Biggest Vessel in Port’s History Calls; Governor, Dignitaries Herald Arrival of 13,000-TEU COSCO Development

May 9, 2017

Contact: Joseph D. Harris
Spokesman
(757) 683-2137 / Office
(757) 675-8087 / Cell
jharris@portofvirginia.com

Click on thumbnails below for full images:

NORFOLK, VA – At 1,200 feet long and 158 feet wide, the containership COSCO Development is a
behemoth. It is 100-plus feet longer that the U.S. Navy’s newest aircraft carrier, the Gerald R. Ford, and is bigger than any containership to call The Port of Virginia® and the U.S. East Coast.

The vessel can carry 13,092 twenty-foot equivalent units, or TEUs. The previous record was held by the MOL Benefactor when it sailed to Norfolk International Terminals (NIT) last summer. By comparison, Monday’s arrival of the COSCO Development breaks the previous record by 3,000 TEUs.

“We’ve seen nothing like her here,” said John. F. Reinhart, CEO and executive director of the Virginia Port Authority. “For years, we have been talking about the ‘next generation’ of vessels and the ‘big-ship era’. This is what we have been preparing for: the talk is over, the big ships are here.”

In Monday’s early morning, tugboats eased the COSCO Development alongside at Virginia International
Gateway (VIG). Soon after, crews descended on the berth, climbed into the ship-to-shore cranes and shuttle trucks and began the process of loading and unloading. During the course of her 30-plus hour stay in Virginia, multiple labor shifts will load and unload nearly 2,000 containers. On average, most vessels are here for 12-14 hours.

“What’s truly significant is that Virginia is this vessel’s first East Coast stop,” Reinhart said. “This vessel is taking full advantage of our 50-foot channels and an expanded Panama Canal. As the ships get bigger there are corresponding cargo loads. So our ability to quickly push these slugs of cargo inland by barge to Richmond Marine Terminal and double-stack rail to Virginia Inland Port and then into our markets in the nation’s heartland becomes even more important.

“Our partnership with labor, our modern terminals, our efficiency, our deep water — all these assets that we have been discussing and investing in are now coming into focus. From this day forward, we’ll be seeing vessels of this size with regularity. The big ship era at The Port of Virginia is truly underway.”
COSCO Shipping is part of the OCEAN Alliance, which is an alliance of ocean carriers composed of CMACGM, Evergreen Line and OOCL. In an alliance, the members agree to contribute ships and share space on those vessels. The vessel is in the alliance’s South Atlantic Express service and it came to The Port of Virginia via the Panama Canal.

In this weekly Asia-to-U.S. East Coast service there are 11 vessels ranging in size from 11,000 to 13,000 TEUs.

The port rotation includes Hong Kong, Yantian, Ningbo, Shanghai, Panama, Virginia, Georgia and South Carolina and then back to China.

Reinhart said the growing vessels sizes and accompanying cargo volumes are behind the port’s $670 million investment to increase overall annual throughput capacity by 40 percent – 1 million containers – by 2020. Presently, heavy construction is underway at VIG and the civil engineering work is nearing its start at NIT.

“We are adding capacity now so we can handle the cargo that will be coming to us on these vessels,” Reinhart said. “The big ships are here — more are on the way – and they are carrying significant amounts of containers. In order to be sustainable and competitive for decades to come, we must be ready to accommodate that volume at our inland and water-side facilities.

“The continued investment in people, technology and those capacity projects being undertaken here during the next three-to-four years are positioning this port to become the East Coast’s premiere port: a true gateway to world trade and a catalyst for commerce in Virginia.”

###
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 374,000 jobs and generated $60.3 billion in total economic impact throughout the Commonwealth.