GA - GPA Holds First Virtual State of the Port
In its first-ever virtual State of the Port Address, co-hosts Griff Lynch and Will McKnight took the Georgia Ports Authority’s online audience for an on-terminal view of infrastructure advancements the Authority is making to accommodate record container growth.
Lynch, GPA executive director, also highlighted nearly 9 million square feet of industrial construction now under way in Savannah’s private market.
“We appreciate the decisions of cargo owners to place their trust in Georgia. As our economy recovers, customers continue to be attracted by Savannah’s strong fundamentals – including the people who make our ports work,” Lynch said. “I want to thank our GPA employees, the International Longshoremen’s Association and our many partners across the logistics industry for their dedication to service.”
In the first quarter of Fiscal Year 2021 (July-September), the Port of Savannah handled 1.2 million twenty-foot equivalent container units, an increase of 1.6 percent or 19,663 TEUs. The port set a monthly record in September, growing TEUs by 11.4 percent, or 42,140, for a total of 412,148 TEUs in September.
According to Cushman Wakefield, the Savannah market comprises 79 million square feet of industrial space. Another 8.7 million square feet are under construction, for an 11 percent increase in inventory. Lynch noted there is enough land permitted for private development to accommodate another 130 million square feet of distribution center space within 30 miles of the port – nearly twice the area’s current industrial space.