Latest Story
12 Va. companies join VEDP’s export trade program
VALET program helps companies work on international export strategies
The Virginia Economic Development Partnership (VEDP) announced Wednesday that 12 companies were accepted into its two-year Virginia Leaders in Export Trade (VALET) program, which helps companies work on international exporting growth strategies. The VALET program helps Virginia companies to establish domestic operations for exports and encourages using international exporting as a growth strategy. During the
Trending
Sponsored Stories
Majority of Americans Believe They are Likely to Be Impacted by a Natural Disaster, Few are Financially Prepared: AICPA Survey
Are your freight costs going up?
HP Hood LLC Benefits from Combined Heat and Power (CHP) Technology
COVID-19 and Middle-Market M&A: Where do we go from here?
Demystifying the Patenting Process – The Value Add of Patents
More Stories
Sailing for the horizon
Despite pandemic disruptions, the Port of Virginia looks to the future
Published
Tariff wars and the COVID-19 pandemic delivered a one-two punch to the Port of Virginia, but officials are focusing on the positive as expansions are completed at the port’s two largest terminals, and a dredging project to make Virginia the East Coast’s deepest port is running ahead of schedule. The third-largest East Coast port behind
Ship repair company building $64.4M Newport News campus
S23 Holdings and affiliate East Coast Repair and Fabrication will create 332 jobs
Published
S23 Holdings LLC, a maritime company focused on ship repair and manufacturing, plans to locate its corporate and industrial campus in Newport News, Gov. Ralph Northam announced Tuesday. The company, which includes among its affiliates East Coast Repair and Fabrication (ECR), will invest $64.4 million and is expected to create 332 jobs. ECR already has
Advertisement
Port expansion project nears finish line
Final cranes delivered to Norfolk International Terminals last week
Published
The Port of Virginia announced Monday that the final group of stacking cranes needed to complete the $375 million crane addition portion of expansions at both the Norfolk International Terminals and Virginia International Gateway arrived May 14. The offloading process began the next day, Friday, May 15, and continued through the weekend. During the past
Virginia Port Authority CEO retiring next March
John Reinhart made announcement at Tuesday board meeting
Published
John F. Reinhart, CEO and executive director of the Virginia Port Authority, which oversees the Port of Virginia, announced at a board meeting Tuesday that he plans to retire in March 2021. “A lot of thought went into this decision, but when I consider the growth and maturity of this organization and the level of
Viral load
Port feels effect of coronavirus early but remains busy
Published
Like a canary in a coal mine, the Port of Virginia felt the impact of COVID-19 well before others in Virginia started to feel it. In February, the port saw a 9% drop in cargo compared with February 2019, a decrease attributed in part to the outbreak’s origins in China. In 2018, China was the
Executive profiles
Published
We asked leaders in Virginia’s maritime and logistics industry for their thoughts on the Port of Virginia expansion and the impact of the COVID-19 pandemic on shipping. Click to expand photos. Interviews follow. VB: How will the Port of Virginia expansion impact Virginia’s economy? Adams: The Central Chapter encompasses the area around Richmond and is
In the big leagues
Port’s expansion projects put state in a leading position
Published
Virginia is strengthening its claim as a leading port on the East Coast. The Port of Virginia is midway through a $700 million project to expand its two largest terminals, which will allow the port to handle an additional 1 million container units per year. The $320 million expansion of Virginia International Gateway in
Inland empire
Ports in Richmond, Front Royal receive upgrades
Published
The Port of Virginia is investing in its two inland ports to boost capacity and maintain efficiency while handling greater volume from its Hampton Roads terminals. A record 2.93 million 20-foot equivalent units, or TEUs, passed through the Port of Virginia system in 2019, a 3% increase over 2018. “As we expand our primary terminals
A watershed moment
Coronavirus prompts rethinking, but Norfolk hopes for renewed growth
Published
Only a few months ago, the economies of the historic port city of Norfolk and the greater Hampton Roads region, with which it is inextricably intertwined, were continuing to rebound after emerging from what Old Dominion University’s 2019 State of the Region report has called “the lost decade.” During the period from 2007 to 2016,