Key cargos perform well as port continues to be ‘open for business’.
The Maryland Port Administration announced that 2015 was a strong year for key targeted commodities at the Helen Delich Bentley Port of Baltimore’s public marine terminals. A record number of containers and imported autos were handled while other cargos experienced very good years as approximately 9.6 million tons of general cargo crossed Baltimore’s docks, nearly matching last year’s record of 9.7. Also, for the fifth consecutive year, more autos crossed the Port of Baltimore’s piers than at any other US port. Last year also saw the Port of Baltimore named as the most efficient port in the nation.
“The Port of Baltimore is one of the nation’s busiest ports, as well as one of Maryland’s leading economic engines,” said Governor Larry Hogan. “In addition to welcoming the world’s largest container shipping company and signing another giant to a long-term contract, over the last year, the Port set numerous records proving again that Maryland is truly open for business.”
The Port of Baltimore was named the most efficient port in the US by an independent analysis conducted by the Journal of Commerce during the first six months of 2015. The Port averaged 75 container moves per hour per berth, a rate faster than all major American ports.
Last year, the Port also began receiving Maersk Line, the world’s container shipping company. Maersk now operates three weekly container services with the Mediterranean Shipping Company involving the Port of Baltimore. The Port was also successful in signing global shipping and logistics giant Wallenius Wilhelmsen Logistics (WWL) to a new 30-year contract. WWL has played a large role in helping the Port of Baltimore develop into the number one auto and roll on/roll off (farm and construction machinery) port in the nation.
Combining both the public and private marine terminals, the Port of Baltimore saw 32.4 million tons of international cargo cross its docks last year which was valued at approximately $51.1 billion. Baltimore is ranked as the top port among all US ports for handling autos and light trucks, farm and construction machinery, imported gypsum, imported sugar, and imported aluminum. Baltimore is ranked second for exported coal. Baltimore’s coal exports were up 10% in 2015 which made it the only major coal port in the US to have an increase in coal exports. Overall Baltimore is ranked ninth for the total dollar value of cargo and 13th for cargo tonnage for all US ports.
Business at the Port of Baltimore generates about 13,650 direct jobs, while more than 127,000 jobs in Maryland are linked to port activities. The Port is responsible for nearly $3 billion in personal wages and salary and more than $310 million in state and local tax revenues.