Monday, June 18, 2018
Business

'It takes up the whole river!' U.S. ports welcome giant ship (w/video)

SAVANNAH, Ga. — The largest cargo ship ever to visit ports on the U.S. East Coast is so long the Statue of Liberty and Washington Monument could fit end-to-end along its deck and still leave room for Big Ben.

The COSCO Development arrived Thursday at the Port of Savannah after cruising past dozens of onlookers who cheered and took photos of the mammoth vessel from Savannah's downtown riverfront. Its first East Coast voyage marks a new era for U.S. ports that, despite years spent anticipating the supersized ships, will struggle to accommodate them without major infrastructure improvements.

"It takes up the whole river!" Andrew Evans, who served as a ship's officer in the 1960s, exclaimed to his wife as the ship slowly lumbered into view, the cargo containers stacked on its deck towering above trees on the shore.

"The largest ships I was on, you could fit 10 of them on that ship," Evans said. "Maybe more."

At 1,200 feet bow-to-stern, the COSCO Development is longer than the aircraft carrier USS Gerald R. Ford. It can carry 13,000 cargo containers measuring 20 feet long apiece. That's 30 percent more capacity than the last record-breaking ship that sailed into Savannah last summer.

The big ship, flagged out of Hong Kong and owned by China-based COSCO Shipping Lines, is also the largest to pass through the Panama Canal following a major expansion last year. Its arrival on the East Coast shows shippers aren't waiting for the seaports scrambling to deepen their harbors so the larger ships can pass fully loaded at low tide.

WATCH THE VIDEO: What's four football fields long and floats on water?

The Port of Virginia, where the ship docked earlier this week, is one of only four East Coast ports with the desired 50 feet of depth at low tide. A $973 million deepening of Savannah's shipping channel started in 2015 but won't be finished for about five more years. The Port of Charleston, South Carolina, where the big ship will head next before returning to Hong Kong, plans to start its own dredging this fall.

Overall, 15 U.S. seaports on the East and Gulf coasts are seeking $4.6 billion after being authorized by Congress to make room for bigger ships. Only three of those have cleared the permit requirements needed to start digging, said Jim Walker, navigation policy director for the American Association of Port Authorities.

Meanwhile, the largest ships using the Panama Canal must carry lighter loads or wait for higher tides before calling on most U.S. ports on the East Coast.

"Maybe it's a warning shot that these U.S. ports need to get these improvements finished," Walker said. "If you're having to light-load ships for this, it costs more."

Manuel Benitez, the Panama Canal Authority's deputy administrator, said the surge in ship traffic between the U.S. East Coast and Asia has exceeded expectations since the canal opened its expanded locks last June. The authority initially thought two or three larger ships would pass through each day, he said, but the daily average has been nearly six.

The COSCO Development had to make its 39-mile (63 kilometer) trip up the Savannah River at high tide Thursday morning to ensure it would fit. Its cargo deck was about 80-percent full, said Griff Lynch, executive director of the Georgia Ports Authority.

Lynch said dockworkers using six cranes planned to load and unload about 5,600 total cargo containers — big metal boxes used to ship goods from consumer electronics to frozen chickens — from the giant ship. That's more than five times the cargo Savannah handles for a typical ship.

"It's everything we've talked about for years," Lynch said. "Now what you're going to see is one after the other. This is going to become more of the norm."

 
Comments
Private Florida firm buys Rent-A-Center in $1 billion deal

Private Florida firm buys Rent-A-Center in $1 billion deal

An Orlando private equity firm has purchased lease-to-own business Rent-A-Center in a deal valued at more than $1 billion.Vintage Capital Management put a bid in for the company on Friday: $15 per share, $1 per share above its previous offer. Rent-A-...
Updated: 8 hours ago
Report: 40 percent of Florida property will be ‘highly exposed’ to flooding

Report: 40 percent of Florida property will be ‘highly exposed’ to flooding

One of Florida’s biggest draws is also one if its biggest liabilities — its coastline. A new report projects that Florida is at the greatest risk of any state for tidal flooding caused by rising sea levels. And Tampa Bay faces some of the greatest ri...
Updated: 8 hours ago
Mazzaro’s gets ready to reopen

Mazzaro’s gets ready to reopen

day after an electrical fire broke out in its dry goods warehouse Friday night.Dominic Horwath, a grocery manager at Mazzaro’s on 22nd Ave. N, said staffers spent Monday and the weekend moving things into other warehouses.The damage from the fire at ...
Updated: 9 hours ago
Mazzaro’s market set to reopen Tuesday after blaze damaged one of its warehouses

Mazzaro’s market set to reopen Tuesday after blaze damaged one of its warehouses

ST. PETERSBURG — Mazzaro’s Italian Market is scheduled to reopen Tuesday after an electrical fire broke out its dry goods warehouse Friday night.Dominic Horwath, a grocery manager at Mazzaro’s on 22nd Avenue N said staff spent Monday and the weekend...
Updated: 12 hours ago
Developer Grady Pridgen buys St. Pete’s shuttered Edward White Hospital

Developer Grady Pridgen buys St. Pete’s shuttered Edward White Hospital

ST. PETERSBURG — Edward White Hospital, closed four years ago because of declining revenues, has been sold to developer Grady Pridgen for $2.7 million.Pridgen could not be reached Monday for comment. City officials said he has submitted plans for rem...
Published: 06/18/18

Hernando Business Digest for June 22

Business digestBrieflyHOSPITAL RECEIVES AWARD: Oak Hill Hospital in Spring Hill was the recipient of Healthgrades 2018 Patient Safety Excellence Award, a designation that recognizes superior performance of hospitals that have prevented the occurrence...
Published: 06/18/18
Pasco Business Digest for June 22

Pasco Business Digest for June 22

Business digestBrieflyHOSPITALS RECEIVE AWARD: Regional Medical Center Bayonet Point and Medical Center of Trinity were recipients of Healthgrades 2018 Patient Safety Excellence Award, a designation that recognizes superior performance of hospitals t...
Published: 06/18/18
Tampa Bay gas prices keep falling

Tampa Bay gas prices keep falling

The summer reprieve in gas prices is continuing.After flirting near the $3 mark, Tampa Bay gas prices fell another six cents a gallon over the past week to an average of $2.65 for unleaded, a wide gap with the national average of $2.91 a gallon, acco...
Published: 06/18/18
Your barista is a robot. Should it be friendly?

Your barista is a robot. Should it be friendly?

SAN FRANCISCO - The cold, steely arm of Fernando the Barista swirled the foam of my matcha latte, set it down gently, and waved goodbye from inside a glass case. San Francisco, 2018. Where you can get robot pizza and robot salad, and now, a robot mat...
Published: 06/16/18
Riverview’s commercial real estate prices rise as community booms

Riverview’s commercial real estate prices rise as community booms

RIVERVIEW — The basic economic principle of supply and demand defines Riverview’s current struggle with commercial real estate.With a lack of available affordable commercial properties and a booming population, demand currently exceeds supply in Rive...
Published: 06/15/18
Updated: 06/18/18