The Port of Virginia will close one of its terminals due to COVID-19’s impact on global trade.
Starting May 4, 2020, the port’s Portsmouth Marine Terminal will be closed and cargo volumes will be consolidated to other terminals.
“As an industry, we are faced with a record number of blank sailings, and idled containerships, due to the COVID-19 pandemic. We have witnessed a marked decline in current and forecasted volumes from our shippers and ocean carriers,” the port said in a statement.
The Portsmouth Marine Terminal encompasses 287 acres on the west bank of the Elizabeth River and has 3,540 feet of wharf, three berths, 6 Super Post-Panamax STS cranes, and is able to handle containers, break-bulk, and roll-on/roll-off cargo, according to the Port of Virginia website. Its container capacity is 437,500 TEU per year.
In 2019, the Port of Virginia handled a record 2.9 million TEU and 21.9 million tons of general cargo with over 1,500 vessel calls.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
The U.S. Coast Guard Cutter Polar Star departed its Seattle homeport Thursday for its 29th annual deployment to Antarctica, beginning a months-long mission that underscores both America’s enduring polar presence...
Seaborne shipments of liquefied natural gas to China in November are set to drop for a 13th straight month on an annual basis, extending a slump in purchases as domestic output and piped imports remain strong.
China bought at least 10 cargoes of U.S. soybeans worth around $300 million in contracts signed since Tuesday, two traders with knowledge of the deals said, a day after the presidents of both countries spoke on the phone.
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
