Port of Virginia Blog

Virginia Log Exports Get Reprieve from Ban; China OKs Test

Port of Virginia — Thu, 24 May 2012 15:43:47 -0400

Richmond -- Following a ban on exports of Virginia logs to China that has lasted more than a year, the Chinese government has agreed to a six-month pilot program that will begin re-opening that critical market to hardwood and softwood logs from the Commonwealth. “China is our second largest agricultural...

APM Terminals Submits Unsolicited Conceptual Proposal for Operating Rights at VPA Terminals

Port of Virginia — Wed, 23 May 2012 15:02:00 -0400

Norfolk – On Tuesday (May 22), the Virginia Port Authority Board of Commissioners was briefed by Virginia Secretary of Transportation Sean T. Connaughton on an unsolicited conceptual proposal from APM Terminals (APMT) to operate the state-owned/leased terminals. Operations at all of the VPA’s terminals will continue as usual while officials...

Port’s Board of Commissioners Will Meet at 12:30 p.m. on May 22

Port of Virginia — Mon, 21 May 2012 14:49:52 -0400

Norfolk – The Virginia Port Authority Board of Commissioners will convene its regular board meeting at noon on Tuesday, May 22, at 12:30 p.m. The meeting will be held at the Town Point Club, Buoy Room, 300, on the third floor of the World Trade Center building in downtown Norfolk...

Virginia’s Container, Rail, Breakbulk and Barge Growth Continues

Port of Virginia — Tue, 15 May 2012 11:27:23 -0400

Norfolk – The Port of Virginia handled 169,644 TEUs in April, an increase of 5.2 percent when compared with totals from April 2011. Year-to-date, the port has handled 647,713 TEUs vs. 633,919 TEUs handled during the same period last year, an increase of 2.2 percent. Also in April the breakbulk...

Virginia Gets First-In Call on MOL Asia Service

Port of Virginia — Mon, 14 May 2012 10:53:33 -0400

Norfolk – The Port of Virginia in June will add a "first-in" vessel call from Asia to an expanding string of announcements that point to growing interest from global ocean carriers seeking to capitalize on the port's deep water, rail connections and modern facilities. In June, ocean carrier MOL will...

Port Scores Perfect in Agency Preparedness Assessment

Port of Virginia — Wed, 09 May 2012 11:22:06 -0400

Norfolk – The Virginia Port Authority earned a perfect score on its 2011 Agency Preparedness Assessment, an annual exercise for state executive branch agencies and institutions of higher education that measures how well they are prepared for an emergency. "We take this assessment very seriously and shutting down the port...

Virginia Tops Site Selection Magazine’s 2011 Competitiveness Ranking

Port of Virginia — Fri, 04 May 2012 11:51:43 -0400

Richmond - Site Selection magazine has named Virginia the winner of its 2011 Competitiveness Award, which recognizes excellence on the part of a state-level economic development group. The Virginia Economic Development Partnership (VEDP) was honored at an awards ceremony on April 23 at the Industrial Asset Management Council's spring 2012...

Bond Rating Agency Gives VPA Bonds ‘A’, Stable Outlook

Port of Virginia — Tue, 01 May 2012 13:19:47 -0400

New York – Fitch Ratings has affirmed its long-term 'A' rating of the Virginia Port Authority's outstanding port facilities revenue and refunding bonds and based on its overall financial picture, gave the agency a "stable" rating outlook. "To continue to maintain our solid rating says a lot about the job...