• 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 December 18

18:21 Uniper SE and MOL enter into agreement on FSRU project in Germany, and one additional LNG transportation agreement
18:00 Throughput of Chinese ports grew by 4.3% to 8.47 billion tonnes in 11M’18
17:46 Rolls-Royce to deliver advanced ship technology to two more expedition cruise vessels for Mystic Cruises
17:43 Aircraft carrier HMS Queen Elizabeth enters LR class
17:27 SOL adds Finnish port of Pietarsaari/Jakobstad to the Zeebrugge route network
17:04 Finnpilot Pilotage BoD decided for no increase in the pilotage fees for 2019
16:42 GTT bags yet another tank design order for LNGC duo
16:38 PRA starts construction of new plastics recycling facility at the Port of Amsterdam
16:25 Arctia and Meritaito join forces to expand their range of services
16:09 Crowley integrates DFTS management into government solutions group to unify supply chain services
15:42 KN enhances its relations with American LNG giants
15:18 BW Group Limited purchased 137,000 shares
14:53 Icebreakers of FSUE Rosmorport assisted 680 ships in navigation season 2018-2019
14:28 Shell Oman and Port of Duqm ink agreement to develop fuel bunkering facilities
14:11 Golar LNG receives LNTP for an FLNG vessel for Greater Tortue / Ahmeyim Project P1, West Africa
13:47 WEG and Praxis sign MoU to support Damen Saab bid for the Brazilian Navy
13:41 Eni gets approval of the investment plan for Merakes Development Project in Indonesia
13:22 Sovcomflot closes USD 264 million long-term revolving credit facility
12:58 Bunker prices are flat at the Far East ports of Russia (graph)
12:40 Antwerp, Belgium will host the 3rd European Environmental Ports Conference on 12-13 June 2019
12:19 Keppel receives limited notice to proceed for GIMI FLNG
11:57 3 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on December 17-18
11:35 Terna’s MONITA HVDC Project: Nexans reaches key milestone with successful completion of submarine power cable
11:10 Container throughput of port Hong Kong (China) down 5.4% to 17.96 million TEUs in Jan-Nov’18
10:46 Bunker sales at the port of Singapore in 11M’18 down 1.8% Y-o-Y to 45.49 million tonnes
10:23 Maersk announces rate increase for Far East to North Europe trade
10:05 Brent Crude futures price down 1.53% to $58.72, Light Sweet Crude – down 1.61% to $49.39
09:47 Austal export opportunity supported by Australian Government financing
09:31 Rosatom drafted Rules for providing navigational and hydrographic support in NSR waters
09:14 Baltic Dry Index is up to 1,406 points

2018 December 17

18:23 Sembcorp Marine retains its position as Asia’s top cruise ship repair and upgrade solutions provider with newbuilds projects delivered in 2018
18:02 USPA announced tenders for dredging in Mariupol and Berdiansk seaports
17:48 SITC holds naming and delivery ceremony for M/V SITC SENDAI
17:37 ONE to implement LSF surcharge in China and Taiwan
17:15 NCSP Group's consolidated cargo turnover for January-October totaled 116,946 thousand tons
16:41 Moody's reaffirms Panama Canal's A2 long-term rating with stable outlook
16:26 Port of Oakland shatters 11-year-old record for November imports
15:54 Yamal LNG will build one more natural gas liquefaction facility
15:27 Nor-Shipping and Nordic Innovation team up for “Sea Meets Land” funding initiative
15:17 PETRONAS releases Annual Activity Outlook report for 2019-2021
14:56 NOVATEK elects a new member to the Management Board
14:37 Average wholesale prices for М-100 HFO down to RUB 15,328 in RF spot market
14:13 Damen’s triple delivery for Murjan Al Sharq Marine Contracting
13:41 Pacific Fleet and Indian Navy warships practice inspection operation as part of Indra Navy 2018 Russian-Indian naval exercise
13:19 Queen Máxima christens Van Oord's TSHD Vox Amalia
12:58 9 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on December 16-17
12:36 Samsung Heavy Industries secures yet another contract for an LNGC
12:23 Saab secures shipping safety contract for Shangai container port
12:00 Composit supports the 6th Forum of Dredging Companies as its Sponsor
11:42 Milaha unveils large plans to upgrade its shipyard in Mesaieed
11:01 IBIA welcomes decision by IMO’s MSC to add new item to its agenda to address concerns about fuel safety
10:43 SENER to design passenger vessel for Tanzanian ferry operator
10:17 Brent Crude futures price down 0.02% to $60.27, Light Sweet Crude – up 0.21% to $51.58
09:58 Port of Singapore throughput in 11M’18 grew by 0.4% Y-o-Y to 575.44 million tonnes
09:40 Floating regasification plant “Marshal Vasilevsky” arrives in Kaliningrad
09:15 Baltic Dry Index is up to 1,401 points

2018 December 16

16:09 Navios Acquisition completes acquisition of Navios Midstream
15:23 Thun Tankers names environmentally adapted tanker Thun Evolve
13:21 Traxens trials IoT network in port environment for first time, at MSC Terminal Valencia
12:32 Executives must watch both sea and air amid trade war tensions, warns Xeneta