Savannah port to build mega ship hub
“No other single container terminal in North America has the ability to expand berth capacity at this rate,” said Lynch. Currently, Savannah’s Garden City Terminal is equipped to handle two of these vessels and by April of this year that number will increase to three.
During his presentation titled “2019: The Triple Crown?” Lynch told an audience of 350 logistics professionals that the Port of Savannah had just last week achieved the busiest month ever in its history, moving 433,975 TEUs, a whopping 28 percent jump over the previous year.
“A strong global economy coupled with a growing awareness of Savannah’s logistical advantages are driving sustained growth at our deepwater container terminal,” GPA Board Chairman Jimmy Allgood said. “GPA’s Big Berth/Big Ship program will ensure Georgia stays ahead of demand and ahead of the competition.”
Over the next five years, the Authority plans to add another 21 Neo-Panamax ship-to-shore cranes, replacing 14 of its older models to bring the total fleet to 37. Dock upgrades are already under way to support the new, larger machines.
The Savannah market is also seeing significant private development. Over the past 24 months, private investors have added 9 million square feet, to bring Savannah’s total industrial real estate market to 60.6 million square feet.
The rate of construction has since accelerated, with another 9.2 million square feet of industrial space now under construction.
“The Savannah market outpaces its peer group for warehouse demand. One of Savannah’s strong suits is that within a 30-mile radius from Gate 4 there is still a real deep inventory of industrial sites and parks that have very effective access to and from Garden City Terminal,” said Blaine Kelley, senior vice president in the global supply chain practice of industrial real estate firm CBRE.
“Not surprisingly, it really all starts with the ports infrastructure, the access to global markets, the capacity for long-term growth, and the proximity to the immediate and regional customer base.” ■