THE georgia Ports Authority (GPA), principally the Port of Savannah, handled 5.25 million TEU in fiscal year 2024, a decrease of 2.3 per cent or 123,000 TEU year on year.
Compared to the pre-pandemic year of FY 2019, GPA's fiscal performance equates to a three per cent compound annual growth rate.
Despite the slight decline in volumes, Georgia Ports continues to have one of the nation's best connectivity rankings in the nation with more than 35 vessels calling every week in Savannah.
The authority recently completed construction of its new Garden City Terminal West facility and continues to add new ship-to-shore cranes and rubber tyre gantry (RTG) cranes built by the Finnish company, Konecranes. Georgia Ports is the only operator in the US using 100 per cent Konecranes in its fleet, GPA reported.
'While we experienced lower container volumes, we have been through cycles before and are optimistic about the future,' said president and CEO Griff Lynch.
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Compared to the pre-pandemic year of FY 2019, GPA's fiscal performance equates to a three per cent compound annual growth rate.
Despite the slight decline in volumes, Georgia Ports continues to have one of the nation's best connectivity rankings in the nation with more than 35 vessels calling every week in Savannah.
The authority recently completed construction of its new Garden City Terminal West facility and continues to add new ship-to-shore cranes and rubber tyre gantry (RTG) cranes built by the Finnish company, Konecranes. Georgia Ports is the only operator in the US using 100 per cent Konecranes in its fleet, GPA reported.
'While we experienced lower container volumes, we have been through cycles before and are optimistic about the future,' said president and CEO Griff Lynch.
SeaNews Turkey
