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.
18 Apr 2014
Virginia Gov. Terry McAuliffe said APM Terminals wants to sell the semi-automated container terminal it now leases to the Virginia Port Authority.
17 Apr 2014
The Virginia Port Authority’s board underwent its second shakeup in less than three years today when Gov. Terry McAuliffe replaced five of the board’s 11 appointed members, saying he wanted to reverse the port’s financial losses.
09 Apr 2014
Virginia Gov. Terry McAuliffe said the state port authority’s operating losses must end, and that he plans “some very substantial changes” to the port board and wants to renegotiate its 20-year lease of APM Terminals’ Portsmouth facility.
04 Apr 2014
The Virginia Port Authority listed a series of steps it is taking to ease cargo and truck delays while the port and its users seek long-term answers to challenges of rising volumes, larger ships, and spikes in demand at container terminals.
04 Apr 2014
The Port of Virginia said part of its Portsmouth Marine Terminal, which was closed in 2011, will return to service as a staging area for automobiles that will be exported to China.
Thumbnail of Drayage Flashpoints graphic
31 Mar 2014
With the spring retail season at hand, the U.S. economy showing signs of accelerating and the import peak season six months away, there’s growing concern that shippers and their supply chains will feel the impact unless systemic problems with how containers flow from ships through ports to inland destinations are addressed.
Port of Halifax, Nova Scotia.
26 Mar 2014
The volume of all containers handled by U.S. and Canadian East Coast ports in the fourth quarter of 2013 increased by 4.4 percent year-over-year to 4.2 million 20-foot-equivalent units, according to port-published data collected by the JOC.
Port of Virginia
14 Mar 2014
The Port of Virginia said repeated snow storms and the subsequent congestion and lost work days in February resulted in continued operating losses and affected container traffic...
Port of Seattle
27 Feb 2014
The ports of Seattle and Tacoma saw year-over-year drops in container volumes in January, while the Port of Virginia recorded a 5.4 percent gain...
24 Feb 2014
Port drayage operators in Virginia are complaining about congestion and slow turn times at at Hampton Roads container terminals.
21 Feb 2014
Some port drayage companies in the Port of New York and New Jersey have begun imposing congestion surcharges following weeks of delays at container terminals.