Earlier this month, the Port of San Diego secured a three-year ocean liner contract with European shipping conglomerate G2 Ocean. The deal ensures consistent break bulk service from Europe to San Diego, an important step for the Port as it continues to increase its cargo capacity via the redevelopment of its Tenth Avenue Marine Terminal. According to Greg Borossay, Principal Maritime Business Development at Port of San Diego, the G2 service will contribute $650 – 750k per year to Port revenue, for the next three years.
This deal is part of a larger Port effort to attract large ocean liners to San Diego in order to provide more options for local companies, most of which currently ship out of the Ports of LA and Long Beach.
To assist with these efforts, WTC San Diego executed a study at the beginning of 2018 comparing trucking rates throughout the Southwestern United States from the Ports of LA, Long Beach, and San Diego. Mr. Borossay says the study was used in discussions with G2 and other ocean liners to illustrate the overall cost savings of establishing San Diego as a port of call.