Published on: Jul. 27, 2023
Savannah Captures Highest Container Market Share in 2023

At more than 723,500 units, Georgia Ports Authority (GPA) handled record Roll-on/Roll-off (Ro/Ro) volumes in 2023. This marks an 185% increase of nearly 109,000 units over the previous year. Besides the expansion of existing business, GPA also added Nissan as a Brunswick customer in FY2023. Colonel’s Island Terminal now handles Nissan imports from Japan and Mexico.

A total of 5.4 million twenty-foot equivalent container units crossed GPA docks in FY2023, down 6.7 percent or 387,000 TEUs compared to FY2022, GPA’s all-time high. However, compared to pre-pandemic volumes of 4.5 million TEUs in FY2019, GPA’s performance increased by 20 percent. Its compound annual growth rate since FY2019 is 4.7 percent per year. GPA is investing $1.9 billion in infrastructure projects to prepare for future demand. Enhancements include renovations to Berth 1 at Garden City Terminal, increasing berth capacity there by 25 percent. An improved Berth 1 reopened to vessel service July 20, providing faster turn times for ocean carriers.

To read about the latest developments surrounding the Georgia Ports Authority and hear remarks from GPA President/CEO Griff Lynch, please click here.

Source: Georgia Ports Authority 

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