Economy of Norfolk, Virginia

The region also plays an important role in defense contracting, with particular emphasis in the shipbuilding and ship repair businesses for the city of Norfolk.

[2] After the military, the 2nd largest and most important industry for Hampton Roads and Norfolk based on economic impact are the region's cargo ports.

In addition, just across the Elizabeth River in Portsmouth, Maersk is spending $450 million to open the largest container terminal on the East Coast sometime in late 2007.

The coal is loaded onto trains and sent to the port where it is unloaded onto large breakbulk cargo ships and destined for New England, Europe, and Asia primarily.

Most major shipping lines have a permanent presence in the region with some combination of sales, distribution, and/or logistical offices, many of which are located in Norfolk.