The Port of Virginia has reported August 2021 as its second most productive month in its history.
The Port of Virginia’s August 2021 TEU volume was up by 59,675, an improvement of 24% from the previous year, and up 48,202 units, an increase of 18.6%. Despite this recent success, August 2018 remains the port’s best month on record.
“Our August volume would have been even stronger but there was some disruptions in the vessel schedule that are pushing ship calls into September,” said Virginia Port Authority (VPA) CEO and Executive Director, Stephen A, Edwards.
“We are nearing the height of peak season and do not anticipate a let-up before year’s end. Knowing that, we are focusing on remaining agile and fluid in our operations and continuing to invest in new assets that will increase our efficiency.”
In a statement, the port credited its Virginia model for this success. The model sees the VPA act as both the terminal owner and operator so the port can keep agile and provide measurable results to ocean carriers and cargo owners that are facing congestion and delays elsewhere.
“We own the terminals, and our operating company runs them, and this is an important advantage because we are not beholden to multiple economic interests, especially when we need to be flexible in our operations to accommodate our customers and growing cargo volumes,” Edwards continued.
“The Hampton Roads Chassis Pool (HRCPII) is a great example of the advantages of being an owner-operator. We own and operate HRCP (II) and as a result we can make decisions and take quick action to ensure we have an ample supply of chassis.”