The Port of New York and New Jersey welcomed one of the world’s most advanced, High-Efficient Ro-Ro (HERO) ships, the M/V Titus, on Tuesday, July 31, when it completed its maiden voyage from Asia to Port Newark’s Berth 13. The new M/V Titus can handle a wider range of cargo types with increased capacity and optimized fuel efficiency, reducing its energy consumption and emissions. The M/V Titus is the first in a series of four new Post-Panamax vessels due to enter the Wallenius Wilhelmsen Ocean (WW Ocean) fleet. It is the first large car and truck carrier ever built in the CSIC Xingang shipyard in China.Read More →

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In: Events, Industry News/Advisory, Uncategorized

On July 26, 2018, the Port of New York and New Jersey reported a new record for the first half of 2018 with cargo volumes up 6.8 percent over the same time period in 2017, when the previous six-month record was established. To date, the Port handled 3,450,469 TEUs (20-foot equivalent length cargo containers) compared to 3,229,675 TEUs between January and June in 2017. The increase reflects a spike in import and export loaded containers. Loaded import containers, consisting primarily of furniture, appliances and beverages, increased by 7.8 percent; while exported containers increased by 9.2 percent. A primary driver of the cargo growth is attributedRead More →

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In: Cargo Volumes

The Port of New York and New Jersey achieved a monthly record for June.  Total volume for June 2018 was 625,366 TEUs (357,382 lifts) versus 584,606 TEUs (335,702 lifts) in June 2017, a 7.0% increase.  Import loads (TEUs) were up by 5.2% in June 2018 vs. June 2017 and export loads (TEUs) increased 6.0% in June 2018 vs. June 2017. Export empties increased 11% totaling 183,809 TEUs in June 2018 versus 165,585 TEUs in June 2017. Rail volume increased 7.9% from the previous year’s June figure, totaling 54,706 containers for June 2018. This is the fourth consecutive month of rail volume above 50,000 containers. RailRead More →

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In: Cargo Volumes

On Friday, July 20, 2018, the M/V One Stork, a 14,026 TEU Ultra Large Container Ship (ULCS), docked at Global Container Terminal in Bayonne, New Jersey on its maiden voyage. Built at the Kure shipyard in Japan and launched June 12, the Japanese flagged vessel called ports in China and Southeast Asia, and then sailed to the Port of New York and New Jersey via the Suez Canal. The One Stork is one of 12 ships in the EC4 service, operated by The Alliance partners of Hapag Lloyd, Yang Ming Lines and the One, and will become the first service to employ all 14,000 TEURead More →

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In: GCT Bayonne

Continuing the streak, the Port of New York and New Jersey hit another monthly record in May. Total volume for May 2018 was 593,625 TEUs (340,890 lifts) versus 565,052 TEUs (325,373 lifts) in May 2017, yielding a 5.1% increase. Import loads (TEUs) were up by 6.6% in May 2018 vs. May 2017 and export loads (TEUs) increased 9.3% in May 2018 vs. May 2017. Rail volume soared 19.6% from the previous year’s May, hitting a monthly record with 57,732 containers. This makes three consecutive months of rail volume above 50,000 containers. Rail volume, January through May 2018, is 16.6% greater than in the same periodRead More →

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In: Cargo Volumes, Industry News/Advisory