Richmond, Virginia - The Port of Richmond, Virginia and Federal Marine Terminals, Inc.(FMT) have decided not to renew their terminal operations agreement effective September 30, 2009. FMT has been the Port’s Terminal Operator since 1996 and operates terminals in eight different ports from Florida to Canada. The Port of Richmond’s business mix has recently changed driving the need to change its’ operating paradigm. A seamless transition is expected to the new Terminal Operator.

The Port of Richmond is interviewing terminal operating companies and will select a new Terminal Operator by July 2009. The Port has provided stevedoring and terminal services since 1940 to the domestic and international shipping industry.

Contact: David McNeal, (804) 646-2020