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Port of Va. is already handling cargo diverted from Baltimore
On Tuesday afternoon, workers at the Port of Virginia‘s Virginia International Gateway facility in Portsmouth unloaded cargo that had been scheduled for the Baltimore Harbor before a container ship struck and destroyed the Francis Scott Key Bridge in a fatal accident that has left the shipping channel closed for at least several weeks to come. […]
Baltimore bridge collapse will drive ships to Port of Va.
After a container ship struck the Francis Scott Key Bridge in Baltimore early Tuesday, causing the bridge to collapse and possibly claiming multiple lives, ships bound for the Port of Baltimore will be diverted to other ports, primarily the Port of Virginia and the Port of New York and New Jersey. The Virginia Port Authority, […]
Widening of Port of Virginia shipping channel is complete
The Port of Virginia’s shipping channel is now wide enough for two ultra-large container vessels to pass at the same time, concluding a significant part of the $450 million dredging project to make the port the widest and deepest harbor on the East Coast. According to the Friday announcement, the port expects to finish the […]
Biden executive order on Chinese cranes affects Port of Va.
President Joe Biden issued an executive order Wednesday addressing cybersecurity and espionage concerns over Chinese-made cranes in use at U.S. ports, including the Port of Virginia. Additionally, the Biden administration announced a plan to invest $20 billion on infrastructure security at U.S. ports, including support for domestic manufacturing of ship-to-shore cranes. National security concerns [...]
Va.’s maritime industry has $8B economic impact, report says
Virginia’s non-military maritime industry was responsible for one in five jobs in Virginia and more than $8 billion in state and local taxes during fiscal 2022, according to a recent study conducted by William & Mary. The Virginia Maritime Association and the Virginia Port Authority commissioned the study to demonstrate the industry’s economic impact. The […]
Transportation 2023: JOSEPH P. ‘JOE’ RUDDY
In 2021, Ruddy was tapped a second time to be COO for the Virginia Port Authority’s nonprofit affiliate that operates the Port of Virginia, one of the state’s chief economic drivers. Ruddy, who held the same job from 2011 to 2014, is responsible for operations, information technology, safety, security, capacity expansion projects and maintenance at […]
Virginia rises to No. 2 in CNBC’s Top States for Business
Rated America’s best state for education, Virginia climbed to the No. 2 spot in CNBC’s 2023 Top States for Business rankings, with North Carolina taking the top spot for the second year in a row. “Virginia is our most decorated state, a five-time winner,” the cable business news network said Tuesday, “but you’ll pay dearly […]
New rules
In theory, the Ocean Shipping Reform Act (OSRA) would, among other things, help reduce inflation by adding transparency to container handling fees. In practice, though, it’s not that simple. When President Joe Biden signed OSRA into law in June 2022, he touted it as a weapon against shipping costs that had soared during the pandemic. […]
Port of Virginia
The Port of Virginia again set a cargo record in fiscal year 2022, handling 3.7 million TEUs (20-foot equivalent units) and surpassing its 2021 record by 14.7%. The six-terminal port, which includes facilities in Hampton Roads, Richmond and Front Royal, also continued with its project to widen and deepen its channels to at least 55 […]
Going greener
The Port of Virginia is preparing for a greener future that includes less reliance on fossil fuels. It’s doing this by expanding its access to cleaner energy such as solar power; replacing older, diesel-fueled equipment with hybrid and all-electric alternatives; and supporting the region’s burgeoning offshore wind industry. In his April 2022 State of the […]
Crown jewels
The Port of Virginia and its surrounding maritime community are the crown jewels of economic development in Virginia. Fewer than half of U.S. states have any coastline at all, not to mention the combined industrial, commercial and military presence that makes Hampton Roads an enduring source of growth for the commonwealth and the nation. Consistent […]
Port cranes: Cause for concern?
The Port of Virginia may have as many as 30 Chinese ship-to-shore cranes that have come under scrutiny from Pentagon officials over national security concerns. Five more cranes are scheduled for delivery next year. Manufactured by state-owned company Shanghai Zhenhua Heavy Industries Co., known as ZPMC, the cranes are a possible security risk, according to […]
