Port of Virginia

Port of Virginia

Established in 1952, the Virginia Port Authority owns and is responsible for the operations of the Port of Virginia — three marine terminals: Norfolk International Terminals, Portsmouth Marine Terminal and Newport News Marine Terminal, as well as the Virginia Inland Port, an inland intermodal facility located in Front Royal. Subsidiary Virginia International Terminals was incorporated in 1981 to operate the terminals owned by VPA.

Virginia’s ports came in No. 6 in JOC’s ranking of the Top 25 North American container ports for 2012, with a market share of 4.3 percent, as they benefited from double-digit growth in container volumes. The Port of Virginia hopes to benefit from its ability to handle post-Panamax vessels — one of just two ports on the U.S. East Coast that can do so at present.

VPA and VIT are in the midst of a restructuring after the VPA’s board of commissioners rejected proposals to privatize operations at its container terminals. Development is also continuing apace, with a new container terminal at Craney Island, near Portsmouth, under construction.

In a recent video, JOC Associate Editor Mark Szakonyi discusses what the Port of Virginia is doing to enhance its competitive position:

21 Aug 2014
The Virginia Port Authority today 
The port had a total throughput of 2.3 million laden 20-foot containers from July 2013 through June 2014
19 Aug 2014
The Port of Virginia's operating loss expanded to more than $17 million for the fiscal year that ended June 30.
Arrival delays increased at the four U.S. East Coast ports studied by CargoSmart
14 Aug 2014
The top four ports on the U.S. East Coast saw delays in both arrivals and berth times in June, partially because of a surge in traffic from cargo diversions to East Coast during peak season.
Bremerhaven
06 Aug 2014
The U.S. ocean container trade via European ports, including transshipments, increased 3.8 percent year-over-year to 4.6 million laden 20-foot-equivalent units in the 12 months ending March 2014, according to PIERS, the data division of JOC Group.
The fastest-growing U.S. port in terms of containerized imports in the first half of 2014 was the Port of Savannah.
05 Aug 2014
Marginal changes in container imports market share show U.S. East Coast ports slowly took business away from their West Coast competition in the first half of 2014.
Images for weekly wrap-up
26 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association met for three days this past week without concluding negotiations; at the weekend, the parties announced a week-long recess in the talks. German carrier Hamburg Süd announced plans to acquire the container operations of Chile’s CCNI, in a move resembling the deal between larger competitor Hapag-Lloyd and Chile’s CSAV, and Crowley is reported to be in talks to acquire Horizon Lines’ Puerto Rico assets. Earnings reports by U.S. truckload carriers are pointing to a stronger freight recovery in the United States, though rail service continues to be held back. And on Friday, Anne S. Ferro announced her departure from the Federal Motor Carrier Safety Administration after five years leading the agency.
APM Terminals, Port of Virginia
22 Jul 2014
An infrastructure investment group and a British pension fund have agreed to acquire APM Terminals’ semi-automated container terminal at the Port of Virginia for an undisclosed price.
11 Jul 2014
Container volume through the Port of Virginia rose 6.5 percent as the port handled more than 2.3 million 20-foot-equivalent units, a new record, during its just-ended fiscal year.
04 Jul 2014
Hurricane Arthur appears to have had little impact on the U.S.
03 Jul 2014
U.S. surface transportation providers, ranging from railroads to trucking companies, are preparing for the approaching Hurricane Arthur.
02 Jul 2014
A tropical storm moving up the U.S. East Coast threatens to complicate cargo movement by disrupting vessel schedules at ports already facing a July 4 holiday interruption.
23 Jun 2014
The Port of Virginia has launched its Navis N4 terminal operating system at Norfolk International Terminals two weeks ahead of the scheduled July 4 start date.