Ports

Port of Virginia declines Maersk’s billion-dollar bid

One of the biggest container ports in the U.S., Port of Virginia, will not be privatized. This was decided by a majority of the port’s top management Virginia Port Authority Board of Commissioners (VPA Board) on Tuesday.
BY OLE ANDERSEN

One of the biggest container ports in the U.S., Port of Virginia, will not be privatized. This was decided unanimously by the port’s top management Virginia Port Authority Board of Commissioners (VPA Board) on Tuesday. Port of Virginia published the news via its blog and thereby, the billion-dollar proposal from the Maersk Group’s port company APM Terminals has been taken off the table.

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