Maersk’s American dream port shows big progress

Port of Virginia is continuing the progress made by the port during 2012. The latest figures are good news for the state-controlled port authority which wants to continue operating the port in spite of offers from private companies such as Maersk.

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Price of Maersk's new methanol ships drops

Maersk has just ordered six new methanol-powered container ships and now reveals that the added cost of building green ships compared to conventional ones is decreasing. Economies of scale, says equity analyst.

Esvagt pursues Taiwanese offshore wind

The Danish offshore service operator has located a possible partner on the island as a part of high hopes for the local offshore wind market. If successful, Esvagt could be ready to service wind at sea in the far east in a few years.

Related articles

Latest news

See all jobs