Large Bank Supervision Forum 2023

N/S and East-Coast Ports: NY & GA just overtook LA/LB

Port of Savannah Sets All-Time Record in May as Cargo Surge Continues Mike Schuler June 15, 2022

SAVANNAH, Ga., October 13, 2022 – The Georgia Ports Authority handled more than 1.5 million twenty-foot equivalent container units in the first quarter of Fiscal Year 2023 (July September), an increase of 135,000 TEUs, or 9.6 percent over the same period last year. “A high number of ad hoc vessel calls, the addition of three new Mediterranean services, and one new service to Asia contributed to the growth,” said GPA Executive Director Griff Lynch. “Additionally, our regular services have been arriving with significantly more cargo destined for Savannah.” Port of Savannah handles 1.5M TEUs in first quarter - Georgia Ports Authority (gaports.com)

The Georgia Ports Authority reported Wednesday that Savannah moved an all ‐ time high 519,390 TEU in May, breaking the previous record of 504,350 TEUs set in October 2021. May volumes grew by 8.5 percent, or 40,770 TEUs, compared to the same month last year. “Despite global supply chain challenges, the Port of Savannah continues to be an economic driver , providing reliable, world ‐ class service for port customers across our state and nation,” said Georgia Gov. Brian Kemp. GPA Executive Director Griff Lynch noted Garden City Terminal is handling more business during the current influx of trade than during the previous spike experienced last fall. The additional trade is driven in part by vessels diverting to Savannah from other East and West Coast ports, the GPA said. “Strong consumer demand continues to drive higher volumes at the Port of Savannah,” Lynch said. “The infrastructure improvements and pop ‐ up yards approved by the GPA Board have enabled our operations to maintain the flow of cargo across our terminal, despite unprecedented container volumes passing through the port.”

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https://gcaptain.com/port-of-savannah-sets-all-time-record-in-may-as-cargo-surge-continues/

The Shift away from LA/LB ports to the Gulf & East Coast Ports is well underway

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