- The Port of Virginia concluded fiscal year 2024 with impressive results, handling 3.5 million TEUs, a 2% increase over the previous year.
- This robust performance solidified the port’s position as a major player in the U.S. maritime industry.
The port’s strategic infrastructure investments, totaling $1.4 billion, are yielding significant returns. Key milestones include the commencement of the North Berth renovation, the transition to 100% clean electricity, and the completion of a wider shipping channel. These enhancements are designed to optimize port operations and accommodate larger vessels.
Expanding Reach and Capabilities
The Port of Virginia is actively expanding its reach through new vessel services to South America and the Indian Subcontinent. The port’s modern terminals and unique business model have proven invaluable, as demonstrated by its ability to handle increased cargo volumes during the Port of Baltimore closure.
A Sustainable Future
By prioritizing sustainability, the port is leading the industry in reducing its carbon footprint. The transition to 100% clean electricity is a significant step towards achieving the port’s goal of net-zero carbon emissions by 2040.
Did you subscribe to our daily Newsletter?
It’s Free! Click here to Subscribe
Source: Port of Virginia
