Overview of The Port of Virginia

Growth Challenges and Opportunities

Heather L. Wood

Director, Environmental Affairs

Virginia Port Authority

AAPA Harbors Navigation & Environment Seminar

May 2, 2012

Global Growth (IMF) Drives Demand

2

5.4%

8.7%

1.5% 2.3%

8.5%

3.9%

U.S. Containerized Cargo Forecast

0

10,000,000

20,000,000

30,000,000

40,000,000

50,000,000

60,000,000

70,000,000

80,000,000

90,000,000

1974

1976

1978

1980

1982

1984

1986

1988

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010

2012

2014

2016

2018

2020

2022

TEUs Forecast GDP (2-3%)

Forecasted: 40 M TEUs

Growth by 2022

• Container Traffic Will Grow at Twice the

Rate of the GDP

• Ports with Capacity will be in Best Position

to Capture Traffic

TEUs

Emerging Markets Shifts Demand

2

World Trade Lanes Shifts in Trade Good for Port of Virginia

2 2

China to East

Coast Through

Panama Canal

India/Southeast Asia to

East Coast Through

Suez Canal

3

1

1 1

1

China to West Coast

Panama Canal Expansion Will Increase Business at Port of Virginia

• Route for Asia to

Atlantic Ports

• Completion by 2015

• Virginia is the only

east coast port with

deep enough

channels for biggest

ships

Ideally Located

• Central location along the Atlantic Coast

• Nearly tow-thirds of the nation’s population and 50 percent of the manufacturing activity are within a day’s drive of the Port of Virginia

• Well-developed transportation system provides access to major markets: The 3rd largest state maintained transportation network

• The 3rd largest container port on the U.S. East Coast and the Virginia Inland Port provides an interface between truck and rail services for transfer of ocean-going containers

50 Foot Channel Depth

55 ft. channel authorized

(includes 60 ft. Atlantic Ocean

channel)

U.S. East Coast

Competitive Ports Water Depth

NY/NJ (2012)

Savannah

Charleston

Norfolk

38 ft

42 ft

45 ft

50 ft

Norfolk 55 ft (authorized)

4,500 TEU

8,500 TEU

12,500+ TEU

Wilmington, NC

Baltimore

Based on fully loaded vessel

Jacksonville

Norfolk International Terminals

Rail Gateway to the Midwest

Serviced by Two Class 1 Railroads

•Expanded On Dock Rail Yard at NIT

•Dual Access at APMT

•Dual Access at PMT for Breakbulk and/or RoRo

•CSX Breakbulk rail service at NNMT

Higher Percentage of Railed Cargo Than Other U.S. East Coast Ports

The Heartland Corridor

New route is double-stack eliminates more than 230 miles. Opened Sept. 2010.

NY/NJ/PA

Norfolk

Chicago

St Louis

Memphis

New Orleans

Tampa

Miami

Jacksonville

Atlanta Birmingham

Columbus

Pittsburgh

CSX National Gateway

CSXT double stack routes

Other CSXT routes

– Connects Norfolk to the

Midwest and beyond

– Expedites traffic through

Chicago and St. Louis

gateways

– NW Ohio Transfer Yard

enables CSX service to

new major markets

The National Gateway

APM Terminals Virginia Leased to the VPA, Operated by VIT, Inc.

Phase 1 – Sept. 2007

Total Acreage: 230

Pier Length: 3,200 ft

Depth: 55 ft

Cranes: 6

Capacity: 1 Million TEUs

Cost: $500 Million

CSX and NS Served

APMT Phase 2

APMT I APMT II

• Most Technologically-Advanced Marine

Terminal in North America

• Room for Expansion

Port Briefing

NIT

PMT

NNMT

CIDMMA

APM

Patriot’s Crossing

Craney Island

Road & Rail Connector

Commonwealth Railway

Safety Mainline

Relocation

Craney Island

Marine Terminal

I-564 Connector

Chesapeake

Bay

50 ft. Deep

Water

Access,

Unrestricted

Air Draft

Regional Transportation Projects

Phase 1 – June 2025

Total Acreage: 220

Pier Length: 3000 ft.

Depth: 52 ft.

Cranes: 6

Capacity: 1.5M TEUs

Cost: $1.2B

Future Craney Island Marine Terminal

MSC Bruxelles

• At 1,105 feet long, and

9,200 TEUs, the MSC

Bruxelles holds the

record for the biggest

containership ever to

enter the Hampton

Roads Harbor.

• Regular service to the

Port of Virginia

• Our channels and

terminals can handle

these vessels fully

loaded unlike any

other port on the East

Coast

The Port of Virginia's Response

• OPEN FOR BUSINESS – NOW!

• 22 Suez/Post-Panamax Cranes

• 50’ Channel

• No Air Restrictions

• 2 World Class Rail Roads

• $3B+ Public – Private Infrastructure

Investment

Overview of The Port of Virginia

Growth Challenges and Opportunities

Heather L. Wood

Director, Environmental Affairs

Virginia Port Authority

AAPA Harbors Navigation & Environment Seminar

May 2, 2012