine what happens in 2011. We expect container volumes at Garden City to be moderate in November through December and then will slowly recover to prior year levels through January and February.”
At the Port of Brunswick, the GPA handled 41,063 auto units in October 2010, up 61.6 percent from October 2009. Agri-bulk volume of 104,286 tons was handled at Colonel’s Island Terminal, marking an increase of 36.9 percent compared with October 2009.
Peter T. Leach
Nov 15, 2010 3:22PM GMT
The Journal of Commerce Online
Loaded imports push October throughput to records
The volume of containers handled by the Port of Savannah in October increased 16.7 percent to 273,296 20-foot equivalent units compared to the same month last year, the Georgia Ports Authority said.
Savannah’s Garden City Terminal handled a record 152,469 containers of all sizes in October, up 17.8 percent year-over-year. Record October container volume was driven by increases in loaded import activity, which was up 14.61 percent.
The overall total of freight handled by all Georgia ports reached a new monthly record of 2,347,260 tons, which represented an increase of 9.8 percent compared with last October.
By The Numbers: Containerized Ocean Trade - Georgia & South Carolina Ports.
“This increase is consistent with growth rates that have been experienced since December 2009 and indicates ongoing improvements in overall market conditions,” said GPA’s Executive Director Curtis J. Foltz. He said many commodity groups reported increases during October with records set in container volume at Garden City and automobile activity at Colonel’s Island.
“Ocean carriers and beneficial cargo owners are ‘cautiously optimistic’ about 2011, a position that has improved in the last two months,” said Foltz. “They all point to consumer spending during the upcoming holiday season to ultimately determine what happens in 2011. We expect container volumes at Garden City to be moderate in November through December and then will slowly recover to prior year levels through January and February.”
At the Port of Brunswick, the GPA handled 41,063 auto units in October 2010, up 61.6 percent from October 2009. Agri-bulk volume of 104,286 tons was handled at Colonel’s Island Terminal, marking an increase of 36.9 percent compared with October 2009.