Big news in the ocean freight business.

South Carolina Governor Mark Sanford and Georgia Governor Sonny Perdue announce intention to develop a jointly run port facility in Jasper, SC.

Modelled on the Ports of New York and New Jersey, the new port facility would share responsibility and funding on a bi-state basis serving the southeastern US.

This is huge news as ocean vessels continue to get larger. Savannah, Georgias primary commercial deep water port, is limited in capacity by Savannah River, on which it sits. The new port would be capable of handling increased capacity container ships and as a green field project, potentially attract co-located commercial distribution centers.