The Port of Virginia has opened a wider shipping channel to allow two-way traffic of ultra-large container ships, the most significant upgrade of the port's $1.4B Gateway Investment Program.
The wider channel will allow more container ships to berth and improve the efficiency of cargo movement through the port, reducing port stays for container vessels by an estimated 15%.
Ocean freight carriers are putting larger vessels into their East Coast port rotations, with additional ultra-large container vessels on order, Stephen Edwards, CEO of the Virginia Port Authority said, in a statement.
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