McDonnell to announce deal for state lease of Portsmouth port

Well, here’s the official announcement: LINK

Just remember that you heard it here first…

VPA and APM deal done?

I have a sneaking suspicion that Governor McDonnell will announce tonight the completion of the VPA lease of the Norfolk APM terminal. This is a great deal for both APM and the Port of Virginia. You heard it here first…

Fitch downgrades Virginia Port Authority’s Revs to ‘A’

Citing a reduction in container volume, and increased competition from APM Terminals, Fitch recently downgraded their rating on the Virginia Port Authority’s $217.4 million of outstanding revenue bonds to “A”.  Fitch maintained a Stable outlook for VPA.  

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