FY2017 GPA RESULTS
In Fiscal Year 2017, the Port of Savannah moved a record 3.85 million twenty-foot equivalent container units, an increase of 6.7 percent. Most of that growth came in the last half of FY17.
Garden City Terminal volumes grew by 11.6 percent in the final six months of FY2017.
The Port of Savannah added 242,222 TEUs in FY2017 vs. FY2016, more than any other East Coast port. Garden City Terminal is the fastest growing U.S. container port (CAGR 2007-2017)
Ocean Terminal, Savannah’s breakbulk facility moved a total of 1.26 million tons of cargo, an increase of 49,163 tons of 4.1 percent.
Commodities leading growth include wood pulp (+18.3%), linerboard (+25.2%), lumber (+43.5%), and iron and steel (+13.8%)
Savannah and Brunswick’s combined fiscal year performance resulted in total tonnage of 33.4 million tons of cargo for the year, an 8.3 percent increase and another all-time high.
- 646,882 units total
- 607,227 units via Colonel’s Island Terminal in Brunswick
- 39,655 units via Ocean Terminal in Savanna
The Port of Savannah now hosts 36 weekly vessel calls, more than any other container terminal on the U.S. East Coast.
Resin pellets, a byproduct of oil and natural gas refining, are used in the manufacture of plastic products.
According to data analysts at Petrochemical Update, four refineries totaling more than 5 million tons per year of resin capacity will start operations this year along the U.S. Gulf Coast. Another five new refineries are expected to go into operation before the end of 2019. Together, the nine projects will bring 10.3 million metric tons of additional resin capacity into the U.S. market.
Gulf Coast ports do not have the capacity to take on this new export business.
A&R Logistics, based in Louisville, KY, will open Savannah’s first export facility for plastic resins by the end of the year.