Georgia to deepen Savannah Harbor
Retail Editor 3 -- Home Textiles Today, April 2, 2013
Savannah, Ga. - Georgia's legislature has approved an additional $50 million for deepening the harbor port here, bringing the state's allocation for the project to $231 million.
"Deepening the Savannah Harbor from 42 to 47 feet will accommodate an increase in the number of super-sized container vessels transiting the Panama Canal after its 2015 expansion. With a deeper channel, larger and more heavily laden ships can arrive and depart with greater scheduling flexibility. These ‘post Panamax' vessels will mean lower shipping costs per container slot," the Georgia Port Authority said in an announcement.
The additional funding, requested by Georgia Gov. Nathan Deal, now awaits his signature.
Said Deal: "A deeper Savannah Harbor means greater efficiency for 21,000 U.S. companies, 75% of which are headquartered outside of Georgia. A U.S. Army Corps of Engineers study has shown that SHEP will reduce shipping costs for private companies by at least $213 million a year."
The Port of Savannah was the second busiest U.S. container port for the export of American goods by tonnage in fiscal year 2011, handling 12.5% of all U.S. containerized exports in FY2011, according to the port authority.
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