BAT Lights Up, Honda Accelerates As Norfolk Port Expansion is Completed — Panjiva
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BAT Lights Up, Honda Accelerates As Norfolk Port Expansion is Completed

Cons. Discr. - Autos 1247 Consumer Staples 805 Corp - Ports 909 Mode - Containerized 1524 Mode - Seaborne 1845 U.S. 5399

The Port of Virginia has completed a series of investments that will allow larger container vessels to use the port, potentially adding 40% ot the facility’s capacity at Norfolk. That follows a 13.9% surge in imports in the 12 months to May 31. While the U.S.-China trade war could overhang the port’s operations for an extended period, China only accounted for 32.7% of total inbound handling in the 12 months to June 30. Europe represented 31.0%. Shipments from outside China and Europe have been growing rapidly, with a 16.6% year over year surge in 2Q. Leading importers using the port from...

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