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:

16 Oct 2014
The Port of Virginia’s container traffic exceeded the 200,000-TEU mark for the fifth month in a row in September, despite ongoing drayage congestion.
Ships at port
02 Oct 2014
Low ocean carrier rates are to blame for much of the congestion afflicting U.S. container ports, several ocean carriers and terminal operators said at a Federal MaritimeCommission hearing this week.
22 Sep 2014
Joseph P. Ruddy has been appointed chief innovation officer at the Port of Virginia, and Shawn Tibbets will succeed him as chief operations officer.
2014 TIGER Grants
21 Sep 2014
U.S. ports are under increasing pressure to modernize their facilities to handle larger vessels and keep their existing infrastructure up to par. Fortunately, for some ports, Uncle Sam is giving them a boost via Transportation Investment Generating Economic Recovery (TIGER) program.
16 Sep 2014
The Port of Virginia made strides toward financial stability in August, on the back of volume growth that topped 8 percent.
10 Sep 2014
A $20 million federal grant will help the Port of Seattle extend upgrade equipment to handle two post-Panamax vessels at once.
Vehicles in ro-ro carrier
31 Aug 2014
North American vehicle production is on the rise amid strong demand for vehicles in the NAFTA countries and foreign markets.
28 Aug 2014
The number of containers moving through major North American ports was up over 4 percent in the first half of 2014, port statistics show.
25 Aug 2014
The market for container terminals in the U.S. is being helped by cheap prices, low risk, and the advent of automation, according to the latest newsletter from industry analyst Drewry Maritime Research.
APM Terminal in Portsmouth, Virginia, now sold to investment group
25 Aug 2014
APM Terminals has completed the sale of its semi-automated terminal at Portsmouth, Virginia, to an investment group that will continue to lease the facility to the Virginia Port Authority.
21 Aug 2014
The Virginia Port Authority today said it’s on its way to profitability after kicking off its new fiscal year with a “solid start,” following a loss in the previous fiscal year.
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.