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 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.
Port of Virginia
11 Dec 2013
To the extent the ports of Virginia and New York-New Jersey view each other as competitors — and they surely do — 2013 will show Virginia in the win column.
Cranes at the Port of Virginia
18 Nov 2013
The Port of Virginia handled 206,597 TEUs in October, jumping 17.8 percent year-over-year and surpassing the single-month record for TEUs that was just set in July...
31 Oct 2013
The Port of Virginia’s long search for a new executive director and chief executive officer came to an end today with the appointment of John Reinhart to that position.
Container yard at the Port of Virginia.
22 Oct 2013
The Port of Virginia handled more than 185,185 TEUs in September, putting the port’s year-to-date volume growth at 6.3 percent.
A vessel docked at the Port of Virginia.
19 Sep 2013
The Port of Virginia handled 198,329 20-foot-equivalent units in August, putting it among the top 5 all-time most productive months, in terms of TEUs handled, in the port’s history.
North American East Coast Regional Market Shares. Source: Individual Ports
13 Sep 2013
Northeast U.S. ports saw their share of container traffic in the second quarter of 2013 dip 1.5 percentage points year-over-year among major ports on the east coast of the U.S. and Canada. Mid-Atlantic and Southeastern U.S. ports, as well as Canadian east coast ports, all picked up a piece of the share during the past year, data from the individual ports indicate.
13 Sep 2013
Hapag-Lloyd will begin offering weekly service to Saint John, New Brunswick, Canada.
03 Sep 2013
The Port of Virginia handled 205,137 20-foot-equivalent units in July, rising 13.7 percent compared with July 2012 and setting a new record for single-month cargo volume.
Port of Virginia
03 Sep 2013
International Longshoremen’s Association members in Hampton Roads voted 738-284 to ratify a six-year local contract, the ILA said. Dockworkers in the port had twice voted down previous proposals.