Skip to content
Search AI Powered

Latest Stories

newsworthy

Port of Virginia installs four cranes to handle cargo growth

Expansion project will boost container capacity 40 percent by 2020.

Port of Virginia installs four cranes to handle cargo growth

The Port of Virginia will receive four new ship-to-shore (STS) cranes on Monday as the latest step in its $320 million capacity expansion project set for completion in June, officials said Wednesday.

Once operational, these 170-foot-tall cranes will be the largest on the U.S. East Coast and will be able to service the ultra large container vessels (ULCVs) calling at Virginia International Gateway (VIG) for decades to come, the Norfolk, Va.-based port said.


This delivery marks the completion of the port's 2017 approval of a $44.8 million order from Shanghai, China-based Zhenhua Heavy Industries Co. Ltd. (ZPMC). Under terms of the contract, ZPMC is set to provide the cranes, parts, delivery, and installation, including their arrival aboard ZPMC's Zhen Hua 27ship next week.

The expansion comes just weeks after the port said it had set a new record for the amount of cargo volume handled in a single month, processing more than 270,000 TEUs (twenty-foot equivalent units) in November.

The remainder of the expansion project includes upgrades to the facility's berth, rail operation, and stack yard and will bring its annual container throughput capacity to 1.2 million units. Combined with another expansion, the work will increase the port's overall annual container capacity by 40 percent, or 1 million container units, by 2020, port officials said.

"These cranes are the biggest of the big - the largest ZPMC has ever delivered to the U.S.," Virginia Port Authority (VPA) Board Chairman John G. Milliken said in 2017, following the port's approval of the crane order. "What is unique about these cranes is their outreach; they will be able to reach across a vessel that is 26 containers wide, which is three-to-four containers wider than most cranes. We anticipated needing this capacity (of the cranes) for the ships that will be coming to Virginia 10 years from now. When that day comes The Port of Virginia will be ready."

Overall, the Virginia Port Authority (VPA) and its subsidiary Virginia International Terminals LLC (VIT) own and operate four general cargo facilities: Norfolk International Terminals, Portsmouth Marine Terminal, Newport News Marine Terminal and the Virginia Inland Port in Warren County.

The Latest

More Stories

Report: Five trends in AI and data science for 2025

Report: Five trends in AI and data science for 2025

Artificial intelligence (AI) and data science were hot business topics in 2024 and will remain on the front burner in 2025, according to recent research published in AI in Action, a series of technology-focused columns in the MIT Sloan Management Review.

In Five Trends in AI and Data Science for 2025, researchers Tom Davenport and Randy Bean outline ways in which AI and our data-driven culture will continue to shape the business landscape in the coming year. The information comes from a range of recent AI-focused research projects, including the 2025 AI & Data Leadership Executive Benchmark Survey, an annual survey of data, analytics, and AI executives conducted by Bean’s educational firm, Data & AI Leadership Exchange.

Keep ReadingShow less

Featured

aerial photo of port of miami

East and Gulf coast strike averted with 11th-hour agreement

Shippers today are praising an 11th-hour contract agreement that has averted the threat of a strike by dockworkers at East and Gulf coast ports that could have frozen container imports and exports as soon as January 16.

The agreement came late last night between the International Longshoremen’s Association (ILA) representing some 45,000 workers and the United States Maritime Alliance (USMX) that includes the operators of port facilities up and down the coast.

Keep ReadingShow less
Logistics industry growth slowed in December
Logistics Managers' Index

Logistics industry growth slowed in December

Logistics industry growth slowed in December due to a seasonal wind-down of inventory and following one of the busiest holiday shopping seasons on record, according to the latest Logistics Managers’ Index (LMI) report, released this week.

The monthly LMI was 57.3 in December, down more than a percentage point from November’s reading of 58.4. Despite the slowdown, economic activity across the industry continued to expand, as an LMI reading above 50 indicates growth and a reading below 50 indicates contraction.

Keep ReadingShow less
forklifts in warehouse

Demand for warehouse space cooled off slightly in fourth quarter

The overall national industrial real estate vacancy rate edged higher in the fourth quarter, although it still remains well below pre-pandemic levels, according to an analysis by Cushman & Wakefield.

Vacancy rates shrunk during the pandemic to historically low levels as e-commerce sales—and demand for warehouse space—boomed in response to massive numbers of people working and living from home. That frantic pace is now cooling off but real estate demand remains elevated from a long-term perspective.

Keep ReadingShow less
drawing of warehouse for digital twin

Kion Group teams with Accenture and Nvidia to design intelligent warehouses

German lift truck giant Kion Group will work with the consulting firm Accenture to optimize supply chain operations using advanced AI and simulation technologies provided by microchip powerhouse Nvidia, the companies said Tuesday.

The three companies say the deal will allow clients to both define ideal set-ups for new warehouses and to continuously enhance existing facilities with Mega, an Nvidia Omniverse blueprint for large-scale industrial digital twins. The strategy includes a digital twin powered by physical AI – AI models that embody principles and qualities of the physical world – to improve the performance of intelligent warehouses that operate with automated forklifts, smart cameras and automation and robotics solutions.

Keep ReadingShow less