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May Volume Sets All-Time Mark as Port Moves 246,000 TEUs;
All Areas of Operation Show Growth May Sets New Monthly Volume Record for the Port
NORFOLK, VA – The Port of Virginia® moved 246,871 twenty-foot equivalent units (TEUs) in May, which is growth of 12.5 percent when compared with the same month last year and an all-time record for productivity at the port.
“The new alliances and the cargo owners are capitalizing on Virginia’s natural and manmade assets and our team is performing well,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority. “This kind of volume, combined with the growth we’ve had throughout the calendar and fiscal year, tells us that the industry is confident in The Port of Virginia’s ability to handle their cargo and do it well.”
The growth was seen in all areas of the operation and comes on the heels of back-to-back calls from 13,000-TEU vessels in May. According to an analysis of the new ocean carrier alliances published in April by BlueWater Reporting, The Port of Virginia is the top U.S. East Coast port for deployed capacity for Asia-USEC alliance services with seven services deploying more than 61,000 TEUs weekly. As the vessels are increasing in cargo capacity, the number of vessel calls is, as expected, declining. In May, there were 143 vessel calls vs. 173 calls in May 2016, yet cargo surged more than 12 percent.
“May marks our highest monthly volume at the port, surpassing the previous record set last October by five percent and with the fiscal year (FY2017) drawing to a close, we are up more than seven percent,” Reinhart said. “In addition to our volumes, there is a lot of activity at the port: the expansion of Virginia International Gateway is progressing on schedule and we are also preparing to open the new North Gate at Norfolk International Terminals at the end of June. As peak season approaches, we remain mindful of safety and our levels of service, and continue to emphasize our performance and efficiency.”
May Cargo Snapshot
- Loaded Export TEUs – 85,824, up 6%
- Loaded Import TEUs – 100,594, up 9%
- Containers – 141,218, up 13%
- Rail Containers – 46,840, up 3%
- Barge Containers – up 4,084, up 49%
- Truck Containers – 90,294, up 18%
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.