Why Virginia is important to Maersk

The Port of Virginia is one of the few ports on the American East Coast capable of handling containerships bigger than 10,000 teu which will be able to pass the Panama Canal from 2014-2015. “Virginia is located very well and is strategically very important”, an industry source tells ShippingWatch.

The American state of Virginia has something that the Maersk-owned APM Terminals wants. The port on the American East Coast state is so attractive that APM Terminals this May to a great surprise for many offered the state USD 4 billion to run the Port of Virginia for 48 years. A spectacular offer which has met objections from a number of interest groups, Maersk Line competitors and companies affiliated to the port.

“The Port of Virginia is relatively important and covers a big part of the American East Coast. The volume handled in the Port of Virginia is not far from the volume handled in New York. Furthermore, the distance to Virginia is shorter when coming from Asia and targeting the American East Coast instead of sailing all the way to New York. So, Virginia is placed really well and is strategically very important”, a source from the industry tells ShippingWatch.

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