8.9 C
Shanghai
Wednesday, April 1, 2020
cargo integrity campaign lashing in the spotlight
Home Port News Port of Virginia, record cargo volume in August

Port of Virginia, record cargo volume in August

The Port of Virginia® processed a record-setting 258,821 twenty-foot equivalent units (TEUs) in August, an increase of nearly 8 percent when compared with the same month last year.

“August was the second most productive month in our history and in the first two months of fiscal year 2019, our TEU volume has increased by more than 36,600 units, or about eight percent (compared with FY18),” said John F. Reinhart, CEO and executive director of the Virginia Port Authority (VPA). “In addition to peak season volumes, we are seeing some inbound cargo that is moving in anticipation of expanded tariffs on select imports. Overall, our team, from Virginia Inland Port to Richmond to the Norfolk Harbor, handled the volume with efficiency and performed well.”

August’s growth was driven by exports: loaded exports were up 11 percent while import volumes grew by 3.4 percent. The port’s inland operations also grew, as volumes at Virginia Inland Port (VIP) and Richmond Marine Terminal (RMT) were up 21 percent and 58 percent, respectively. Truck volume was up 5 percent, rail was up 10 percent and total barge volume increased 27 percent.

Reinhart said as the port expands its container handling capacity and capability at Virginia International Gateway (VIG) and Norfolk International Terminals (NIT), volumes, efficiency and service levels will climb. At VIG, all 26 of the new rail-mounted gantry cranes (RMGs) have been delivered and the operations team is testing the equipment and preparing to bring it into service.

“The last stack at VIG comes online at VIG in January 2019, but all others will be operational by October,” he said. “At NIT, we took delivery of six more RMGs this past weekend (Sept. 8-9) and the first stack is on schedule to be completed the end of September. We’re making significant progress and are tracking for completion of work at VIG by early summer 2019 and summer 2020 for NIT. From there, we will shift our focus to the work on Wider, Deeper, Safer – 55 feet — to create the most modern, deep-water port on the U.S. East Coast.”

August Cargo Snapshot

  • Loaded Export TEUs – 83,512, up 10.7%
  • Loaded Import TEUs – 117,042, up 3.4%
  • Total Containers – 146,726, up 7.2%
  • Breakbulk Tonnage – 19,001 (tons), up 13%
  • Virginia Inland Port Containers – 3,924, up 21.1%
  • Total Rail Containers – 54,961, up 9.9 %
  • Total Truck Containers – 86,874, up 4.7%
  • Total Barge Containers – 4,891, up 27%
  • Richmond Barge Containers – 2,899, up 58.3%
  • Vehicle Units – 2,940, up 2.4%

In October 2017, the port processed 265,490 TEUs, which to date is highest volume month on record.

- Advertisment -your ad here

Latest Posts

Evergreen orders nearly 12,000 new containers from CIMC

Evergreen Marine Corporation is ordering 11,500 X 20-foot containers from China International Marine Containers (CIMC) for US$37.13 million. The Taiwanese mainline operator did not disclose...

Hapag-Lloyd adjusts GRI from Canada to East Asia

Hapag-Lloyd has adjusted the announced General Rate Increase (GRI) ex Canada only to East Asia destinations to US$100/TEU. This increase will be applicable for...

MSC announces new Gdynia rates

MSC Mediterranean Shipping Company S.A. has announced the following freight rates as from 16 April 2020 until further notice but not beyond 16 May...

Korean logistics firm selects CyberLogitec solution

Korean freight company, CJ Logistics, has signed a contract to deploy OPUS Logistics, provided by CyberLogitec, maritime, port/terminal and logistics operations software, throughout their...

MABUX bunker index – 31 March

China will grant export quotas for refined oil products to non-state refineries in the Zhejiang pilot free trade zone, the state council said in...