New Air Cargo


ISSUE 4 2021

June 2021

Feature: Project Cargo Insights Still Delivers p.10


Feature: Caribbean/Latin America Trade Opportunities Increase p.21

Garden City Terminal, Port of Savannah. (GPA photo)

In this Issue

News HMM takes

delivery of first ACL_Baseball_2020_Layout 1 4/28/21 9:09 AM Page 1

GPA makes major infrastructure investment Carrying All Types Of Cargo Is A


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The Georgia Ports Authority Board approved on March 29 capital improvement projects that will increase the Port of Savannah’s container capacity by 20%. “Right now, we are moving

container volumes that we did not expect to see for another four years,” said GPA Executive Director Griff Lynch. “Our employees are working very hard to ensure we continue to provide our customers with world-class service. Additionally, we are expediting capacity projects that will increase the speed and fluidity of cargo handling at the Port of Savannah.” The board approved a

terminal enhancement dubbed the Peak Capacity project, which will establish 2,100 new grounded container slots. The project will add 650,000 twenty- foot equivalent container units of annual container yard capacity in two phases, with the first opening in September. “Georgia’s container trade has

experienced unprecedented growth over the past six months,” said GPA Board Chairman Will McKnight. “This addition is among several that will address the needs of port users experiencing a sharp increase in demand, while also preparing Savannah to take on additional business over the long term.” In its busiest February ever,

the Port of Savannah moved 390,804 TEUs of cargo, an increase of 7.2%, or

TEUs compared to February 2020. Between September and February, GPA handled 2.64 million TEUs, an increase of nearly 375,000, or 16.5%, compared to the same six-month period a year ago. “In terms of cargo volumes, we’ve added the equivalent of an extra month of trade since September,” Lynch said.

In addition to the Peak

Capacity project, the board approved a Berth 1 renovation that will increase berth capacity by an estimated 1 million TEUs per year by June 2023. This will bring Garden City Terminal’s new total to 6 Million TEUs of annual berth capacity. Higher volumes moving

through the Port of Savannah have contributed to an industrial market growth rate that was highest in the nation for 2020, in terms of net absorption as a% of total inventory. Last year, private operators filled 10 million square feet of industrial space in Savannah, or nearly 13% of the total market according to a report from CBRE. The commercial real estate firm stated GPA’s record- setting business also helped Atlanta’s industrial market absorb over 20 million square feet in 2020, third most in the nation. According to the Colliers

+ our regular From the Editor p.4

Logistics Roundup p.2 Shipping Roundup p.3

Road & Rail Roundup p.5 Airfreight Roundup p.6

International market report for Savannah, the area ended the year with 77.5 million square feet of industrial space – an increase of 5.6 million square feet compared to the end of 2019 – with another 7.7 million square feet under construction.

2 >> 26,400

16,000 TEU con- tainership p.3

LCK welcomes 500th passenger – freighter

since start of pandemic p.6

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