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Presentation to: 2009 Africa Business Conference Mr. Russell Held Deputy Executive Directory, Development Virginia Port Authority June 18, 2009. The Port of Virginia. The Hampton Roads Harbor. NNMT. Future CIMT. NIT. APM Terminals. PMT.
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Presentation to: 2009 Africa Business Conference Mr. Russell Held Deputy Executive Directory, Development Virginia Port Authority June 18, 2009
The Hampton Roads Harbor NNMT Future CIMT NIT APM Terminals PMT
Newport News Marine Terminals:Top of the Line in Breakbulk Cargo Steel Ro/Ro Rubber Pulp & Paper Lumber • Over 600,000 tons of breakbulk and project cargo are handled annually. • Almost 200,000 square feet of enclosed warehouse space • Ro/Ro berths with extra wide aprons provide easy access and maneuvering room. • On-dock rail enables fast turnaround
Port Capacity and Productivity is Often Measured in TEUs TEU Stands for “Twenty Foot Equivalent Unit” Original Containers Were 20’ Long Today, Most Cargois Moved in 40’ Containers Container Dimensions 20’ One 20’ container = 1 TEU 40’ One 40’ container = 2 TEU 53’ Typical over the road truck
Containers are used to Ship a Large Variety of Consumer Goods Electronics Textiles Toys Beverages Food Cigarettes Raw Materials Almost Anything Can Be Shipped in a Container What’s In The Box?
One 40 ft. Container 1,890Cases = = @ $28.00/Case $52,920 432,000Packs = = @ $5.50/Pack $2,376,000 10,000Pairs = = @ $39/pair $390,000 315 20” TVs = = @ $130/TV $40,185
Intermodal Gateway The nearly 2.1 Million TEUs moving over the Port of Virginia in 2008 were transported by: Barges 5% Rail 31% Trucks 64% Source: Terminal Operator CY2008
James River Barge Service • Commenced December 2008 • Weekly service between the Norfolk & Portsmouth Terminals and Richmond, VA • 120 TEU capacity • Each container moved via the Barge reduces fuel consumption by 31 gallons
The Heartland Corridor • New route will be Double-Stack and will eliminate more than 230 miles • Expected to be Complete in 2nd Qtr 2010
CSX National Gateway Chicago Pittsburgh NYNJPA Columbus St Louis Norfolk Memphis Birmingham Atlanta CSX National Gateway Jacksonville CSXT double stack routes New Orleans Other CSXT routes Tampa Miami NW Ohio Transfer Yard enables CSX service to new major markets • Connects Norfolk to the Midwest and beyond • Expedites traffic through Chicago and St. Louis gateways
What is a Distribution Center? International ContainerArrives at The Port via Ship International Containeris Loaded Onto a Truck Container Arrives at Distribution Center via Truck
What is a Distribution Center? Domestic Container Arrives at Market Goods Repacked Into Domestic Container International Container Unpacked at Distribution Center
Far East to East Coast Transit Routes Port ofVirginia China
Virginia Morocco • Suez Services • Feeder Services from the Med and North Europe • Emerging Markets of Western Africa
Memorandum of Understanding April 2008 - Virginia Port Authority signs MoU with the Tangiers Mediterranean Special Agency signifying a cooperative efforts to build trade between the two ports
Key Components of the MoU • Data interchange • Technological interchange • Modernization and improvements • Joint marketing activities • Market studies • Training
Recent Announcement • CMA CGM’s PEX3 service will provide a direct link between the Port of Virginia and Morocco • The revised PEX3 service will provide the Port of Virginia with the fastest U.S. East Coast transit time of 7 days to Morocco’s Tangier-Med Port. • Effective on June 13, 2009. • The revised PEX3 service will be operated by nine 5,000-TEU vessels.
Presentation to: 2009 Africa Business Conference Mr. Stuart C. Stone, CHB Director, Norfolk Exports Hipage June 18, 2009