Author Topic: Explosive Port Growth in Savannah, GA - How do we take part?  (Read 6993 times)

Jax_Developer

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Re: Explosive Port Growth in Savannah, GA - How do we take part?
« Reply #45 on: April 17, 2024, 12:45:41 PM »
https://www.flgov.com/2023/12/05/governor-ron-desantis-announces-the-focus-on-floridas-future-budget-recommendations-for-fiscal-year-2024-2025/

Quote
To support Florida’s transportation network and infrastructure, the Focus on Florida’s Future Budget invests:

$14.5 billion for the state transportation work program to construct and maintain Florida’s transportation network.
$630 million for the 2nd phase of the Moving Florida Forward Initiative, expediting 20 projects to relieve traffic congestion.
$75 million for Florida’s ports, logistics centers and fuel pipelines, including vertiport development.
$25 million to expand the Truck Parking Improvement Program to increase the number of parking spots available in Florida to cargo- hauling large trucks.

I'd have to agree with you Charles. $75M was our annual investment for all Florida ports in 2024-2025. Georgia? More than 5x that figure, for a state with 1/4 the annual budget. $14.5B on the fun stuff lol...
« Last Edit: April 17, 2024, 12:48:57 PM by Jax_Developer »

thelakelander

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Re: Explosive Port Growth in Savannah, GA - How do we take part?
« Reply #46 on: April 17, 2024, 02:44:22 PM »
Quote
$14.5 billion for the state transportation work program to construct and maintain Florida’s transportation network.

Does this number include SIS facilities or railroads?
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Charles Hunter

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Re: Explosive Port Growth in Savannah, GA - How do we take part?
« Reply #47 on: April 17, 2024, 03:59:08 PM »
I think the $14.5 B is just Highways, including the SIS, but not Railroads.

From the FDOT Work Program (Budget) site for Fiscal Year 2024
In millions
$14,023 - Highways
$ 3,371 - Turnpike
$     19 - Fixed Capital Outlay
$     29 - Research and Testing
$   183 - Transportation Planning
$   635 - Florida Rail Enterprise
$  2,982 - FLP Transit (FLP = Freight, Logistics, and Passenger Operations)
$  1,044 - FLP Aviation
$     185 - FLP Rail
$     336 - FLP Seaports
$     126 - FLP Intermodal
$      18 - FLP Multimodal
$      64 - Transportation Disadvantaged
$ 12,675 - Miscellaneous
$      913 - Maintenance

$ 36,604 - TOTAL

And, no, I don't know what that $12+ B for "Miscellaneous" is. It seems to be funds on projects elsewhere in the Work Program that, for come reason, are listed as "Non-System Specific" (even if they are on a system).

Jax_Developer

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Re: Explosive Port Growth in Savannah, GA - How do we take part?
« Reply #48 on: April 17, 2024, 04:45:54 PM »
I think the $14.5 B is just Highways, including the SIS, but not Railroads.

From the FDOT Work Program (Budget) site for Fiscal Year 2024
In millions
$14,023 - Highways
$ 3,371 - Turnpike
$     19 - Fixed Capital Outlay
$     29 - Research and Testing
$   183 - Transportation Planning
$   635 - Florida Rail Enterprise
$  2,982 - FLP Transit (FLP = Freight, Logistics, and Passenger Operations)
$  1,044 - FLP Aviation
$     185 - FLP Rail
$     336 - FLP Seaports
$     126 - FLP Intermodal
$      18 - FLP Multimodal
$      64 - Transportation Disadvantaged
$ 12,675 - Miscellaneous
$      913 - Maintenance

$ 36,604 - TOTAL

And, no, I don't know what that $12+ B for "Miscellaneous" is. It seems to be funds on projects elsewhere in the Work Program that, for come reason, are listed as "Non-System Specific" (even if they are on a system).

That $12+B on "Miscellaneous" is wild.

jaxlongtimer

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Re: Explosive Port Growth in Savannah, GA - How do we take part?
« Reply #49 on: April 17, 2024, 10:30:25 PM »
Just to add another twist to this discussion, one article I found also reviewed airports as "ports" for cargo:

Top 10 Busiest USA Cargo Ports
Rank   Airport Name   Location   Cargo (in lbs)
1   Memship International Airport   Memphis, Tennessee   21,891,425,638
2   Ted Stevens Anchorage International Airport   Anchorage, Alaska   14,982,410,652
3   Louisville International Airport   Louisville, Kentucky   11,264,596,650
4   O’Hare International Airport   Chicago, Illinois   6,864,249,348
5   Miami International Airport   Miami, Florida   6,847,177,300
6   Indianapolis International Airport   Indianapolis, Indiana   5,268,916,355
7   Los Angeles International Airport   Los Angeles, California   4,199,375,809
8   Cincinnati/Northern Kentucky International Airport   Cincinnati, Ohio   3,422,731,214
9   John F. Kennedy International Airport   New York, New York   3,372,770,377
10   Dallas/Fort Worth International Airport   Fort Worth, Texas   3,062,528,160

The same article had this to say about Savannah's port:
Quote
The Port of Savannah is the fourth largest port in North America and the #16 busiest port in the world. The port is located in Savannah, Georgia.

The Port of Savannah is important for freight trucking because it is a major gateway for imports from both Asia and Europe to the US. In addition, the port also handles a significant amount of containerized freight from other ports on the East Coast of the United States.

What makes this port unique is that it is one of the few deepwater ports on the East Coast of the United States that can accommodate large container ships. In 2020, the Port of Savannah shipped 2.4 million TEU.

https://cowtownexpress.com/blog/top-largest-us-ports-major-usa-cargo-hubs-guide

Another article had this to say about Savannah's advantages:
Quote
Savannah Port is home to the biggest single-terminal container area, one of its kind in North America. It includes two deepwater terminals called the Garden City Terminal and the Ocean Terminal.

The Garden City Terminal is the 4th busiest container handling facility in the U.S, covering over 1200 acres and handling millions of tonnes of containerised cargo each year.

The Ocean Terminal is the port’s breakbulk and RORO facility, spanning 201 acres. It also has over 1.4 million square feet of covered storage area.

The natural landlocked harbour 15 nautical miles up the Savannah River from the Atlantic Ocean is operated by the Georgia Ports Authority. Apart from these 2 terminals, there are many private berth operators and a Free Trade Zone.

Savannah Port imports sugar, cement, textiles, ores, steel, machines, petroleum products, forest products, gypsum and exports kaolin clay, vegetable oil and grain oil seed, scrap iron, peanuts, wood pulp, paper and machines used in agriculture.

Approximately 2100 ships, 2,950,000 TEUs and 26,100,000 tonnes of cargo are handled at the Georgia Ports annually.

As a major east coast port, Savannah is undergoing repairs to increase its handling capacity. It is improving its intermodal system to increase its market share of the midwest and make it a preferred choice for many and much more cost-efficient.

https://www.marineinsight.com/know-more/major-u-s-east-coast-ports/

Then there is this:
Quote
Georgia Port Expanding to Become Country’s Largest Auto Port

Expansion Projects Will Push Port of Brunswick Past Baltimore as Top US Automobile Port

JEKYLL ISLAND, Ga. — The Port of Brunswick’s ascent as one of the United States’ leading hubs for automobile imports and exports over the last decade has threatened to outpace the facility’s capacity.

Not anymore.

During the annual Brunswick State of the Ports luncheon on Oct. 30, Georgia Ports Authority CEO Griff Lynch highlighted expansion projects that will allow Brunswick to surpass the Port of Baltimore as the nation’s top port for roll-on, roll-off cargo as early as 2026. The improvements include the addition of a fourth ship berth at Brunswick’s main terminal at Colonel’s Island and a widening and deepening of the Brunswick harbor.

“We will be the No. 1 port when we stand before you at this event in 2026,” Lynch told members of the Brunswick Golden Isles Chamber of Commerce at the Jekyll Island Convention Center. “That’s not meant as a way for us to bang on our chests, it’s to stimulate our economy and the state’s economy.”

The Port of Brunswick and other ports authority facilities support 561,000 jobs and contribute $59 billion annually to the state’s gross domestic product, a study by the University of Georgia showed.

Brunswick is one of two coastal seaports in the Georgia Ports Authority. Brunswick handles automobiles, heavy equipment and other wheeled vehicles along with breakbulk cargo, or goods too large to fit into shipping containers. The Port of Savannah is GPA’s container port and ranks as the third-busiest in the country.

Even with the focus on Brunswick, the Port of Savannah was top of mind. Gov. Brian Kemp issued letters on Oct. 30 addressed to each member of Georgia’s congressional delegation expressing support for a Savannah River deepening study.


Georgia Ports officials have asked Congress to authorize the U.S. Army Corps of Engineers to explore a widening and deepening of the Savannah shipping channel as part of the 2024 Water Resources Development Act.

“GPA is vital to our national supply chain and as a job creator for our state. It is critical we work together to ensure GPA can continue to accommodate ever-larger container vessels calling on our ports,” Kemp wrote.

The federal government is investing in the Brunswick harbor. Rep. Buddy Carter (R-Ga.) told attendees at the Oct. 30 luncheon the U.S. House has included nearly $20 million for Brunswick in an appropriations bill passed in recent days.

According to Lynch, the Brunswick channel has not been at the proper depth or width “for years now.” The federal dollars pledged should allow the harbor modification project to begin in fall 2024 and be completed in 2026.

The improvements should coincide with Brunswick passing Baltimore as the nation’s busiest roll-on, roll-off port. Brunswick cargo growth rate has nearly tripled Baltimore’s since 2012, including an 18% increase in the fiscal year that ended June 30. Brunswick handled a record 723,500 vehicles.

Expansion projects now underway will boost the Georgia terminal’s capacity to 1.4 million vehicles. The planned fourth ship berth is in the engineering stage and is designed to accommodate the largest roll-on, roll-off ships, those that transport 7,000 vehicles at a time. Once completed, the berth equates to two more vessel calls each week, Lynch said.

The expansion is meant to handle continued traffic growth as well as roll-on, roll-off ships that previously called on Ocean Terminal at the Port of Savannah. That facility is being converted into a container terminal, and 19,000 cars processed annually through Ocean Terminal will be rerouted to Brunswick.

By the end of the year, all auto freight through the Georgia Ports Authority will pass through Brunswick.

“By concentrating on containers in Savannah and autos and machinery in Brunswick, we are able to streamline our operations and provide more efficient service to both of our main business sectors as cargo volumes continue to grow,” Lynch said.

Brunswick is utilized by 23 carmakers, with the bulk of the business coming from Hyundai, Kia, Mercedes, Nissan and Subaru. Three-quarters of the cars handled are imports, although two auto assembly plants currently under construction in the state will feed into Brunswick’s export business.

The Hyundai Metaplant near Savannah is to begin production in late 2024 or early 2025 while a Rivian factory near Social Circle is expected to open in 2026.

Georgia Ports officials could not forecast the increase in business related to those facilities, citing guidance from the automakers that much of the autos produced in Georgia will be for domestic sale.

Brunswick is due to receive an influx of vehicle imports from two ports on Mexico’s east coast: Altamira and Veracruz. Nissan and Kia operate manufacturing facilities near Altamira while Volkswagen makes cars near Veracruz. Ocean carrier and ports customer CMA-CGM established a service route in July, and another freight titan, Gold Star, will begin transporting autos to Brunswick in November.

This Mexico-to-the-U.S. “nearshoring” trend, combined with an increase in the supply of roll-on, roll-off ships, should push Brunswick’s automobile throughput to 1 million vehicles a year by 2030, Lynch said.

https://www.ttnews.com/articles/port-brunswick-expanding

iMarvin

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Re: Explosive Port Growth in Savannah, GA - How do we take part?
« Reply #50 on: April 17, 2024, 11:06:36 PM »
I think the $14.5 B is just Highways, including the SIS, but not Railroads.

From the FDOT Work Program (Budget) site for Fiscal Year 2024
In millions
$14,023 - Highways
$ 3,371 - Turnpike
$     19 - Fixed Capital Outlay
$     29 - Research and Testing
$   183 - Transportation Planning
$   635 - Florida Rail Enterprise
$  2,982 - FLP Transit (FLP = Freight, Logistics, and Passenger Operations)
$  1,044 - FLP Aviation
$     185 - FLP Rail
$     336 - FLP Seaports
$     126 - FLP Intermodal
$      18 - FLP Multimodal
$      64 - Transportation Disadvantaged
$ 12,675 - Miscellaneous
$      913 - Maintenance

$ 36,604 - TOTAL

And, no, I don't know what that $12+ B for "Miscellaneous" is. It seems to be funds on projects elsewhere in the Work Program that, for come reason, are listed as "Non-System Specific" (even if they are on a system).

Am I reading this wrong or has FDOT really budgeted just $820 million for rail compared to $17 billion for highways?

Charles Hunter

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Re: Explosive Port Growth in Savannah, GA - How do we take part?
« Reply #51 on: April 17, 2024, 11:38:59 PM »
iMarvin, you are correct

thelakelander

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Re: Explosive Port Growth in Savannah, GA - How do we take part?
« Reply #52 on: April 18, 2024, 01:16:28 AM »
^The highways are owned and maintained by FDOT. Most of our rail lines are privately owned.
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Jax_Developer

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Re: Explosive Port Growth in Savannah, GA - How do we take part?
« Reply #53 on: April 18, 2024, 11:46:54 AM »
Just to add another twist to this discussion, one article I found also reviewed airports as "ports" for cargo:

Top 10 Busiest USA Cargo Ports
Rank   Airport Name   Location   Cargo (in lbs)
1   Memship International Airport   Memphis, Tennessee   21,891,425,638
2   Ted Stevens Anchorage International Airport   Anchorage, Alaska   14,982,410,652
3   Louisville International Airport   Louisville, Kentucky   11,264,596,650
4   O’Hare International Airport   Chicago, Illinois   6,864,249,348
5   Miami International Airport   Miami, Florida   6,847,177,300
6   Indianapolis International Airport   Indianapolis, Indiana   5,268,916,355
7   Los Angeles International Airport   Los Angeles, California   4,199,375,809
8   Cincinnati/Northern Kentucky International Airport   Cincinnati, Ohio   3,422,731,214
9   John F. Kennedy International Airport   New York, New York   3,372,770,377
10   Dallas/Fort Worth International Airport   Fort Worth, Texas   3,062,528,160

The same article had this to say about Savannah's port:
Quote
The Port of Savannah is the fourth largest port in North America and the #16 busiest port in the world. The port is located in Savannah, Georgia.

The Port of Savannah is important for freight trucking because it is a major gateway for imports from both Asia and Europe to the US. In addition, the port also handles a significant amount of containerized freight from other ports on the East Coast of the United States.

What makes this port unique is that it is one of the few deepwater ports on the East Coast of the United States that can accommodate large container ships. In 2020, the Port of Savannah shipped 2.4 million TEU.

https://cowtownexpress.com/blog/top-largest-us-ports-major-usa-cargo-hubs-guide

Another article had this to say about Savannah's advantages:
Quote
Savannah Port is home to the biggest single-terminal container area, one of its kind in North America. It includes two deepwater terminals called the Garden City Terminal and the Ocean Terminal.

The Garden City Terminal is the 4th busiest container handling facility in the U.S, covering over 1200 acres and handling millions of tonnes of containerised cargo each year.

The Ocean Terminal is the port’s breakbulk and RORO facility, spanning 201 acres. It also has over 1.4 million square feet of covered storage area.

The natural landlocked harbour 15 nautical miles up the Savannah River from the Atlantic Ocean is operated by the Georgia Ports Authority. Apart from these 2 terminals, there are many private berth operators and a Free Trade Zone.

Savannah Port imports sugar, cement, textiles, ores, steel, machines, petroleum products, forest products, gypsum and exports kaolin clay, vegetable oil and grain oil seed, scrap iron, peanuts, wood pulp, paper and machines used in agriculture.

Approximately 2100 ships, 2,950,000 TEUs and 26,100,000 tonnes of cargo are handled at the Georgia Ports annually.

As a major east coast port, Savannah is undergoing repairs to increase its handling capacity. It is improving its intermodal system to increase its market share of the midwest and make it a preferred choice for many and much more cost-efficient.

https://www.marineinsight.com/know-more/major-u-s-east-coast-ports/

Then there is this:
Quote
Georgia Port Expanding to Become Country’s Largest Auto Port

Expansion Projects Will Push Port of Brunswick Past Baltimore as Top US Automobile Port

JEKYLL ISLAND, Ga. — The Port of Brunswick’s ascent as one of the United States’ leading hubs for automobile imports and exports over the last decade has threatened to outpace the facility’s capacity.

Not anymore.

During the annual Brunswick State of the Ports luncheon on Oct. 30, Georgia Ports Authority CEO Griff Lynch highlighted expansion projects that will allow Brunswick to surpass the Port of Baltimore as the nation’s top port for roll-on, roll-off cargo as early as 2026. The improvements include the addition of a fourth ship berth at Brunswick’s main terminal at Colonel’s Island and a widening and deepening of the Brunswick harbor.

“We will be the No. 1 port when we stand before you at this event in 2026,” Lynch told members of the Brunswick Golden Isles Chamber of Commerce at the Jekyll Island Convention Center. “That’s not meant as a way for us to bang on our chests, it’s to stimulate our economy and the state’s economy.”

The Port of Brunswick and other ports authority facilities support 561,000 jobs and contribute $59 billion annually to the state’s gross domestic product, a study by the University of Georgia showed.

Brunswick is one of two coastal seaports in the Georgia Ports Authority. Brunswick handles automobiles, heavy equipment and other wheeled vehicles along with breakbulk cargo, or goods too large to fit into shipping containers. The Port of Savannah is GPA’s container port and ranks as the third-busiest in the country.

Even with the focus on Brunswick, the Port of Savannah was top of mind. Gov. Brian Kemp issued letters on Oct. 30 addressed to each member of Georgia’s congressional delegation expressing support for a Savannah River deepening study.


Georgia Ports officials have asked Congress to authorize the U.S. Army Corps of Engineers to explore a widening and deepening of the Savannah shipping channel as part of the 2024 Water Resources Development Act.

“GPA is vital to our national supply chain and as a job creator for our state. It is critical we work together to ensure GPA can continue to accommodate ever-larger container vessels calling on our ports,” Kemp wrote.

The federal government is investing in the Brunswick harbor. Rep. Buddy Carter (R-Ga.) told attendees at the Oct. 30 luncheon the U.S. House has included nearly $20 million for Brunswick in an appropriations bill passed in recent days.

According to Lynch, the Brunswick channel has not been at the proper depth or width “for years now.” The federal dollars pledged should allow the harbor modification project to begin in fall 2024 and be completed in 2026.

The improvements should coincide with Brunswick passing Baltimore as the nation’s busiest roll-on, roll-off port. Brunswick cargo growth rate has nearly tripled Baltimore’s since 2012, including an 18% increase in the fiscal year that ended June 30. Brunswick handled a record 723,500 vehicles.

Expansion projects now underway will boost the Georgia terminal’s capacity to 1.4 million vehicles. The planned fourth ship berth is in the engineering stage and is designed to accommodate the largest roll-on, roll-off ships, those that transport 7,000 vehicles at a time. Once completed, the berth equates to two more vessel calls each week, Lynch said.

The expansion is meant to handle continued traffic growth as well as roll-on, roll-off ships that previously called on Ocean Terminal at the Port of Savannah. That facility is being converted into a container terminal, and 19,000 cars processed annually through Ocean Terminal will be rerouted to Brunswick.

By the end of the year, all auto freight through the Georgia Ports Authority will pass through Brunswick.

“By concentrating on containers in Savannah and autos and machinery in Brunswick, we are able to streamline our operations and provide more efficient service to both of our main business sectors as cargo volumes continue to grow,” Lynch said.

Brunswick is utilized by 23 carmakers, with the bulk of the business coming from Hyundai, Kia, Mercedes, Nissan and Subaru. Three-quarters of the cars handled are imports, although two auto assembly plants currently under construction in the state will feed into Brunswick’s export business.

The Hyundai Metaplant near Savannah is to begin production in late 2024 or early 2025 while a Rivian factory near Social Circle is expected to open in 2026.

Georgia Ports officials could not forecast the increase in business related to those facilities, citing guidance from the automakers that much of the autos produced in Georgia will be for domestic sale.

Brunswick is due to receive an influx of vehicle imports from two ports on Mexico’s east coast: Altamira and Veracruz. Nissan and Kia operate manufacturing facilities near Altamira while Volkswagen makes cars near Veracruz. Ocean carrier and ports customer CMA-CGM established a service route in July, and another freight titan, Gold Star, will begin transporting autos to Brunswick in November.

This Mexico-to-the-U.S. “nearshoring” trend, combined with an increase in the supply of roll-on, roll-off ships, should push Brunswick’s automobile throughput to 1 million vehicles a year by 2030, Lynch said.

https://www.ttnews.com/articles/port-brunswick-expanding

Yeah this is the icing on the cake with the cherry on top... and this project is exactly what I was afraid of. The inability for local/state/federal officials to grow JaxPort, is allowing a port, not 130 miles away, but only 70 miles away to grow to become the largest automobile port in the country. Ironically, what is JaxPort's #1 import & export? You guessed it, automobiles.

I think through the resources put forth in this thread, it can be very easily concluded that the lack of growth for JaxPort compared to GPA has been caused by (primarily) state oversight. There is very clearly a market, and we are very clearly allowing the GPA to take all of that new business.

There are great projects located in JaxPort now, and I'm sure those individuals employed are doing all they can to drive growth. I commend JaxPort for being able to grow as much as it has. Nonetheless, the way our tax & legal systems are setup, you absolutely need support on all levels to create meaningful changes.
« Last Edit: April 18, 2024, 03:45:02 PM by Jax_Developer »

jaxlongtimer

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Re: Explosive Port Growth in Savannah, GA - How do we take part?
« Reply #54 on: May 09, 2024, 11:26:26 PM »
Interesting article on the Port of Virginia in Norfolk.  Only U.S. East Coast port that can handle side-by-side at once 20,000 TEU mega-ships with drafts to 55 feet.  And, reading the article, their port is ahead in other respects too.

Quote
Inside the Port of Virginia’s $450 million plan to lead in era of super-sized ocean containerships

The Port of Virginia is on track to become the functionally widest and deepest port on the U.S. East Coast by early 2025, as massive ocean containerships upend the economics of port terminals. Norfolk Harbor will be the only waterway channel on the East Coast with Congressional authorization for 55-foot depth from end to end and side to side. While there are channels on the East Coast that are wider than the Port of Virginia, they are not uniformly deep from end to end and side to side, regardless of tide.

A $450 million dredging project at the Port of Virginia, which began in 2019, completed its widening measures in March, allowing two ultra-large container vessels (ULCVs) to pass each other at the same time. An ultra-large containership can carry over 20,000 twenty-foot equivalent (TEU) cargo units. The dredging project is expected to be completed in Fall 2025, making the Port of Virginia the deepest and widest harbor on the East Coast. Once completed, Virginia will have unrestricted vessel size access, with two of these super-sized containerships able to move through the channel at once.

“Ultra-large container vessels have challenged every port,” said Stephen Edwards, CEO of the Port of Virginia. He explained that these ships reduce ports to a one-way traffic system — when a ship leaves the port it has to go all the way out of the channel before the next one can come in.

“We make our money turning ships on the berth. We don’t make our money as they transit in and out,” Edwards said. The completion of the project “means we can turn that berth quicker. We can gain capacity on and off that berth,” Edwards added.

The expansion will aid the port’s relationship with multiple industries.

“Whether that’s the coal trade, whether that’s the cruise market or military, we can start getting those two-way transits to be that much more efficient as a whole,” Edwards said.

The wider shipping channel is reducing the time vessels stay at the port by up to 15%. It’s also cutting emissions from ships idling while waiting for the channel to clear.

The $450 million channel deepening project is part of the $ 1.4 billion the port is spending to modernize operations and add capacity. It is still in the process of adding more ship berths and cranes to handle the ultra-large vessels. New, taller cranes are needed to move more containers off these ships, while the total number of berths, now two (one at each port terminal), will be expanded to five. The port is presently the sixth-largest port in the U.S. It’s also home to the world’s largest naval base, and shipbuilding and repair industrial base.

“About one in 10, one in nine jobs within the Commonwealth, have activity attached to what we do,” Edwards said. “A lot of them are direct employees. Our goal is to grow the gateway which consists of all the road networks and logistics businesses within Virginia.”

Container volumes are 7% above 2020 levels, and the port has seen significant growth in the first quarter of 2024. Goods are increasingly coming from South and Southeast Asia, instead of Northeast Asia, with their strongest growth coming from India. It has Walmart, Lowe’s and other top retailers as some of its primary customers, with home improvement products such as marble, and garment manufacturing, among top products arriving at the port.

The India to East Coast trade has been impacted by the Houthi attacks on vessels in the Red Sea, with major ocean carriers now avoiding the Suez Canal and are instead going around the Cape of Good Hope, a longer trip. Edwards said while trade has settled into a predictable pattern, the port is keeping a close eye on the cost of fuel.

“We haven’t seen any degradation of volume,” he said. “We expect it will stay that way and as long as fuel prices stay reasonable, when you offset the cost of the Suez Canal transit against that voyage cost, it is not too detrimental.”

But if fuel prices spike, the economics will change. Maersk, the world’s second-largest ocean carrier, said in its recent earnings report that the Red Sea disruptions could last until the end of 2024.....

.....On the rail side, the port has also been expanding with its central rail yard expansion expected to be completed by the end of this year. D’Andrae Larry, head of intermodal at Uber Freight, said the strategic development of rail capacity at the Port of Virginia has driven a steadily increasing amount of volume off of ships and into port facilities.

“Throughput is the holy grail for ports,” Larry said. “Over the years, the Port of Virginia has expanded and upgraded the technology and operating model for its central railyard. By building an efficient and flexible model early on, the port was able to be a go-to option for demand that moved away from Baltimore.” 

At the same time, port states need to invest in roads and bridges to keep the flow of trade moving. The Commonwealth of Virginia has invested more than $5 billion in its tunnels, highways, and bridges to receive more freight and commuters. Edwards said these improvements, which include three project partnerships with the Virginia Department of Transportation, will add efficiency and facilitate the movement of the increased cargo capacity......

https://www.cnbc.com/2024/05/09/port-of-virginia-has-a-big-plan-to-be-no-1-for-super-size-ocean-ships.html

thelakelander

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Re: Explosive Port Growth in Savannah, GA - How do we take part?
« Reply #55 on: May 10, 2024, 09:33:57 AM »
^Norfolk's port is significantly larger than JAXPORT. Like Savannah, their port is one of two for the state of Virginia. It's also heavily financed by the military.
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali