The US Port of Savannah is expanding capacity to handle more larger containerships under a plan unveiled by the Georgia Port Authority (GPA).
Specifically, the port aims to be handle six 14,000-teu vessels simultaneously by 2024 versus the current capacity to handle just two.
“The container shipping industry continues to move toward larger vessels to achieve economies of scale and the PGA investment positions the ports to maintain or even take market share over the coming years,” said Deutsche Bank shipping analyst Amit Mehrotra.
