Please ensure Javascript is enabled for purposes of website accessibility

Ports/Trade

Nov 6, 2023

Newport News Shipbuilding expands to Norfolk

With the largest workload it’s had in four decades, Newport News Shipbuilding has had to get creative about how to use the limited footprint at its shipyard in Newport News. So when an opportunity to set up a second campus not far away — on the other side of the Hampton Roads Bridge-Tunnel, in Norfolk […]

Oct 19, 2023

Fed’s Fifth District economy shrinks slightly

The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) contracted slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book[...]

Sep 27, 2023

ODU supply chain/logistics school approved by SCHEV

Old Dominion University’s School of Supply Chain, Logistics, and Maritime Operations was approved Wednesday by the state’s higher education council, and it’s set to start programming on Oct. 1, according to the university. The State Council of Higher Education for Virginia (SCHEV) OK’d the new school, whi[...]

Sep 20, 2023

Lyon Shipyard to expand, adding 134 jobs

Lyon Shipyard, a 95-year-old family-owned ship repair facility in Norfolk, will spend $8.5 million to expand its operations and add an estimated 134 jobs, Gov. Glenn Youngkin announced Wednesday. The shipyard plans to increase its capacity to work on commercial ships and vessels that will work on offshore wind farm operations. V[...]

Gov. Glenn Youngkin meets with Taiwan President Tsai Ing-wen in Taipei, Apr. 24, 2023. Photo courtesy Office of Gov. Glenn Youngkin.
Sep 19, 2023

Va. trade office opens in Taiwan

Virginia has opened its trade office in Taiwan. Announced in April, the office is Virginia’s fourth international trade office and follows Youngkin’s meeting with Taiwan’s president, Tsai Ing-wen, during the governor’s first international trade mission. Virginia Secretary of Commerce and Trade Caren Merri[...]

Sep 13, 2023

Sandpaper manufacturer to expand in Va. Beach

Hermes Abrasives USA, the U.S. subsidiary of Hamburg, Germany-based Hermes Abrasives, will invest $5.6 million in a Virginia Beach expansion that will add an estimated 30 jobs, Gov. Glenn Youngkin announced Wednesday. Hermes Abrasives manufactures coated and bonded abrasives and grinding tools. The company will return its narrow[...]

Sep 6, 2023

Fed Fifth District economy grows slightly

The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is ba[...]

Jun 29, 2023

Fairwinds Landing project breaks ground in Norfolk

Developers broke ground Thursday morning on the Fairwinds Landing maritime operations and logistics center supporting Hampton Roads’ offshore wind, defense and transportation industries.  The development project at Norfolk Southern Corp.’s Lambert’s Points Docks in Norfolk is being spearheaded by Fairwinds Landing LLC, a [...]

Jun 27, 2023

TCC expands Skilled Trades Academy

Tidewater Community College has kicked off the expansion of its Skilled Trades Academy, adding more space and more courses to its Portsmouth facility.  The academy opened in 2019 with 20,000 square feet of space, and currently has three classrooms at 3303 Airline Blvd., which is enough room to hold three to six courses at a [&h[...]

Jun 20, 2023

Zim announces $30M expansion

Zim American Integrated Shipping Services Co. LLC will invest $30 million to expand its U.S. headquarters in Virginia Beach, creating several hundred jobs over the next five years, Gov. Glenn Youngkin announced Tuesday. The expansion includes a move from Norfolk, where the company has had its U.S. headquarters since 2001. Zim is[...]

Apr 27, 2023

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 pa[...]

Apr 27, 2023

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 […]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.