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Released August 28, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Amid varying levels of shipping containers moving through cargo ports across the U.S., Industrial Info is tracking $25.5 billion worth of active projects at U.S. cargo ports, about 75% of which is attributed to grassroot and expansion projects.
The ports of Los Angeles and Long Beach, which handle about 40% of all cargo containers entering the U.S., saw their July container activity drop 27% and 26.4% year-over-year, respectively, due to a variety of factors. In a related press release, Port of Los Angeles Executive Director Gene Seroka said, "Global trade has eased as warehouse inventories of retailers and manufacturers remain elevated." The Port of Long Beach also cited full warehouses, along with adjusted trade routes and a shift in consumer spending to travel, entertainment and other experiences.
Still, Industrial Info is tracking $1.1 billion in active projects at the two ports, most of which is attributed to the multi-phase construction of Long Beach's new Pier B On-Dock Rail Support Facility, which is intended to double the port's capacity to handle cargo by train. The entire facility is expected to be completed by 2032. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here to read related project reports.
Meanwhile, Georgia Ports Authority's (GPA) 447,590 twenty-foot equivalent container units (TEUs) handled in July was up 17% from the 381,825 TEUs in June, largely due to the reopening of a container berth at the Garden City Terminal at the Port of Savannah. The GPA accounts for about $7.7 billion in active project activity, including the construction of another cargo terminal nearby: the proposed $5 billion Jasper Ocean Terminal, a joint venture between the Georgia Ports Authority (GPA) and South Carolina Ports Authority (SCPA), to be built along the Savannah River. The container terminal would provide deepwater access for the Port of Savannah and feature a capacity of 7 million TEUs to increase cargo handling capacity for both states. The project entails constructing a pile-supported wharf to accommodate approximately eight Neo-Panamax (14,000 to 20,000 TEU containerships), a container storage yard, gate facilities to process entering and exiting over-the-road trucks, administrative buildings and equipment service facilities. The project is in the planning phase, where plenty of factors could alter, delay or diminish the proposed investment. Click here for the project report.
Active grassroot port projects being tracked by Industrial Info account for $8.3 billion in investment value, through only four projects, but expansions lead the charge with nearly $11 billion across 71 projects.
Click on the image at right for a chart showing active U.S. cargo port projects, by the top five project types.
Along the Gulf Coast, in Alabama, a $365.7 million expansion of the ship channel at the Port of Mobile is underway. The project will enable the port to stay competitive as larger cargo ships become more prevalent and, among other efforts, entails enlarging the existing 45-foot-deep and 400-foot-wide channel, widening the bay channel from 400 feet to 500 feet and expanding a turning basin. The project is expected to wrap up in 2025.
Also underway is the $225 million expansion of the Norfolk International Terminals (NIT) at the Port of Virginia. The project, which is expected to wrap up next year, involves expanding a shipping channel from 50 feet to 55 feet and performing infrastructure modifications to enable large ships to move in two directions in and out of the port. Subscribers can read detailed reports on the Port of Mobile and Port of Virginia projects. The U.S. Army Corps of Engineers is acting as a consultant to both projects.
The largest cargo port expansion project in development being tracked by Industrial Info is a proposed $1.8 billion expansion of a container terminal and distribution center at the Port of New Orleans, Louisiana. The expansion would be built on a 675-acre tract of undeveloped land, 15 miles from the existing Napolean Avenue Container Terminal, and aims to boost the port's handling capacity. At full build-out, the new terminal would be able to handle 2 million TEUs annually. A subsidiary of engineering and design-build firm AECOM (NYSE:ACM) (Los Angeles, California) is acting as a design consultant. Construction is planned to begin in 2025, with the first berth planned to open in 2028. For more information, see Industrial Info's project report.
Subscribers to Industrial Info's GMI project and plant databases can click here for a full list of detailed reports for projects mentioned in this article and here for a full list of related profiles.
Subscribers can click here for a full list of detailed reports for active cargo port projects in the U.S.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
The ports of Los Angeles and Long Beach, which handle about 40% of all cargo containers entering the U.S., saw their July container activity drop 27% and 26.4% year-over-year, respectively, due to a variety of factors. In a related press release, Port of Los Angeles Executive Director Gene Seroka said, "Global trade has eased as warehouse inventories of retailers and manufacturers remain elevated." The Port of Long Beach also cited full warehouses, along with adjusted trade routes and a shift in consumer spending to travel, entertainment and other experiences.
Still, Industrial Info is tracking $1.1 billion in active projects at the two ports, most of which is attributed to the multi-phase construction of Long Beach's new Pier B On-Dock Rail Support Facility, which is intended to double the port's capacity to handle cargo by train. The entire facility is expected to be completed by 2032. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here to read related project reports.
Meanwhile, Georgia Ports Authority's (GPA) 447,590 twenty-foot equivalent container units (TEUs) handled in July was up 17% from the 381,825 TEUs in June, largely due to the reopening of a container berth at the Garden City Terminal at the Port of Savannah. The GPA accounts for about $7.7 billion in active project activity, including the construction of another cargo terminal nearby: the proposed $5 billion Jasper Ocean Terminal, a joint venture between the Georgia Ports Authority (GPA) and South Carolina Ports Authority (SCPA), to be built along the Savannah River. The container terminal would provide deepwater access for the Port of Savannah and feature a capacity of 7 million TEUs to increase cargo handling capacity for both states. The project entails constructing a pile-supported wharf to accommodate approximately eight Neo-Panamax (14,000 to 20,000 TEU containerships), a container storage yard, gate facilities to process entering and exiting over-the-road trucks, administrative buildings and equipment service facilities. The project is in the planning phase, where plenty of factors could alter, delay or diminish the proposed investment. Click here for the project report.
Active grassroot port projects being tracked by Industrial Info account for $8.3 billion in investment value, through only four projects, but expansions lead the charge with nearly $11 billion across 71 projects.
Click on the image at right for a chart showing active U.S. cargo port projects, by the top five project types.Along the Gulf Coast, in Alabama, a $365.7 million expansion of the ship channel at the Port of Mobile is underway. The project will enable the port to stay competitive as larger cargo ships become more prevalent and, among other efforts, entails enlarging the existing 45-foot-deep and 400-foot-wide channel, widening the bay channel from 400 feet to 500 feet and expanding a turning basin. The project is expected to wrap up in 2025.
Also underway is the $225 million expansion of the Norfolk International Terminals (NIT) at the Port of Virginia. The project, which is expected to wrap up next year, involves expanding a shipping channel from 50 feet to 55 feet and performing infrastructure modifications to enable large ships to move in two directions in and out of the port. Subscribers can read detailed reports on the Port of Mobile and Port of Virginia projects. The U.S. Army Corps of Engineers is acting as a consultant to both projects.
The largest cargo port expansion project in development being tracked by Industrial Info is a proposed $1.8 billion expansion of a container terminal and distribution center at the Port of New Orleans, Louisiana. The expansion would be built on a 675-acre tract of undeveloped land, 15 miles from the existing Napolean Avenue Container Terminal, and aims to boost the port's handling capacity. At full build-out, the new terminal would be able to handle 2 million TEUs annually. A subsidiary of engineering and design-build firm AECOM (NYSE:ACM) (Los Angeles, California) is acting as a design consultant. Construction is planned to begin in 2025, with the first berth planned to open in 2028. For more information, see Industrial Info's project report.
Subscribers to Industrial Info's GMI project and plant databases can click here for a full list of detailed reports for projects mentioned in this article and here for a full list of related profiles.
Subscribers can click here for a full list of detailed reports for active cargo port projects in the U.S.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
