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:

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.
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.
Dockworkers at the Port of Baltimore
23 Aug 2013
The International Longshoremen’s Association reports progress on ILA local agreements in Virginia and Baltimore that remain unsettled four months after ratification of a coastwide master contract for East and Gulf Coast ports.
21 Aug 2013
The Virginia Port Authority has converted its terminal operating company, Virginia International Terminals, to a Virginia limited liability company.
20 Aug 2013
International Longshoremen’s Association President Harold Daggett and other ILA officials met with employer representatives Tuesday in an effort to reach agreement on a local contract covering about 1,650 dockworkers in the Port of Virginia.
13 Aug 2013
The Port of Virginia is experiencing an influx of rail cargo at Norfolk International Terminals and APM Terminals in Portsmouth as a result of peak season volume...
VPA announces Wassmer is the new chairman of its board of commissioners’ chairman.
01 Aug 2013
The Virginia Port Authority has named Jeffrey D. Wassmer chairman of its board of commissioners.