The Port of Virginia is close to finishing its US$1.4 billion Gateway Investment Program, with deeper channels and a new berth for ultra-large container vessels set to be delivered in early 2026, reported the American Journal of Transportation.
In February, the port will complete a $450 million dredging project, creating 55-foot-deep channels wide enough for two-way traffic of the largest ships on the Atlantic trade without tidal restrictions.
Interim CEO Sarah J McCoy said deep water is as vital as landside assets to remain competitive. She added that modern terminals and deeper channels make Virginia the logical choice for big ships.
The port is also inaugurating a fourth ULCV berth at Norfolk International Terminals South, equipped with four new Suez-class cranes. This gives Virginia two ULCV berths each at NIT South and Virginia International Gateway.
A fifth berth is planned at NIT North, due in 2027 after a $650 million reconfiguration.
Chief sales officer Thomas D Capozzi said the modernization ensures capacity for growth, noting the port's recognition as International Port of the Year by Lowe's for the fourth consecutive year.
Mr Capozzi said the Gateway Investment Program will provide annual throughput capacity of nearly six million TEU and two million rail lifts, supported by the deepest channels on the US east coast.
https://www.shippingazette.com/news?news_id=9260100000239
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