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Ports/Trade

Nov 14, 2022

Carnival to double trips from Norfolk, proposes year-round cruising

Carnival Cruise Line announced Monday it will more than double the number of cruises it offers from Norfolk in 2023 and is working toward year-round cruising from Norfolk in 2025. Stephen Kirkland, executive director of Nauticus, shared the news from Norfolk’s cruise terminal that overlooks the harbor where ships dock, adj[...]

Oct 13, 2022

Lowe’s to open distribution facility in Suffolk

North Carolina-based home improvement retailer Lowe’s Cos Inc. will establish a coastal holding facility in the city of Suffolk, adding 100 jobs, Gov. Glenn Youngkin announced Thursday. Lowe’s had more than $96 billion in sales in fiscal 2021 and it operates or services nearly 2,200 home improvement and hardware stor[...]

Sep 29, 2022

Under construction

Hampton Roads Bridge-Tunnel Hampton and Norfolk Construction is underway along 10 miles of the Interstate 64 corridor from Hampton to Norfolk on the $3.9 billion Hampton Roads Bridge-Tunnel expansion project. In June, crews on the South Island began reassembling Mary, the 430-foot, $70 million tunnel boring machine (TBM) that wa[...]

Aug 22, 2022

Lease signed for Fairwinds Landing in Norfolk

The ball has started rolling on the $100 million project turning the Lambert’s Point Docks property in Norfolk into Fairwinds Landing, a maritime operations and logistics center to support the local offshore wind, defense and transportation industries. The Miller Group signed a lease for the 122-acre site owned by Norfol[...]

aerial view of Portsmouth Marine Terminal
Aug 16, 2022

Skanska wins $223M contract for offshore wind farm prep

New York-based Skanska USA won the $223 million contract to redevelop the 72 acres of the Portsmouth Marine Terminal that Dominion Energy Inc. will use as a staging area for its $9.8 billion Coastal Virginia Offshore Wind project. The company announced the award on Tuesday. The CVOW calls for the construction of 176 wind turbine[...]

A Norfolk Southern freight train (AP Photo/David Boe)
Jun 14, 2022

Port of Va. partnering with Norfolk Southern

The Port of Virginia is part of a new partnership with Norfolk Southern Corp., Hapag-Lloyd and Union Pacific Railroad. The partners will provide expedited train shipping from the East Coast to the western U.S., Norfolk Southern announced last week. The partnership, called OceaNS Bridge Express, will start at the Port of Virginia[...]

May 23, 2022

Colonna’s Shipyard promotes three execs

Norfolk-based Colonna’s Shipyard Inc. announced Monday it had promoted three executives to senior management positions, effective in July. CSI has promoted Jordan Webb from vice president of contracts to vice president of shipyard operations; Randall Crutchfield from chief experience officer and executive director of Steel Ame[...]

May 20, 2022

Port, Army Corps formalize dredging cost-share agreement

The Port of Virginia and the U.S. Army Corps of Engineers signed an agreement Friday that formalized their collaboration on the Norfolk Harbor dredging project to deliver the East Coast’s widest and deepest channels by 2024. The Army Corps also will use federal funding to award its first construction contract for the proje[...]

May 5, 2022

Lambert’s Point Docks in Norfolk to become $100M maritime center

In a deal predicted to bring more than 500 jobs and over $100 million in capital investment, the Lambert’s Point Docks property in Norfolk will become a maritime operations and logistics center to support local offshore wind, defense and transportation industries. The land, owned by Norfolk Southern Railway Co., has been l[...]

May 4, 2022

CV International subsidiary acquires Ga. shipping company

Norfolk-based CV International Inc. subsidiary Capes Shipping Agencies announced Wednesday that it had acquired Savannah, Georgia-based Ryan Ship Services LLC. Financial terms of the transaction were not disclosed. “This merger will be a great fit for both of our companies, and the timing was perfect,” CVI President and CEO [...]

The Port of Virginia processed a record 3.5 million TEUs (twenty-foot equivalent units) last year. December 2021 cargo volumes alone were 25% above December 2020. Photo courtesy Port of Virginia
Apr 28, 2022

Setting a course

Each week, MDV SpartanNash LLC, the nation’s leading supplier for overseas U.S. military commissaries and exchanges, loads 100 to 200 containers filled with everything from peanut butter to clothing aboard steamships bound for Europe, Africa, Bahrain, Kuwait and Honduras, as well as Puerto Rico and Guantanamo Bay. “In places[...]

Apr 28, 2022

Port of Virginia

In fiscal 2021, the Port of Virginia set cargo records, generating more than $100.1 billion in ancillary economic impact, according to a report from William & Mary’s Raymond A. Mason School of Business in conjunction with Glen Allen-based Mangum Economics. The six-terminal system generated 436,667 jobs, $47.4 billion in Virginia gross state product, $27.2 billion […]

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