Port, Fornazor Sign Lease Agreement

April 24, 2019

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

Port, Fornazor Sign Lease Agreement

ARREFF Terminals, a subsidiary of Fornazor International Inc., and The Port of Virginia® last week entered into a long term agreement that will result in more containers moving across through Virginia’s ports and enhance Fornazor’s ability to reach its international customers. The agreement allows ARREFF to develop a transload facility at Norfolk International Terminals (NIT) for agricultural commodities; the facility will be handling the Fornazor business as well as acting as a third-party transloader for other customers. The facility will be served by rail and when finished will more than triple the number of containers the company moves through the port. (Pictured: Fornazor CEO John Fornazor, left, and John F. Reinhart, Virginia Port Authority CEO and executive director.)

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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. A recent economic impact study from The College of William and Mary shows that The Port of Virginia helps to create more than 530,000 jobs and generated $88.4 billion in total economic impact throughout the Commonwealth on an annual basis.