The Port of Virginia completed a challenging but transitional fiscal year ended in June 2020. Like ports around the world, Virginia volumes were impacted by the pandemic. They, however, are also continuing investments which they expect to complete this year that will lay the groundwork for future growth.
For the twelve months ended June, the port reported just over a six percent decline in TEUs with the largest decline in imports (6.5%) with a more modest decline (2.5%) in exports. Breakbulk volume, however, was especially hard hit down by more than a quarter for the year.
June 2020’s results highlighted the impact of the pandemic along with the ongoing impact of the trade tariffs. Total TEUs was down 12 percent in June. The largest declines were in exports down 15 percent, which was more than twice the level of decline in loaded exports. Breakbulk again was very hard hit in June with its tonnage down by half versus 2019.
“Accurately measuring the results of a year turned upside-down by a pandemic is a significant challenge,” said John F. Reinhart, the CEO and executive director of the Virginia Port Authority. “Total cargo volume and revenue are our usual primary metrics, but to get a true picture of what was accomplished in FY20, it is important to take into account our accomplishments beyond the numbers. As we looked more closely at the work we did prior to, and during the pandemic – and outside of our normal metrics — we came away with a unique picture of success in a year of obstacles.”
Commenting on the factors that have impacted the results of the port so far in 2020, they cited the negative effects of the U.S.-China trade war, while noting that the trade talks yielded some resolution on agriculture exports. However, volumes failed to rebound after the normal slowdowns the port expected in January.
“Our trade in the last half of FY20 fell-off significantly, with overall TEU volumes being down more than 12 percent, or 180,000 units,” Reinhart said. “Our average monthly TEU volume during the last half of the fiscal year was 212,000 units, versus 242,000 units for the same period in FY19. During the height of the pandemic, there were 57 regularly-scheduled vessel calls to Virginia that never happened because there wasn’t enough volume.”
While the overall results highlighted the challenges the port reported several encouraging developments including growth in the among of cargo moved by barge as well as private investment inside the terminals.
Laying the groundwork for the future the port also highlights capacity expansion ongoing at its Virginia International Gateway and Norfolk International Terminal which helped to reduce the processing time for rail and time trucks spent on terminal.
“We’ve made significant progress on the capacity expansion at NIT and we’re on target for completion there in the fall,” Reinhart said. “The widening and deepening of our commercial shipping channels (to 55 feet) is running ahead of schedule. We are in the final stages of planning to expand the rail operation at Virginia Inland Port. And though volume was off, the continual focus on efficiency is producing real results.”
The port is also preparing for its upcoming transition in leadership as John Reinhart, who led the port for six-and-a-half years, will be retiring in 2021.
Go to Source
A massive fire broke out at the Port of Beirut on Thursday, incinerating a warehouse full of tires and oil within the port’s free zone. The same area was heavily damaged in the ammonium nitrate explosion that leveled the central port area and the adjacent waterfront on August 4. According to Lebanon’s civil defense agency, […]
Over the course of the past five days, the Australian Maritime Safety Authority arranged a medical intervention for an injured aboard a freighter in the Indian Ocean. On Saturday evening, the Spliethoff tweendecker Dolfijngracht called for assistance while under way about 1,000 nauical miles off the coast of Western Australia. A crewmember had sustained serious […]
The naval forces of the US and Bahrain recently staged a joint force training exercise which showcased the interoperability between coalition warships operating I the Arabian Gulf. Coalition Task Force Sentinel executed combined exercise Sentinel Shield supporting Sentry and Sentinel patrols in the coalition’s area of operations. The guided-missile destroyer USS John Paul Jones and […]
With close to 100 daily cargo flights operated to a destination network spanning more than 65 cities across six continents, Emirates SkyCargo is delivering essential supplies and commodities to people around the world. The air cargo carrier is currently operating 11 Boeing 777 freighter aircraft, each with a capacity to transport about 100 tonnes of […]
The National Transportation Safety Board (NTSB) has released a Marine Accident Brief about an accident that occurred on April 15, 2019, involving the towing vessel DeJeanne Maria which struck the end of a submerged dredge pipeline while pushing two spud barges to the Gulf of Mexico. The incident occurred on the Mississippi River in Pass […]
DSV Belgium has solid experience in the transport of pharmaceutical products for different customers. With a pharma hub based at Brussels Airport a lot of experience and know-how has been built up over the years. Last weekend, the forwarder handled one hundred million mouth masks, an important milestone for its Belgian organisation that has put […]
Best known as a leading passenger airport serving Germany’s most populated federal state North Rhine-Westphalia, Düsseldorf has become transformed into a vital distribution point, during the COVID 19 pandemic, for medical equipment and other life-saving goods, mostly from China. Gerton Hulsman, managing director of cargo operations, reports that the handling teams are working hard to […]
Astral Aviation has increased its intra-African network with cargo freighters during the pandemic. While there has been a reduction in capacity to, from, and within Africa, which has been caused by a stoppage of passenger flights and limited frequencies on freighter aircraft, Astral Aviation continues to operate cargo freighters from its Nairobi hub to 13 destinations […]
The UK government’s new post-Brexit tariff regime will result in both winners and losers. The new regime is set to replace the European Union’s Common External Tariff from the end of the Brexit Transition Period on December 31, 2020. The UK’s commitment to the ongoing Brexit process and ending the UK’s transition from EU membership […]
Global commercial aviation charter company Albion Aviation Group is reporting that it is seeing a considerable uptake in its professional cargo broker training courses from the current global pandemic crisis and surge in charter demand. “We have completed a number webinar courses for a whole of host of companies, looking to manage their own cargo […]
Operators can continue to use pilots and other crew members who have unable to comply with certain training, recent experience, testing, and checking requirements due to the COVID-19 outbreak in support of essential operations. Additionally, this Special Federal Aviation Regulation (SFAR) provides regulatory relief to certain persons and pilot schools unable to meet duration and […]
The U-Freight Group (UFL), with its considerable involvement in eCommerce logistics, says that the latest statistics showing that global e-commerce sales hit $25.6 trillion in 2018 are a further vindication of its decision to enter this sector of the international freight market several years ago. The latest available estimates, up 8% from 2017, were recently […]
Emirates SkyCargo has expanded its weekly scheduled cargo flight operations to cover 75 destinations across six continents. Through its wider reach, Emirates SkyCargo is able to transport essential commodities and other urgently needed cargo more rapidly across the world, allowing exporters and importers across markets to benefit from direct access to widebody cargo capacity. Some […]
Callan Marine is serving as the prime contractor to the Texas Department of Transportation for a maintenance dredging project located at the Bolivar Ferry Terminal, in Galveston, Texas. Work began in May and is estimated to be complete in late July 2020. The project consists of the removal of 600,000 cubic yards of material and […]
Network Airline Management and TAAG Angola Airlines are pleased to announce the renewal of their long-term freighter aircraft contract by an additional 12 months, sealing an ongoing partnership for the foreseeable future. Operating a regular weekly scheduled service from Liege, Belgium, to the capital of Angola, Luanda, Network Airline Management provides a Boeing 747-400F aircraft […]
Qatar Airways Cargo transported 56 SkyCell containers with vaccines from one of the largest vaccine manufacturers worldwide on its scheduled freighter and belly-hold cargo flights for its customer, CEVA Logistics. The 54-tonne shipment consisting of pneumococcal and varicella vaccines were flown from Brussels to Mumbai via the carrier’s hub in Doha on two separate flights. […]