Logistics And Frieght Forwarding

Port working on deal with Finnish crane manufacturer

The big changes heralded at the Port of Virginia are on track to make a Finnish crane manufacturer very happy. Konecranes, based in Hyvinkaa, Finland, has received a “notice of intent” from the Virginia Port Authority for the awarding of two contracts that will bring 86 automated stacking cranes to the port, the company announced last week. The terms are still being finalized and the authority’s board has to give its final approval, which is expected to come at its meeting in mid-November.

The two contracts together will be worth more than £218 million, making it the largest deal in the company’s history, Konecranes said. The company said 60 of the new cranes will go to Norfolk International Terminals and 26 to Virginia International Gateway in Portsmouth. Deliveries will start in 2018 and end in 2020.

The remotely operated cranes – also known as “automated rail-mounted-gantry cranes” – load and unload cargo containers to and from trucks. A state-backed bond deal approved by the General Assembly this year is providing £350 million for an expansion at NIT that will boost its capacity by 46 percent. Last month, Gov.

Terry McAuliffe and top state and port leaders signed a nearly 50-year lease of Virginia International Gateway, which provides for a £321 million buildout of the facility.

Leave a Reply

Your email address will not be published. Required fields are marked *