Filter content by area of interest
Ports & Terminals
Port AuthoritiesContainerBulkBreakbulk/General CargoRo-Ro/AutomotiveGTOs
Cargo Handling Equipment
STS CranesYard CranesMobile CHERo-Ro EquipmentBreakbulk EquipmentLow ThroughputBulk Handling Equipment
Shipping & Logistics
Container ShippingBreakbulk/General CargoRo-Ro ShippingDry Bulk ShippingLiquid cargoesLogistics
TOSPlanning & Optimisation TechnologyWiFiMobile ComputingPort Community SystemsAsset Tracking & Monitoring
Automated EquipmentGate AutomationRemote ControlProcess Automation
RailInland WaterwaysShortsea ShippingRoadAir-Cargo
Container Industry
Container manufactureContainer leasingRepair/StorageTradingConversion/Innovation
Operations/TransportContainer leasingEquipmentM&R/Storage
General cargoProject Cargo/Heavy LiftForest productsRo-Ro/AutomotiveAgribulks
Safety & Security
InsuranceHazardous cargoLashings/SecuringLegal/Regulatory
Civil Engineering
Port & terminal construction/designCivil & Consulting EngineersDredging & ReclamationMooring & FenderingLightingPaving & Surfacing
InsuranceLegal/RegulatoryAppointments/PeopleMergers/Acquisitions/RestructuringFinance/Financial ResultsTrade & Professional AssociationsBusiness/Commerce Miscellaneous
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing 1 of your 1 guest articles

register  or  login  for full access to online news

2018 FY numbers from Virginia/Charleston

Both ports posted an increase throughput in their 2018 fiscal year.

Linked InTwitterFacebookeCard

The Port of Virginia completed its fiscal year 2018 (FY18) with a total container throughput of 2,827,740 TEU a 2.4% increase on the 2017 fiscal year.


“We finished the fiscal year in positive territory – our fourth consecutive fiscal year of growth,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority. “Our import container volume was up nearly seven percent, truck volume was up almost five percent, barge volume was up six percent and our volumes at Virginia Inland Port (VIP) and Richmond Marine Terminal (RMT) grew as well.” On the negative side of the ledger, loaded export TEUs were down 3.1% to just over 1M TEU, and the number of rail containers fell 1.7%.


Virginia experienced a drop in empty container numbers in April and May, which continued into June, as the port made a deliberate effort to reduce empties as it manages construction projects at its two main box terminals. “As a result, our total empty container volume was down by more than 76,000 TEUs. What’s important is that our action is having its desired intent, which is to increase efficiency at the terminals and ensure that loaded containers are our priority right now,” Reinhart stated.


Down the coast in South Carolina, the Port of Charleston experienced 3% growth in its 2018 fiscal year to reach 2.2M TEU, a new record for the port. Whether it is related to Virginia’s move to restrict empty box numbers or not, Charleston handled 9% more empty boxes in May 2018 than it did in May 2017, and also had a strong June, handling 201,163 TEU (all containers), a 10% increase on June 2017.


“June container volumes were exceptional, marking the first time our Port has handled more than 200,000 TEUs in a single month,” said SCPA president and CEO Jim Newsome. “We achieved the three highest months of container volume in the Port’s history in March, May and June. As compared to FY2010, SCPA has grown by over 900,000 TEUs for a compound annual growth rate of seven percent. Such growth is a significant accomplishment that reflects a broad expansion of the Port’s cargo base, the commitment of our staff and the overall success of our maritime community.”

Linked InTwitterFacebookeCard

You may also be interested in...

Hutchison raises rail questions

Crowley selects XVELA

Sails for rockets

CMP/DFDS plug-in

Shore power push in Germany

Tracking in Algeria

Related Stories

BGT’s new berths opened

Manila-based International Container Terminal Services Inc (ICTSI) has completed...

Kouvola railway connection to China

Kouvola in south-eastern Finland is looking to capitalise on its intermodal link...

Picking through the bones of Libra Terminais

Santos port authority Codesp is to sell off as scrap two STS cranes at T37, form...

Staying in the game as ships grow

Port of Hamburg operators want the EU to impose an upper limit on the size of co...
Linked In