The Port of Virginia has been the center and generator of trade and commerce in Virginia for more than 400 years. Today, more than 70 maritime-related companies are located in the Norfolk Harbor. Private industry sectors include ship repair facilities, ship line offices and headquarters, and terminal operators for coal, grain, fertilizer and other bulk products. Support industries range from logistics, vessel pilotage and cargo examination to container fumigation and customs brokerage. Additional indirect industries include banking, engineering, industrial real estate, consulting, marine surveying and cargo insurance.
Virginia’s deep harbor and channels can accommodate the largest container ships and bulk vessels in the Atlantic and Pacific trade. The Norfolk Harbor is strategically important from military and economic standpoints: it is home to Naval Station Norfolk, the world’s largest navy base, North America’s busiest coal terminals and the nation’s heaviest concentration of shipbuilding and repair services.
(Source: Virginia Advantages Book)
75% of the U.S. population lives within a two-days drives from The Port of Virginia
$6.95 million available in Virginia Port Incentives each year
Home to Foreign Trade Zone (FTZ) #20
Virginia has the third largest state-maintained transportation network, including interstates: I-95, I-81, I-64, I-85, I-77, I-66
63% moved by truck – utilizing a highly-effective interstate system and the PRO-PASS trucker reservation system
A top-performing North American port and the most efficient move in any supply chain.
WHY VIRGINIA?
$2 BILLION + INVESTED
in port-related economic development in 2019
18 NAUTICAL MILES OR 2.5 HOURS
to open sea with no air draft restrictions
2 CLASS I RAILROADS
operating on-dock –Norfolk Southern & CSX
26 SUEZ-CLASS
ship-to shore cranes port-wide
RESPONSIBLE FOR NEARLY 400,000 jobs
8 MILLION + SQ. FT.
of industrial development space since 2016
ASIA SERVICE OFFERINGS
from both Panama Canal and Suez Canal
16 MIDWEST AND SOUTHEAST inland points served by rail
HRCP II PROVIDES A TRUE GRAY CHASSIS POOL
across container operations.
RECIPIENT OF Elizabeth River Project Star Awards
218 PORT RELATED ECONOMIC DEVELOPMENT ANNOUNCEMENTS
over the past 5 years
NEARLY 30 INTERNATIONAL SHIPPING LINE SERVICES
offer direct access to more than 90 foreign ports
55’/16.76M CHANNEL DEEPENING PROJECT
will be complete in early 2025
$2 BILLION + INVESTED in port-related economic development in 2019
* Sourced from Virginia Port Advantages
