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.
Updated: November 17, 2020 (Originally published April 17, 2020)
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 global shipping industry is entering a new era defined by geopolitical tension, fragile supply chains and heightened uncertainty, according to Allianz Commercial, which warns that the relatively stable operating...
Orders for alternative-fuelled vessels continued in May but remain well below last year’s pace, highlighting a more cautious and diversified approach to decarbonization investments across the global shipping industry. According...
The U.S. Department of Justice has indicted four of the world’s largest shipping container manufacturers and seven senior executives in what prosecutors describe as a sweeping global conspiracy to restrict...
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
