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Monday, February 24, 2020

Maritime Logistics Professional

Posted by January 24, 2020

2019 Shipping Grows for Port of Green Bay

© Henry / Adobe Stock

© Henry / Adobe Stock

Port of Green Bay reports continued growth in 2019.

The 2019 shipping totals were the highest since 2007 during a period that saw the highest tonnage in the past 30 years; 2006 saw 2.55 million tons shipped through the port. The common denominator during both periods of time is a robust economy. The recently-concluded shipping season saw 2,254,674 tons of cargo move through the Port, an 8% increase over the previous season.

“It is interesting how the port has changed since the 2006 and 2007 shipping seasons that saw 2.32 million tons and 2.55 million tons moved,” said Dean Haen, Port of Green Bay Director. At that time the economy was also cooking along. In 2007, the port saw more than 1 million tons of coal moved. In 2019, with the low cost of natural gas, manufacturers and others have moved away from coal and coal shipments have shrunk to 407,000 tons a decrease of 62%.” In 2007, the port was also moving fuel oil, tallow, liquid asphalt and pig iron.

Haen says the changes in 2019 that contributed to the high tonnage include the import and export of petroleum products (gasoline, diesel and ethanol) that was not occurring in 2007. This is due to the closure of the West Shore pipeline and U.S. Venture’s original interest in exporting petroleum products to the east coast of North America. With the pipeline closure, the region is fortunate U.S. Venture built their Port facility. U.S. Venture continues exporting Wisconsin-made ethanol to the east coast, but they have switched from exporting to importing diesel and gasoline by ship to meet the regional demand. The low cost of moving goods by ship is keeping regional fuel costs lower than it would be otherwise if petroleum products were only moved by truck and train.

Haen notes that the economy was as good in 2006-2007 as it is in 2018-2019. During both time periods, wood products (lumber, wood pulp, wetlap and others) moved by water into the region. In between these periods no wood products were shipped through the Port. There is a clear indication that shipments of wood products through the Port of Green Bay occur when the economy is doing well.

When comparing 2019 against 2018, shipment of petroleum products and limestone continued to be strong in 2019. Domestic petroleum product imports increased 55% over 2018 to 132,630 tons, while foreign imports of petroleum products were up 135% to 94,167 tons. Exports of petroleum products also increased significantly last year.

As for limestone, total domestic imports topped 608,000 tons (up 60%), while foreign imports of limestone reached nearly 75,000 tons (up 135%). Foreign salt imports were also strong during the 2019 shipping season, reaching 391,753 tons (up 42%).

Due to the high Great Lakes water levels, a total of 177 vessels moved through the Port of Green Bay this shipping season, three vessels shy of the total from a year ago.

Dean HaenEast Coastfuel oil