Port of Virginia, the sixth-largest container port in the US, of which Maersk and a number of international equity funds wish to take control, continues to show a significant growth in the freight volumes, new port statistics show.
In September the East Coast port handled 182,318 teu which is a year-on-year increase of 11 percent. The overall growth in the first nine months of 2013 is 8.3 percent and this year’s progress seems to have come at an unusually beneficial time for the public authority, Virginia Port Authority, operating the port and which has presented an offer for the future operation of the port in competition with APM Terminals, Carlyle Group and a consortium consisting of e.g. Deutsche Bank.
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