Virginia Port Authority sets security surcharge
The Virginia Port Authority (VPA) said it will begin assessing a security surcharge on cargo moving through the Port of Virginia, effective July 1.
The surcharge will be $2 per container and 10 cents per short ton for breakbulk cargo. A flat annual rate will be assessed on terminal auto import operators and will be based on volume, the Authority said in a statement.
Port officials said the security surcharge will be used as a means to finance additional security measures mandated by the Maritime Transportation Security Act of 2002.
The surcharge will be administered by the authority's non-profit operating company, Virginia International Terminals.
The Virginia Port Authority, on behalf of the state, owns Norfolk International Terminals, Portsmouth Marine Terminal, Newport News Marine Terminal, and the Virginia Inland Port in Warren County. All of the facilities are operated by Virginia International Terminals.