“The Voice of Port Industries”
Volume 87 No. 1
January 2023
@VAmaritime
2022 CONTAINER VOLUMES EXCEED 3.7 MILLION TEU
NORFOLK, VA –The Port of Virginia is posting its most productive year on record having processed more than 3.7 million TEUs (twenty-foot equivalent units) in 2022, an increase of 5.1%. “We made real progress in 2022 and it was another very solid year for volumes,” said Stephen A. Edwards, CEO and executive director of the Virginia Port Authority. “Our service and performance levels continue to improve and each quarter our truck, chassis, rail and vessel performance metrics advanced. I want to thank all of our employees, the International Longshoremen’s Association and our supply chain partners for being significant contributors to our success.” The port achieved three of its top four months for container volume in 2022, with trade volumes peaking in May at an alltime high of 341,611 TEUs. The port’s focus on its sustainability program and becoming a net-zero carbon emissions operation by 2040 also advanced. “To ensure that we remain an economic engine, we are investing billions of dollars to create one of the fastest-growing and most technologically-advanced port complexes in the world,” Edwards said. Edwards attributes the successful year to multiple factors: an experienced operations team, constant preparation, efficiency, consistency and the Virginia Model. “We own and operate the terminals and the Hampton Roads Chassis Pool and this allows for quick decision making that
ensures we are doing the right thing for the customer within the capabilities of the operation,” Edwards said. The port is expanding its assets and building the benefits of the Virginia Model by investing in both long- and short-term projects aimed at driving efficiency, capturing more cargo and preparing for the future. Those projects include: • NIT North: Renovate, expand and modernize the North Berth at Norfolk International Terminals (NIT) and create capacity for 1,400,000 TEU. • Dredging: Deepening (to at least 55 feet) and widening the Norfolk Harbor and commercial channels to safely accommodate fully-laden ULCVs (ultra-large container vessels) and ensure safe, two-way movement of these vessels. • NIT Central Rail Yard: Expanding the Central Rail Yard at Norfolk International Terminals (NIT) to accommodate 470,000 additional annual TEU. • Offshore Wind: The port is in the process of preparing Portsmouth Marine Terminal (PMT) to become the US East Coast’s logistics hub for the offshore-wind industry. Cargo Snapshot CY2022 vs. CY2021 • Total TEUs – 3,703,230, up 5.1% • Loaded Export TEUs – 1,076,146, up 2.5% • Loaded Import TEUs – 1,728,911, up 2.9% • Total Containers – 2,055,043, up 4.9%
The Port of Virginia “The Port of Virginia’s 2022 Cargo Volume Up 5% With More Than ” 3.7 Million TEUs Processed” January 18th, 2023
INSIDE THIS EDITION h 2022 Container Volumes Exceed 3.7 Million TEU (1)
h Maritime Economic Development h Crowley To Build Service Operations Programs Making Good on Promises (2) Vessel For Siemens Gamesa (4)
h Five New Ship To Shore Cranes Coming h FY23 Appropriations Bill (3) To The Port of Virginia (3)
h New Members (7)
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