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global container shipping industry

Port of Virginia set a new annual record for TEU cargo volume

January 15, 2018 12:05 am Published by

Having handled more than 2.84 million TEUs in 2017, the Port of Virginia set a new annual record for container cargo volume. This container traffic marks a 7 percent increase over last year’s (2016) total.

In 2017, we moved 185,000 more TEUs than we did in 2016, which until now, was our highest volume year on record. For calendar 2017, we had a perfect streak with every month setting a new month-record, bringing us to a new annual record and did this while undertaking the largest infrastructure project in the port’s history.- CEO and executive director of the Virginia Port Authority

Although the number of container ships that called at the Port of Virginia dropped by 9 percent in 2017, the vessels that were hosted were bigger in size with larger loads of container cargo. This is a trend that was expected and one that will continue.

The Port of Virginia is a significant driver of economic investment and jobs throughout the United States. In 2017, the port was instrumental in helping to generate 5,525 jobs, as well as the development of 3.37 million square feet of space that had a total investment value of $1.02 billion.

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