Digital Edition

August 14 2023

Issue link: https://jocdigital.uberflip.com/i/1505022

Contents of this Issue

Navigation

Page 35 of 63

36 Journal of Commerce | August 14, 2023 www.joc.com Top 50 Global Container Ports Special Report we're saying is coming to fruition," Lynch said. "And the fact that we've worked four ships in four days that would not have been worked, we would have had four more ships at anchor. So now we're going to catch up and bring every- thing back to normal." In a bid to boost Savannah's capac- ity by another 1.5 million TEUs to 9 million TEUs by 2026, GPA is also investing $350 million into the devel- opment of two post-Panamax berths at its Ocean Terminal. The multiyear project, which is already underway and part of GPA's overall $1.9 billion investment into the port, is meant to transform what has traditionally been a breakbulk terminal into a more modern container facility. The first berth is expected to be completed in early 2025 and the sec- ond a year later. Savannah was the second-busiest port on the US East Coast for imports from Asia in June with 122,668 TEUs, according to PIERS, a sister company of Journal of Commerce within S&P Global. The port trailed The Port of New and York New Jersey, which held the top spot with 173,620 TEUs. JOC email: teri.griffis@spglobal.com THE PORT OF Savannah has added 1.5 million TEUs of annual capacity with the reopening July 21 of the completely rebuilt Berth 1 at the Gar- den City Terminal as the port seeks to pull growing volumes of discretionary cargo from the West Coast. The $250 million expansion gives Garden City, the largest marine ter- minal in North America, the capacity to handle 7.5 million TEUs annually, a 25% increase. The berth will now be able to work two vessels with capac- ities between 10,000 and 14,000 TEUs simultaneously or one 20,000- TEU vessel. The Georgia Ports Authority (GPA) has acknowledged that the added berth capacity was sorely needed during the worst of the pan- demic-driven port congestion, when Savannah's queue hit more than 30 ships in September 2021. Leading up to the project's com- pletion, Griff Lynch, president and CEO of GPA, had hoped the berth could service three ships per week, but he told the Journal of Commerce July 24 the berth was on track to work five vessels in five days since the reopening, with all cranes yet to be fully commissioned. "This shows that what Capacity catch-up Savannah reopens expanded Garden City Terminal berth By Teri Errico Griffis GPA expanded handling capacity at the Garden City Terminal 25% to 7.5 million TEUs per year. Georgia Ports Authority Container capacity investment While volumes remain subdued, Rotterdam is investing heavily in new container terminal space, digitaliza- tion and infrastructure related to its green energy transition. "An important step was made with the issuance of the land in the Princess Amalia harbor to APM Terminals and Rotterdam World Gateway (RWG). We want to provide our customers with the necessary space and facilities in good time so that they can continue to operate and grow in a sustainable way," Boudewijn Siemons, interim CEO and COO of the Port of Rotter- dam Authority, said in the statement. RWG is a joint venture between shareholders DP World, CMA CGM Terminal Link and carriers HMM and MOL. The €500 million expansion will add 1.8 million TEUs to RWG's capacity that will be fully automated and carbon- neutral, with the first phase expected to be operational by the end of 2025. Rotterdam also made significant advances in digitalization in the first half aimed at addressing barge and inland vessel congestion that has plagued the port for many years. In January, an integrated plan- ning tool offered by Nextlogic was launched after an intensive pilot phase that will enable inland vessels in the port to be handled faster so terminals can improve the use of their quays. In the port's energy transition, 70 projects are under way in various phases, with green hydrogen playing a central role. However, Rotterdam expressed concern that regulatory delays raised the risk of "stagna- tion" in areas involving climate targets and nitrogen infrastructure development. "The [port] needs more latitude under the regulations applicable to nitrogen emissions and sufficient grid capacity in order to implement a range of projects in the field of the energy transition," it added. "If there are delays, the ambi- tions cannot be achieved in time and the process of making industry, and therefore the Netherlands, sus- tainable will stagnate." JOC email: keithwallis@hotmail.com email: greg.knowler@spglobal.com twitter: @greg_knowler

Articles in this issue

Links on this page

Archives of this issue

view archives of Digital Edition - August 14 2023