Despite Hurricane Matthew at the beginning of the month, the Port of Virginia moved 238,567 TEUs, an increase of 2.2% from October 2015, in the single busiest month of the port’s history. The ability to handle post Panamax vessels...
With the shipping market in unfamiliar and difficult territory, Drewry looks to make sense out of what happened in 2016 and what is coming in 2017. Everywhere we look for guidance into the 2017 fiscal projections, ideas are positive,...
In an eventful week, the Port of Norfolk has seized $85,000 in stolen auto parts bound for Jordan and $150,000 in counterfeit Disney and Nickelodeon Apparel headed to California from Egypt. Because of a random export check, CBP officers...
Only weeks since the Panama Canal expansion was completed and ships again started passing through the legendary waterway. Before the historic reopening, 100 neo-Panamax vessels had reservations for commercial transit through the locks, which are wider than the old...
With less than two weeks remaining before the implementation of the Safety of Life At Sea (SOLAS) measures, and coming through a powerful first quarter, East Coast ports, including the Port of Virginia, show a decrease in container traffic...
In a bit of a shocking twist, the Virginia Port Authority changed position this week and advised they will provide VGM weights to exporters to comply with the SOLAS rules. The Virginia Port Authority revised their approach to the...
Though total container volume for March has fallen 7.2%, the Port of Virginia states this is the second best March total on record with 120,519 TEUs. The fall is attributed to an outstanding March of 2015 where inclement weather...
The state of Virginia has approved a $350 million state-backed bond deal to the Norfolk International Terminal. Pending signature of Governor McAuliffe, the bill’s primary supporter, the money looks to expand the facility after 2015 traffic congested the port...
The Port of Virginia is ending one of the best years it has ever had in 2015 and they’re ready to make sure the next one is even better. When the Virginia State General Assembly reconvenes, the port will...
In a record setting October, the Port of Virginia handled 233,466 TEU containers, making it the single busiest month ever and the eighth straight month with volumes over 200,000 TEU’s. The previous record for a single month at the...
