Georgia Ports Authority orders 10 more Konecranes RTGs

Georgia Ports Authority orders 10 more Konecranes RTGs

The Board of the Georgia Ports Authority (GPA) has approved the purchase of 10 additional Konecranes Rubber Tired Gantry (RTG) cranes. This will bring the fleet at Garden City Terminal, Port of Savannah, to 156 Konecranes RTGs. The Port of Savannah had a record April in which 356,700 twenty-foot equivalent container units (TEU) were moved, an increase of 7.1% over April of last year.

"We’re on track to move more than 300,000 TEUs in every month of the fiscal year, which will be a first for the Authority,” said GPA Executive Director Griff Lynch. "We’re also anticipating this to be the first fiscal year for the Port of Savannah to handle more than 4 million TEUs,” continued Lynch. As the fastest growing container port in the USA, the Port of Savannah has achieved a compound annual growth rate of more than 5% a year over the past decade.  

The new cranes will handle containers in three new container rows that will increase annual capacity at the Port of Savannah by 150,000 TEUs. The RTGs will work over stacks that are five containers high and six deep, with a truck lane running alongside the stacks. Capable of running on electricity with cable-reel readiness, the cranes will have a lifting capacity of 50 metric tons. The cranes will be delivered in two batches of five in the first and second quarters of 2019.

"It has been tremendously satisfying over the years to witness the growth and success of the Port of Savannah,” said Tuomas Saastamoinen, Senior Vice President, Sales & Marketing, Konecranes Port Solutions. "I hope and believe that the GPA will break the 4 million TEU threshold this fiscal year (July 1, 2017-June 30, 2018), as anticipated. The new Konecranes RTGs will be part of this continuing success story.” 

Further information:
Media
Tuomas Saastamoinen, Senior Vice President Sales & Marketing, Port Solutions, Konecranes
E-mail: tuomas.saastamoinen@konecranes.com
or phone +358 40 516 8562

Investors:
Eero Tuulos, Vice President Investor Relations, Konecranes
Email: eero.tuulos@konecranes.com or phone: +358 20 427 2050

Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. In 2017, Group sales totaled EUR 3,136 million. The Group has 16,200 employees at 600 locations in 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).

Attachment

• Konecranes contract signing