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Tariffs, politics drive uncertainty for shipping
Rising tariffs, Red Sea attacks, and labor costs create instability for shippers and could impact Port of Virginia operations and U.S. supply chain
The Port of Virginia at a glance
In fiscal 2024, the Port of Virginia moved 3.5 million 20-foot equivalent units (or TEUs), its second highest number in history, just below 2022’s 3.7 million record.
Virginia inland ports expand to meet shipping demand
Virginia Inland Port and Richmond Marine Terminal upgrade facilities to handle growing cargo volumes and improve freight shipping efficiency statewide.
Virginia universities provide expansive maritime education
William & Mary launches Virginia’s first public bachelor’s in coastal and marine sciences, expanding maritime education and career options statewide.
Rock and a hard place
The global shipping industry is currently juggling crises taking place more than 7,000 miles apart: Houthi rebels’ attacks on ships in the Red Sea, and a drought that has slashed ship crossings in the Panama Canal. And those came before the East Coast was hit with additional supply chain stresses following the collapse of [...]
Gas exchange
Alternative fuels such as hydrogen and compressed natural gas are attracting interest from trucking companies as the federal government prepares to reduce emissions limits by 2027. The Environmental Protection Agency’s new rules on heavy-duty diesel engine standards starting with 2027 models includes stricter standards aim[...]
Clear waters
After receiving its final federal approvals in January, Dominion Energy‘s $9.8 billion Coastal Virginia Offshore Wind project remains on track for completion in late 2026, at which point the 2.6-gigawatt project could power up to 660,000 homes. “CVOW is on budget, on time, and we’re gearing up for construction and [...]
Commentary: Navigating risk
After the chaos of the pandemic years, 2023 brought a sense of normalcy and familiar market dynamics. By December, however, the industry was reminded of the fragility of global trade. Low water levels constrained transits at the Panama Canal, and the Suez Canal became virtually impassible by global container carriers due to terr[...]
Executive Insights: Cargo convo
Leaders from Virginia’s maritime sector share their views on offshore wind, supply-chain challenges, workforce recruitment and other factors impacting the industry. JEREMY BRIDGES President and chief negotiator, Hampton Roads Shipping Association Norfolk VB: You were vice president of labor relations for CMA CGM. What labor issues do you see arising in the next few years, […]
Watercourse of study
Starting this fall, Old Dominion University students will have a new interdisciplinary school dedicated to maritime work, logistics and supply chain management — an upgrade from an earlier program offered through the Strome College of Business. In September 2023, the State Council of Higher Education for Virginia (SCHEV) appro[...]
Spies in the sky?
High-level federal concerns over Chinese-made ship-to-shore cranes ramped up in February after President Joe Biden issued an executive order addressing cybersecurity and espionage risks the cranes pose at U.S. ports. Then in early March, a congressional investigation revealed cellular modems had been found on some Chinese crane [...]
Rising alarm
Over the years, scientists have warned about sea-level rise, especially in Norfolk, which has the highest rate on the East Coast. “Norfolk is very flat. When you see a small increase in water levels, a wide part of land floods in response,” says Molly Mitchell, a researcher at the Virginia Institute of Marine Science, which [...]
