9.4 C
Hamburg
Sunday, May 18, 2025
Home Port News Port of Virginia marks a month-record

Port of Virginia marks a month-record

The Port of Virginia set a new record in October, handling more than 270,000 TEUs, or 20-foot equivalent units. That total is more than 5,000 units above the port’s previous record.

The growth was driven by a 2 percent increase in loaded imports and a 14.5 percent increase in empty export containers. The port is trying to decrease its empty container inventory to improve efficiency and better focus on moving loaded containers.

The growth created congestion at the gate’s terminals, however. The Port of Virginia is undergoing expansion projects totaling nearly $700 million at its two largest terminals at the same time.

“The record volume, especially during construction, put a significant amount of pressure on the gates, and there were some trying moments last month for motor carriers,” John Reinhart, CEO and executive director of the Virginia Port Authority, said in a statement. “We are taking steps to create greater flexibility in our gate hours and add more chassis to the pool to build fluidity.”

Read more on Virginia Business.





Latest Posts

Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...

US sanctions target Iran-China oil trade, stirring waves across global shipping

As Washington ramps up its campaign to stifle Iranian oil revenues, a new chapter is unfolding in the ongoing tensions between the United States,...
error: Content is protected !!