New 55’ deep-water terminal is the largest privately owned container terminal in the United States, largest investment in Hampton Roads area
Portsmouth, Virginia (September 7, 2007) — APM Terminals Virginia officially opened its new $450 million, 291-acre container terminal (on 576 acres of land) today to serve customers in the Hampton Roads region. This world-class maritime center, the third-largest container terminal in the United States, is capable of handling 1 million twenty- foot-equivalent units (TEU) annually and has the potential to expand to handle a capacity of more than 2 million TEU. The terminal will serve as an economic engine for new business in the region.