POV Sees Cargo Increase

first_imgzoom Cargo volume at The Port of Virginia (POV) grew 6 percent in February, an increase of 10,134 TEUs when compared with the same month last year.“We think February’s volume could have been even greater, but repeated snow storms and resulting lost work days had an impact on us,” said John F. Reinhart, the Virginia Port Authority’s CEO and executive director. “Anything we lost in February, we expect to be made up in March.”“The POV is dedicated to improving our service and operations to accommodate this increasing volume. We must achieve financial stability in the POV and optimize our facilities. The adverse impact of congestion compounded by several winter storms has resulted in continued operating losses. These current losses must be reversed through focus on costs, processes, productivity and coordination with our customers, partners and suppliers.”February’s growth was led by imports, which increased by 8.4 percent (6,515 TEUs) when compared with last February. (This January, growth was led by exports.) There was also growth in breakbulk tonnage, 1.1 percent; rail containers, 5.5%; barge containers, .6 percent; and vehicle units, 7.6 percent.For the first two months of the year, the port’s TEU volume has increased 5.7 percent (18,638 TEUs) when compared with the same period in 2013.Reinhart anticipates the growth in volume to increase through the spring as the G6 vessel-sharing consortium implements changes to its transatlantic services that connect the Europe, the Mediterranean and Asia trade lanes with the US East Coast. Last month, the G6 partners said four-out-of-the-five realigned services will call The Port of Virginia.“Two of those services will be last-out vessel calls, meaning Virginia will be their last US East Coast stop before heading to their foreign destinations; last-out calls can be crucial in developing export business,” Reinhart said.The port continues to have record-high fiscal-year-to-date TEU volumes through February: throughput through February in fiscal 2014 is 1,516,052 TEUs, up 5.3 percent when compared with the same period from fiscal 2013. portofvirginia, March 18, 2014last_img read more

SLMC to meet on polls

The Sri Lanka Muslim Congress (SLMC) is to have a decisive meeting tomorrow on the upcoming provincial council elections.SLMC sources said that the meeting will see the party propose candidates for the Northern, Central and North Western provincial council elections. While most TNA members feel Mavai Senathirajah is the best candidate since he has been in the North most of his life, others feel Vigneswaran may be best with his legal background. (Colombo Gazette) A rift has arisen in the TNA as to who should be nominated as the Chief Ministerial candidate for the Northern Provincial Council elections. There are reports that while one section of the TNA wants TNA General Secretary Mavai Senathirajah to be nominated there are others who are backing former Supreme Court Judge C.V.Vigneswaran for the post.At least two rounds of discussions have been held among the alliance members on the issue but a consensus has not been reached. Meanwhile the Tamil National Alliance (TNA)  will also have a meeting tomorrow on the Northern elections. read more