GEORGIA PORTS AUTHORITY SETS SAIL WITH 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 audiencefor 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.

 

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Georgia Ports Authority Executive Director Griff Lynch delivers live comments leading into the authority's first virtual State of the Port event, Thursday, October 22, 2020, in Garden City, Georgia. The Port of Savannah is the United States' busiest container export gateway for American-made products. (GPA Photo/Stephen B. Morton)


 

 

“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% or 19,663 TEUs. The port set a monthly record in September, growing TEUs by 11.4%, 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% 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 50 km of the port – nearly twice the area’s current industrial space.

 

In a recorded statement, Georgia Gov. Brian Kemp said private development projects delivering thousands of jobs and millions of square feet of industrial space mean the long-term outlook for Georgia’s ports is strong. “Over the past year, our nation has faced unprecedented challenges that have impacted our daily lives and our economy. We’ve had to rethink how we handle the logistics of healthcare, retail, manufacturing – and the global trade that supports these endeavors,” Kemp said. “Through it all, our ports have remained steady, keeping cargo moving, attracting investment, and building market share.”

 

Kemp said that as the nation’s top export gateway, the Port of Savannah provides the cost-effective connections Georgia farmers, manufacturers and other exporters need to compete globally.

 

During the live portion of the virtual State of the Port, Lynch announceda 1.2 million square foot facility in Bryan County to be built by medical goods provider Medline Industries. Construction is expected to be complete in late 2021, with FedEx leasing 415,000 square feet to provide e-commerce capabilities.

 

Will McKnight, chairman of the GPA board and co-host during the virtual State of the Port, said helping to bring new business to Georgia is part of GPA’s central mission – and a main reason the Authority is stepping up its capacity. “We’re making strategic expansions to ensure cargo fluidity as Savannah’s container trade increases,” McKnight said. “Our long-term infrastructure investments ensure GPA is ready when our customers are ready to grow.”

 

Ongoing infrastructure improvements include:

 

Economic development

Special guest Pat Wilson, commissioner of the Georgia Department of Economic Development, said the state has maintained powerful momentum in attracting new business. “We have more projects than we have probably ever had. Businesses are making decisions. This is not a true recession in the sense of there was a decline in need, it’s just that the world shut down,” Wilson said. “Businesses are taking this opportunity to make investments to continue to grow, and they’re planning for the future, for when we come back.”

 

In FY2020, the state of Georgia won projects bringing US$7.4 billion and 24,000 jobs, across sectors including manufacturing, logistics and technology. In Chatham, Effingham and Bryan counties alone, private investors announced more than half a billion dollars in industrial projects and more than 1,200 jobs just last fiscal year.

 

Recent economic development announcements include:

 

McKnight said by taking the State of the Port address online, GPA is able to share Savannah’s competitive advantages with a broader audience.

 

“We have been able to reach out to thousands more people than we ever have before,” McKnight said. “It’s exciting to have the opportunity to virtually bring our stakeholders and customers onto a working port.”