Freight News, Sea

Port of Virginia Moves 215,000 TEUs in April; CY Growth at 4%

[ May 23, 2016   //   ]

The Port of Virginia processed 215,254 TEUs in April, a 2.4% increase when compared with the prior year. The performance was supported, in part, by growth in volume at both Virginia Inland Port (VIP) and Richmond Marine Terminal (RMT).

“Our volumes were modest and we see some softness in the market in the coming months,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority. “Still, the value of VIP and RMT is clear and as we begin our effort to add capacity. The importance of those facilities is going to continue to elevate. Our port-wide reinvestment strategy is well underway. In Richmond, we unveiled a new mobile harbor crane in February. Last week, we applied for a federal grant that would enhance our cargo handling capabilities at VIP.

“The Port of Virginia is entering an important growth phase – a million containers of capacity will be added — and as work begins, we will be utilizing all of our facilities to serve our customers and minimize the challenges that construction can present. Our goal is to maintain our service levels throughout the expansion.”

The first large-scale capacity project will be to rebuild the upland operation at the South Berth of Norfolk International Terminals (NIT). Reinhart said the $350 million project will increase annual throughput capacity at NIT by 46%, or 400,000 containers.

In April, VIP’s volume was up 10%; RMT, up 12%; truck volume, up 1%; ship calls, up 2%; and vehicle units, up 8% when compared with the same month last year.
On a calendar-year basis, TEUs are up 4%; rail, 12%; and truck volume was slightly down at 0.4%. On a fiscal-year basis (July 1 – June 30) the port’s TEU volumes are up 3.5%; rail containers, up 9.5%; ship calls, up 2%; and vehicle units processed at Newport News Marine Terminal (NNMT), up 37.5%.