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Released: The Port of Virginia’s FY2017 Annual Report

Wednesday, November 22, 2017   (0 Comments)

The Virginia Port Authority has released "The Port of Virginia’s FY2017 Annual Report."  The Virginia Maritime Association joins the Virginia Port Authority in celebrating these accomplishments and we are proud of the collaboration and contributions from our member companies to the continued progress of our port.

Port of Virginia End of Fiscal year 2017 Report

Read the Report Now

Accomplishments from the Port of Virginia FY2017 Report

  • Safely HANDLED nearly 1.6 million containers — a new record.
  • POSTED their third consecutive year of a positive operating outcome.
  • Virginia SERVED as the first stop for the largest cargo ship to ever call the U.S. East Coast.
  • PROCESSED 569,000 rail containers to become the East Coast’s leading rail port.
  • EXTENDED the Virginia International Gateway lease through 2065 and shortly thereafter began expanding that terminal.
  • INVESTED $217 million in the industry’s largest one-time purchase of rail-mounted gantry (RMG) cranes.
  • INITIATED a $350 million modernization of Norfolk International Terminals
  • DEVELOPED an innovative agreement with the Georgia Ports Authority and POSITIONED Virginia and Georgia as the East Coast’s primary gateways for global trade.
  • OPENED a new 26-lane, $42 million gate complex at Norfolk International Terminals.

Read the full report here:
http://www.portofvirginia.com/wp-content/uploads/2017/11/The-Port-of-Virginia-FY17-Annual-Report.pdf
 


Thank you to our Anchor Members

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Virginia Maritime Association
236 E. Plume Street Norfolk, VA 23510
Phone: 757-622-2639
Fax: 757-622-6302
vma@vamaritime.com