Ports break more records
Published 9:00 pm Thursday, July 13, 2017
The Port of Virginia recently announced more record-breaking developments in moved cargo.
“There’s a lot of positive energy at the port of Virginia,” Port of Virginia spokesperson Joe Harris said Wednesday.
The port moved 231,675 20-foot equivalent units, or TEUs, of cargo in June, port officials stated in a press release on Monday. This represents a 6.9-percent increase over June 2016 and breaks the previous record for the month.
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This performance pushed the port to finish the 2017 fiscal year with a record-setting 2.76 million TEUs, a 7.3-percent increase over the previous fiscal year.
“We finished fiscal year 2017 with a solid volume increase and thus marked our fourth consecutive fiscal year of volume growth,” John Reinhart, CEO and executive director of the Virginia Port Authority, stated in the press release.
“We grew in the right areas, we moved a record-amount of volume across all modes of transportation, train, barge and truck — and did so safely — and we continue to improve our service levels.”
The announcement arrived as the port is investing $320 million to double container capacity at Virginia International Gateway, and $350 million to renovate the south container yard at Norfolk International Terminals.
“The $670 million we are investing to expand the capabilities and capacity at the Port of Virginia are aimed at sustaining this trend into the next several decades,” Reinhart said.
The ports have had a series of recent big achievements, such as the arrival of the COSCO Development at VIG in May. The 13,092-container ship was the largest ever to call on the port or the East Coast.
“We will push to continue building momentum and preparing ourselves for the even bigger ships of tomorrow,” Reinhart stated.
Business is expected to continue to increase as peak cargo season arrives later in the year, when retail businesses prepare for the holidays.