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1 Stewards of Tomorrow THE PORT OF VIRGINIA THE PORT OF VIRGINIA

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Page 1: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

1Stewards of Tomorrow

THE PORT OF VIRGINIATHE PORT OF VIRGINIA

Page 2: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

2Stewards of Tomorrow

ADVANTAGES

• Deep channels ‐ Post‐Panamax ready at 50 ft.  Authorized to 55 ft.

• Only 18 miles from open sea and no overhead aerial obstructions

• Central mid‐Atlantic location on the USEC

• Direct service connections to 80 ports in 43 countries

• Strong terminal infrastructure and robust intermodal connections

• Ongoing expansion/optimization plans

Page 3: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

3Stewards of Tomorrow

HOW WE MOVED THE CARGO: FY 2017

1.57 million containers

7.2% growth over FY 2016

3.0%

+ 11.3% +12.8%+4.6%

36.3% 60.7%

+37.6%

RMT Barge Service

Page 4: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

4Stewards of Tomorrow

TOP TRADING PARTNERSEXPORT IMPORTChina China

Netherlands GermanyBelgium BrazilIndonesia IndiaIndia ItalyJapan Netherlands

Germany SpainVietnam VietnamThailand Turkey

United Kingdom Indonesia

Page 5: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

5Stewards of Tomorrow

TOP COMMODITIES

EXPORT IMPORTPaper and Paperboard, incl. waste Furniture

Soybeans and Products Auto PartsWood Pulp Metalware

Logs and Lumber Paper and Paperboard, incl. wastePet and Animal Feeds Plastic ProductsGrocery Products Ceramic and Mosaic Tiles

Meat Nonalcoholic BeveragesAuto Parts GranitePoultry Coffee

Field Seeds and Bulbs Woodenware

Page 6: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

6Stewards of Tomorrow

Our Terminals

VIRGINIA INLAND

PORT

RICHMOND MARINE

TERMINAL

VIRGINIA INTERNATIONA

L GATEWAY

PORTSMOUTH MARINE

TERMINAL

NEWPORT NEWS MARINE

TERMINAL

NORFOLK INTERNATIONAL TERMINALS

Page 7: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

7Stewards of Tomorrow

• Total Acreage: 567 

• Wharf: 7,300 ft.

• Depth: 50 ft.

• Cranes: 14 that can reach 22‐26 containers across

• Capacity: 820,000 Containers

On‐dock rail service via NS

NORFOLK INTERNATIONAL TERMINALS

Page 8: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

8Stewards of Tomorrow

• Total Acreage: 291 

• Wharf: 3,200 ft.

• Depth: 55 ft.

• Cranes: 8 that can reach 22 containers across

• Annual container capacity: 650,000

Rail service via Norfolk Southern and CSX

VIRGINIA INTERNATIONAL GATEWAY

Page 9: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

9Stewards of Tomorrow

PORTSMOUTH MARINE TERMINAL

• Total Acreage: 287 Multidimensional cargo facility

• Ro‐Ro

• Breakbulk

• Containers

• On‐dock rail service with CSX; also Norfolk Southern via Norfolk and Portsmouth Belt Line

Page 10: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

10Stewards of Tomorrow

NEWPORT NEWS MARINE TERMINAL

• Total Acreage: 143 Wharf: 3,480 ft.

• On‐dock rail service via CSX

• On terminal warehouse space

• Direct interstate access

Page 11: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

11Stewards of Tomorrow

RICHMOND MARINE TERMINAL

• Total Acreage: 121 Wharf: 1,600 ft.

• Container on barge service – 64 Express

• New $4.2M mobile harbor crane

• $600,000 in rail improvements

• 12 ocean carriers offering bills of lading

• New 40‐year lease with City of Richmond

• Rail service via CSX; NS via local switch 

• Break‐bulk capacity

• Approximately 300,000 SF of available on terminal warehouse space

Page 12: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

12Stewards of Tomorrow

VIRGINIA INLAND PORT• Total Acreage: 161

• Five‐day‐a‐week rail service between VIP and The Port of Virginia marine terminals

• Within 1 mile of I‐66 and within 5 miles of I‐81

• Regional economic engine

• 39 major companies using VIP

• NS intermodal rail service between Hampton Roads marine terminals and Front Royal, Virginia

• Tiger Grant Application submitted to expand facility

Page 13: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

13Stewards of Tomorrow

ON‐TERMINALINFRASTRUCTURE PROJECTS

ON‐TERMINALINFRASTRUCTURE PROJECTS

Page 14: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

14Stewards of Tomorrow

NIT NORTH GATE EXPANSION

• 26 new truck gates

• Ties into new I‐564 connector

• Opened on June 30, 2017

Page 15: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

15Stewards of Tomorrow

NIT SOUTH EXPANSION

Increase capacity by 400,000 containers (46%)

2018: first stacks complete

2020: all 30 stacks complete

$350 million investment

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16Stewards of Tomorrow

PHASE II ‐ VIRGINIA INTERNATIONAL GATEWAY

Phase II

$320 million investment

4 new STS cranes

Increases annual container capacity to 1.2M

2018: first stacks complete

2019: all 28 stacks complete

Page 17: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

17Stewards of Tomorrow

Source: Economic Impacts of Virginia’s Maritime Industry, 2013, Raymond A. Mason School of Business, William & Mary

1,000,000 ADDITIONAL CONTAINERS ANNUALLY

(A 40% INCREASE)

286,000 NEW JOBS ACROSS THE STATE$38 BILLION IN SPENDING

$1.1 BILLION IN NEW STATE & LOCAL TAXES

Page 18: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

18Stewards of Tomorrow

CRANEY ISLAND EASTWARD EXPANSION

Page 19: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

19Stewards of Tomorrow

FUTURE CRANEY ISLAND MARINE TERMINAL

522 acre state-of-the-art terminal8,400 ft of wharf; 7 berths28 Suez class container cranes

On-dock intermodal transfer facility5 million TEU capacity$16 billion in NED benefits

Page 20: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

20Stewards of Tomorrow

5 YEARS

• NIT Phase I, VIG II projects complete

• Total POV capacity: >2.6M containers

• Capacity to handle 40% of volume moved by rail

Page 21: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

21Stewards of Tomorrow

10 YEARS

• NIT II, VIG II complete

• Craney Island cells being built

• Total POV capacity: >3M containers

• Capacity to handle 42% of volume moved by rail

Page 22: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

22Stewards of Tomorrow

20 YEARS – AND BEYOND

• Craney Island Phase I & II

• Total POV capacity: 5.5M containers

• Capacity to handle 45% of volume moved by rail

• Craney Island capacity when complete: 2.87M containers

Page 23: THE PORT OF VIRGINIA - Fastmarkets RISI...PORTSMOUTH MARINE TERMINAL NEWPORT NEWS MARINE TERMINAL NORFOLK INTERNATION AL TERMINALS Stewards of Tomorrow 7 • Total Acreage: 567 •

23Stewards of Tomorrow

WE ARE VIRGINIA’S GLOBAL GATEWAY.WE ARE VIRGINIA’S GLOBAL GATEWAY.

TM