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Trade News

June 19, 2017

Port of Virginia sets all-time monthly container record

The Port of Virginia moved 246,871 twenty-foot equivalent units (TEUs) in May, a growth of 12.5 percent when compared with the same month last year and an all-time record for productivity at the port.

"This kind of volume, combined with the growth we've had throughout the calendar and fiscal year, tells us that the industry is confident in The Port of Virginia's ability to handle their cargo and do it well," said John F. Reinhart, CEO and executive director of the Virginia Port Authority.

The growth was seen in all areas of the operation and comes on the heels of back-to-back calls from 13,000-TEU vessels in May. According to an analysis of the new ocean carrier alliances published in April by BlueWater Reporting, The Port of Virginia is the top U.S. East Coast port for deployed capacity for Asia-USEC alliance services with seven services deploying more than 61,000 TEUs weekly.

As the vessels are increasing in cargo capacity, the number of vessel calls is, as expected, declining. In May, there were 143 vessel calls vs. 173 calls in May 2016, yet cargo surged more than 12 percent.

"May marks our highest monthly volume at the port, surpassing the previous record set last October by five percent and with the fiscal year (FY2017) drawing to a close, we are up more than seven percent," Reinhart said.

Source: Port of Virginia