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Global Briefing September 19, 2013 Jodie Love. Virginia Port Authority Structure. Mid Atlantic U.S. Location. The Port of Virginia is within a day’s drive of two-thirds of the U.S. population . VPA Terminals. Cargo Terminals Hampton Roads Harbor. NNMT. NIT. Future CIMT. APM Terminals.
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Mid Atlantic U.S. Location The Port of Virginia is within a day’s drive of two-thirds of the U.S. population
Cargo Terminals Hampton Roads Harbor NNMT NIT Future CIMT APM Terminals PMT
James River Barge Line – 64 Express • Weekly calls between the Port of Virginia and the Port of Richmond • Calls at NIT and PMT • Door service availability • Green transportation alternative
Virginia Inland Port • Five-day-a-week rail service between the VIP and the Hampton Roads marine terminals • Within 1 mile of Interstate 66 and within 5 miles of Interstate 81
2012 Top Commodities Source: PIERS
2012 Top Trading Partners Source: PIERS
2012 Top Customers Source: PIERS
Intermodal Gateway Over 1.9 million TEUs moving over the Port in 2012 were transported by: 4% Barges 32% Rail 64% Trucks Source: Terminal Operator CY2012
Growth Track NS CSX Both CSX and Norfolk Southern are upgrading their rail network in order to send double-stack trains from east coast ports like Virginia to the mid-west.
Economic Impacts • The Port of Virginia is an economic engine for the Commonwealth • 343,000 port and port-related jobs statewide • $41 billion in business revenues • $1.2 billion in state and local taxes • Increased port growth results in more jobs and revenues for the Commonwealth Source: 2006 Economic Impact Study by William & Mary Mason School of Business
Panama Canal vs. Suez Canal Port of Virginia Hong Kong, China Suez Canal Suez Canal Panama Canal Via Panama Canal Distance: 11,021 nautical miles Via Suez Canal Distance: 11,705 nautical miles
Panama Canal Expansion - New Locks Will Accommodate Post-Panamax Vessels 160’ 106’ 18 containers wide 13 containers wide 110’ 180’ Existing Locks Post-Panamax Locks
U.S. East Coast Competitive Ports Water Depth 4,500 TEU 38 ft 8,500 TEU 42 ft Savannah 45 ft Charleston NY/NJ (2012) 12,500+ TEU 50 ft Norfolk Norfolk 55 ft (authorized) Jacksonville Wilmington, NC Baltimore Based on fully loaded vessel
MSC Bruxelles • At 1,105 feet long, the MSC Bruxelles holds the record for the biggest containership ever to enter the Hampton Roads Harbor. • Vessels of this size regularly call on The Port of Virginia • Our channels and terminals can handle these vessels fully loaded unlike any other port on the East Coast
Environmental Programs • On-terminal storm-water retention & treatment • Electric powered ship to shore gantry cranes • LED lighting systems reduce energy consumption • Sound walls minimize noise pollution Ultra low emission locomotives to shunt intermodal rail cars throughout our on-dock rail yard • "GO" program:Voluntary diesel retrofit/ replacement truck and vessel hybridization and fuel switch program http://www.portofvirginia.com/corporate/environment/go-program.aspx
Future Craney Island Marine Terminal Phase 1 – June 2025 Total Acreage: 220 Pier Length: 3000 ft.Depth: 52 ft.Cranes: 6Capacity: 1.5M TEUsCost: $1.2B