APM Terminals: Disappointing decision in Virginia

The decision by the majority of the Port of Virginia’s top management to not privatize the port is disappointing, states APM Terminals.

“APM Terminals is disappointed with the decision of the Virginia Port Authority (VPA) Board of Commissioners announced today”, writes APM Terminals in a brief statement.

The company has no further comments on the matter due to the ongoing Private-Public Transportation Act (PPTA) which the company wishes to respect. Yesterday it was revealed that the Port of Virginia, the largest container port in the U.S., will not be privatized after all. The decision was reached unanimously by the top management of the port, Virginia Port Authority Board of Commissioners (VPA Board).

Read the whole article

Get 14 days free access.

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

Maersk Product Tankers expects 2022 to be "not an amazing year"

There’s no doubt that 2021 was a miserable year for the global tanker industry. But 2022 could end up strong, many parties say. Maersk Product Tankers is more doubtful. ”2022 won’t be an amazing year,” CEO Christian M. Ingerslev tells ShippingWatch.

Researcher criticizes TotalEnergies' fuel report

TotalEnergies ignores shipping’s climate adaptions in the company’s prognosis for shipping’s future fuel consumption, researcher says in criticism. Among other things, TotalEnergies supports LNG.

OOCL doubles revenue despite significant drop in volumes

Container line OOCL, owned by China’s Cosco, doubled its revenue in 2021, with the top line for Q4 alone surging by 101.4 percent, the carrier says. This major increase happens despite a dive in container liftings during the quarter.

Related articles

Latest news

See all jobs