• 2018 January 11 10:01

    Port of Virginia sets new annual volume record in 2017

    The Port of Virginia set a new annual record for container cargo volume having handled more than 2.84 million twenty-foot equivalent units, or TEUs, a 7 percent increase over last year’s total, the company said in its press release.

    In 2017, loaded import and export volumes were up 8.6 percent and about 1 percent, respectively, over the prior year. The port saw increases in TEUs, truck volume, rail volume and total volume at Richmond Marine Terminal (RMT), the port’s growing barge terminal on the James River. Further, the port saw the number of new import vehicles (cars) at Newport News Marine Terminal jump 22.5 percent.

    “In 2017, we moved 185,000 more TEUs than we did in 2016, which until now, was our highest volume year on record,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority. “For calendar 2017, we had a perfect streak with every month setting a new month-record, bringing us to a new annual record and did this while undertaking the largest infrastructure project in the port’s history.

    “The growth is significant – 15,442 TEUs a month, on average – and we have responded with improved throughput and safety in all facets of the operation. With this level of growth, we are truly solidifying our position as the Mid-Atlantic’s global gateway.”

    The number of ships calling Virginia dropped by 9 percent in 2017. Fewer ships, but bigger in size with increasing cargo loads is a trend that was expected and one that will continue, Reinhart said. The increasing vessel sizes are the driver of the terminal expansion projects and larger effort to dredge the Norfolk Harbor to 55 feet and widen its in- and out-bound commercial navigation channels.

    “In 2018 we will continue on our forward trajectory. Our focus now is the expansion of Norfolk International Terminals (NIT), taking delivery of the first group of rail-mounted gantry cranes later this month and then bringing the first new stacks at Virginia International Gateway (VIG) online in April. We are moving forward on our wider, deeper, safer initiative that will make the Norfolk Harbor the U.S. East Coast’s deepest and safest harbor. The Port of Virginia brand and its reputation as a world-class port are growing.”

    Reinhart also noted that the port is a significant driver of economic investment and jobs throughout the Commonwealth. In 2017, the port was instrumental in helping to generate 5,525 jobs and the development of 3.37 million square feet of space that had a total investment value of $1.02 billion.

    “The accomplishments of 2017 are a real tribute to our team and our port partners,” Reinhart said. “As our expansion unfolds, we are operating in a period of transition. We are aware of the risks and are undertaking the necessary planning to maintain our service levels with an emphasis on safety. We know we can always improve and continue to do those things that make us a sustainable business and grow The Port of Virginia.”

    December is the half-way mark in fiscal year 2018 and thus far TEU volumes are 1,456,234 TEUs, which is an increase of 5.7 percent when compared with the same period last fiscal year; gate volumes were 514,097 moves, up 9 percent; and loaded imports and exports are up 8.4 percent and 5.7 percent, respectively.

    The calendar year was completed with December’s TEU volumes of 237,525 TEUs, an increase of 3.4 percent when compared with last December. Also in December, rail volume was up nearly 4 percent; RMT volume up 5 percent; motor-carrier volume up 3.5 percent; and breakbulk tonnage up 5.6 percent.

    The Virginia Port Authority (VPA) is a political subdivision of the Commonwealth of Virginia. The VPA owns and through its private operating subsidiary, Virginia International Terminals, LLC (VIT), operates four general cargo facilities Norfolk International Terminals, Portsmouth Marine Terminal, Newport News Marine Terminal and the Virginia Inland Port in Warren County. The VPA leases Virginia International Gateway and Richmond Marine Terminal. In fiscal year 2013, The Port of Virginia provided more than 530,000 jobs and generated $88.4 billion in total economic impact throughout the Commonwealth.




2018 April 19

14:33 Maersk delivers new block train solution on Standard Gauge Railway
14:11 Global bunker market: the state of volatility remains, expert says
14:03 Samskip starts new service from Poland, Lithuania and Norway
13:20 Bibby Offshore becomes the first to deploy a pioneering diving safety system in the North Sea
13:17 Damen Dredging Equipment launches new DOP Dredger Series
13:11 Draft rules for collection of port investment due is available for public discussion (document)
12:52 Wärtsilä to provide optimised maintenance for a complete fuel gas handling system for Viking
12:08 6th Forum of Intermodal Transport FRACHT 2018 held in Gdańsk on 11-12 April
11:13 Port of Rotterdam: growth in container throughput continues in first quarter
10:49 Port of Riga introduces new cargo handling technologies
10:15 Experts forecast Russia's LNG exports to make 33 to 62 million tonnes by 2030
09:52 Brent Crude futures price up 0.6% to $73.92, Light Sweet Crude – up 0.55% to $68.85
09:34 Baltic Dry Index up to 1,124 points
09:24 APM Terminals launches integrated cold chain solutions in India
09:17 Bunker prices show no significant changes at the Far East ports of Russia (graph)

2018 April 18

18:26 Engine room fire on board Finlandia Seaways quickly under control
18:05 Ports of Long Beach and Los Angeles offer seed money to foster the development of new goods-movement technologies that improve air quality
17:47 Port of Rotterdam Authority launches new Pronto application
17:25 CMA CGM implements FAK rates from East Mediterranean ports to Gulf and Red Sea
16:55 Royal IHC announces successful launching of BONNY RIVER in China
16:16 RZD Logistics and Fenix will develop transit cargo transportation via port Bronka (photo)
16:05 Jumbo names new offshore vessel Stella Synergy
15:28 Samskip brings Rotterdam into Nor Lines' flexible LNG-powered service network
15:05 CMA CGM implements GRR from Asia to West Africa
15:02 Baltiysky Zavod shipyard tested mooring facilities of Akademik Lomonosov FPU (photo)
14:59 Port of Long Beach container cargo volumes swell 14 percent in March 2018
13:37 Kazmortransflot LLP takes delivery of final Damen Shoalbuster 2709 for Caspian Sea operations
13:08 Commercial Sea Port of Ust-Luga purchased Liebherr crane as part of Yug-2 terminal modernization (photo)
12:35 Crowley completes acquisition of three SeaRiver tankers
11:47 Major ASW ships Severomorsk and Vice Admiral Kulakov practise search for submarine in Barents Sea
11:19 USC: Import substitution and localization in shipbuilding is hindered by undeveloped service offer
10:50 Russia and Japan ink MoC on mutual recognition of seafarers’ diplomas (photo)
10:25 Brent Crude futures price up 0.54% to $71.97, Light Sweet Crude – up 0.51% to $66.86
10:09 FLEX LNG LTD signs one year time-charter with Enel
09:48 CMA CGM welcomes IMO's decision to reduce by 50% the industry’s CO2 emissions in 2050
09:33 Bunker prices are flat at the Port of Saint-Petersburg, Russia (graph)
09:14 Baltic Dry Index up to 1,052 points

2018 April 17

18:06 Management of Azerbaijan Caspian Shipping Company met with seafarers of the Company’s Offshore Fleet
17:57 RF Navy's major landing ship Minsk visits Lisbon port
17:35 For the first time, more than 30 ports certified with EcoPorts PERS environmental standard
17:05 MAN Diesel & Turbo wins major container vessel order
16:35 Konecranes Gottwald Mobile Harbor Crane for Italian multi-purpose terminal
16:30 Port of Antwerp freight volume up 7.1% to 58,328,678 tonnes in Q1 2018
16:20 Reconstruction and modernization of Yug-2 terminal at the port of Ust-Luga to increase its annual capacity to 20 million tonnes by 2020
16:05 The world’s largest plug-in hybrid ship begins to take form
15:24 Rolls-Royce to supply innovative autocrossing system and propellers to 13 new ferries
15:05 DNV GL launches alternative fuels white paper
14:13 Inland container shipping sector consultations facilitated by Port of Rotterdam Authority yield tangible results
13:20 The Panama Canal “adrift” due to safety concerns
12:58 Authorities and researchers to seek solutions to Arctic navigation
12:15 PowerCell’s fuel cell technology will make vessels emission-free
12:02 Bunker prices are flat at the Far East ports of Russia (graph)
11:44 Wan Hai Lines to launch Indonesia to Singapore / Malaysia service
11:31 HII awarded contract for DDG 51-Class follow yard services
11:23 Malta Freeport orders fifteen Konecranes RTGs
11:03 Vostochny Port JSC exported 6 million tonnes of coal YTD (photo)
10:24 Brent Crude futures price up 0.55% to $71.80, Light Sweet Crude – up 0.63% to $66.64
10:00 Throughput of port Kaliningrad in 3M’18 up 13% Y-o-Y to 3.56 million tonnes
09:36 Throughput of port Vysotsk down 3% to 4.52 million tonnes in 3M’18
09:17 Baltic Dry Index up to 1,025 points