1 of 22

Cathie J. Vick

Chief Development & Public Affairs Officer

The Port of Virginia

1

2 of 22

2

6 Terminals. Unlimited Possibilities

2

3 of 22

3

Supply Chain Crisis

“Legislators propose federal office to manage supply chain crises.” 

“America’s 4th largest container port sees surge in congestion.”

“It’s not sustainable: What America’s port crisis looks like up close.”

“Ocean delays turn desperate retailers to the skies, increasing emissions.”

“$22B worth of cargo is now stuck on container ships off California.”

“Record shattered: 65 container ships stuck waiting off California.”

3

4 of 22

Port of Virginia Advantages

“Port of Virginia weathers record volumes with automation, agility.”

“Virginia chassis modernization on track for 2022 completion.”

“The Port of Virginia, America’s Most Automated Port Had Its ’Most Productive Year’ in 2021.”

“Port of Virginia Remains Agile, Fluid as Peak Season Approaches.”

4

5 of 22

Top Performing Port in North America

Top Performing Port in�North America

Ranked #23 Globally

Source: The Container Port Performance Index, 2021, World Bank Group, and S&P Global Market Intelligence

​

5

6 of 22

6

Container Terminal Comparison

Growth 2021 vs 2020 (%)

Contains confidential and commercially sensitive information pursuant to VA Code Section 2.2-3705.6.1 and VA Code Section 62.1-132.4.

6

7 of 22

7

POV FY21 & FY22 Volumes

​

FY 2021

FY 2022

Change

% Change

Total TEUs

3,221,000

3,695,156

474,156

14.7%

Export Loaded TEUs

1,016,040

1,045,765

29,725

2.9%

Export Empty TEUs

663,474

838,589

175,115

26.4%

Import Loaded TEUs

1,520,647

1,768,850

282,204

16.3%

Total Rail Containers

581,868

653,739

71,871

12.4%

Total Truck Containers

1,127,714

1,313,659

185,945

16.5%

Ship Calls

1,538

1,471

(67)

-4.4%

7

8 of 22

8

8

9 of 22

9

Virginia International Gateway (VIG)

9

10 of 22

10

Norfolk International Terminals (NIT)

10

11 of 22

11

11

12 of 22

Dredging Complete End of 2024

12

13 of 22

13

13

14 of 22

14

14

15 of 22

15

Offshore Wind Hub at PMT

15

16 of 22

16

VA Distribution & Manufacturing Centers

16

17 of 22

17

FY18 – FY22 Port Related ED Investments

Total Announcements: 169

Square Footage: 23,541,136

Investment: $7,379,717,673

Jobs: 17,657

17

18 of 22

18

18

19 of 22

Economic and Industry Conditions

​

  • Slowing economic growth

​

  • Inflation expected higher for longer

​

  • Declining consumer and business confidence

​

  • Deteriorating global manufacturing outlook

Macroeconomic

  • Supply chain strains subside

​

  • Freight rates normalize

​

  • Unprecedented newbuild capacity coming online

​

  • US West Coast volumes falling

Industry

  • Volume growth to slow down as anticipated with significant uncertainty and downside risk remaining

The Port of Virginia

Confidential proprietary information and data pursuant to §2.2-3705.6(1) and §62.1-132.4 of The Virginia Freedom of Information Act

19

20 of 22

USEC Ports Market Comparison FY22-FY23

 

FY 2023

FY 2022

Change

% Change

New York / New Jersey

1,054,982

997,076

57,906

5.8%

Savannah

762,148

708,835

53,313

7.5%

The Port of Virginia

449,910

429,699

20,211

4.7%

Charleston

322,348

357,643

(35,295)

(9.9%)

Baltimore

126,443

115,957

10,486

9.0%

Wilmington, NC

38,848

41,259

(2,411)

(5.8%)

Total East Coast Ports

3,249,701

3,200,363

49,338

1.5%

*Total East Coasts Ports includes: NY/NJ, Philadelphia, Wilmington,DE, Baltimore, Port of Virginia, Wilmington,NC, Charleston, Savannah, Jacksonville, Port Everglades and Miami.

*Fiscal period included July through August

*Source PIERS - Loaded TEUs

Confidential proprietary information and data pursuant to §2.2-3705.6(1) and §62.1-132.4 of The Virginia Freedom of Information Act

20

20

21 of 22

21

Active Developments in Hampton Roads

Source: Colliers: Virginia Industrial Report Year End 2021

​

21

22 of 22

Thank you

22