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  • 2015 September 12 11:15

    Port of Virginia container volume up to 220,069 TEU in August 2015

    August’s TEU volume of 220,069 units helped to push the port into its sixth consecutive month of TEU volumes exceeding 210,000 units.

    The TEU increase for the month was 2.7 percent above August 2014. During August, truck volume was up .3 percent; rail volume up 3 percent; container volume at Virginia Inland Port up 27 percent; and vehicle units up 94 percent vs. prior year (all categories).

    “We are entering the peak of the retail season and we are handling the volume with greater efficiency and consistency than we did at this time last year,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority. “We set a record for volume in 2014 (2.5 million TEUs) and we anticipate we’ll set a new mark in calendar year 2015. We have had some difficult moments and continue to face challenges, but each month we continue to get better at handling these increasing monthly volumes.”

    Two-thirds of the way through 2015, The Port of Virginia’s TEU volume is 9 percent – 141,000 TEUs – ahead of where it was at the same point last year. On a calendar-year comparison basis, the port grew in both truck and rail volumes, 10 percent and 8 percent, respectively. Moreover, vehicle units were up 60 percent when compared with the same period last year.

    “The strategy of investing in people, technology and cargo conveyance equipment that we implemented last year is beginning to show returns,” Reinhart said. “Now our efforts will be to continue to reinvest in all of our areas of operation, make the necessary changes to improve delivery of service, create sustainability and maintain profitability. We are in the early stages of executing a long-term plan to assure those things happen.”

    Reinhart estimates that it will take an investment of at least $2 billion over the course of the next decade to provide the necessary infrastructure to increase capacity, remain competitive with its US East Coast peers, cultivate reasonable, sustained growth and contribute to economic development within the Commonwealth.

    In May, the Virginia Port Authority Board of Commissioners approved a $135 million capital spending plan and in doing so kick-started the capital reinvestment process. The budget is centered on investing in people, technology, container handling equipment and reinvestment in facilities.

    The port started work on the first of those capital projects in July, when it broke ground on the expansion of the North Gate at Norfolk International Terminals, a project that will tie-in to I-564 Intermodal Connector project. Combined, the projects will increase truck velocity through NIT’s north gate, remove a significant amount of daily truck traffic from Norfolk city streets and provide motor carriers with direct, safe access to Interstate 564.




2021 December 2

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17:54 Icebreaker assistance season starts in Big Port St. Petersburg on December 7
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17:15 BIMCO launches new contract for employment of security escort vessels
16:45 GTT will design the tanks of four new LNG carriers ordered by Daewoo Shipbuilding & Marine Engineering to operate in Arctic waters
16:25 MOL announces delivery of next-generation coal carrier 'EeneX' series
16:05 PSA & ONE launch environmentally friendly barge service at Jurong Island Terminal
15:42 “K” Line conducts trial use of marine biofuel for decarbonization on car carrier
15:38 Wärtsilä wins order to supply cargo handling system for second LNG bunker vessel being built by Fincantieri Bay Shipbuilding
15:23 Verifavia launches industry’s first real-time carbon intensity indicator dashboard
14:55 Two more LK-60 icebreakers needed for regular year-round navigation on Northern Sea Route
14:28 Equinor and SSE reach financial close on the third phase of the world's biggest offshore wind farm
14:04 Nuclear-powered icebreaker Sibir to commence operation in Kara Sea in early January 2022 – Vyacheslav Ruksha
13:42 MABUX: Bunker Weekly Outlook, Week 48, 2021
13:02 European shipowners call for further action in the Gulf of Guinea
12:40 Rolls-Royce to supply eight mtu engines for new Svitzer tugs in Brazil
12:01 Throughput of Azov port in 11M’2021 climbed by 1% YoY
12:00 NORDEN simplifies business unit structure
11:36 Norway’s Eksfin tops NOK 10bn in offshore wind financing as Dogger Bank C reaches financial close
11:34 Annual throughput of Severnaya Zvezda project on Taimyr peninsula to exceed 7 million tonnes from 2026
11:10 MABUX: Uncertainty on Global bunker market to continue on Dec 02
10:00 Digital Twin Conference 2022 to be held virtually on 11-12 May 2022
09:33 Crude oil prices are rising in expectation of OPEC+ meeting
09:19 Baltic Dry Index as of December 1

2021 December 1

19:15 PortNews to hold Ship Repair, Modernization and Components Conference on 20 September 2022 in Saint-Petersburg
18:31 DP World celebrates 2,000 members of the Digital Freight Alliance
18:07 CMA CGM and Shell perform first Bio-LNG bunkering operation in Rotterdam
17:42 8 new fuel-efficient ships to join the X-Press Feeders fleet
17:26 Danish Smyril Lines Cargo starts second service between Iceland, the Faroe Islands and Rotterdam
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16:47 Western Australia and Port of Rotterdam to collaborate on renewable hydrogen
16:05 IMO moves ahead on GHG emissions, Black Carbon and marine litter
15:50 Diana Shipping announces completion of OceanPal spin-off
15:41 RF Federation Council approves Federal Law on Ratification of Nairobi Convention
15:04 Yang Ming adds the latest of its 9th 11,000 TEU ship to the Trans-Pacific service
14:07 SEA-LNG backs Europe’s goal-based, technology-neutral regulation for cleaner shipping
13:50 Liepaja SEZ Board appointed Uldis Hmieļevskis, Deputy CEO, as Acting Manager
13:14 Rolls-Royce extends TBO intervals of mtu Series 4000 engines for commercial marine application
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12:56 Valenciaport tenders the drafting of the urban development project for areas 2 and 5 of the Special Plan for zone 1 south of the Port of València
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10:49 Russian Railways' network loading climbed by 3.3% in 11M’2021
10:15 Maersk Customs Services USA highlights trends and opportunities for U.S. importers
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2021 November 30

18:35 ICS urges WTO Director General to prioritise maritime transport in multilateral trade negotiations
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17:04 DNV supports world first large-scale testing of submerged CO2 pipelines
16:48 RF Navy’s large anti-submarine ship Vice Admiral Kulakov enters Barents Sea
16:34 Brittany Ferries takes delivery of Salamanca
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15:39 Abbey Heimensen appointed to VP of Marketing, MarineMax
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