Port officials today announced cost reductions for use of the Port of New York and New Jersey. Effective May 1, 2016, the container charge for containers whose destination lies within 260 miles of the port has been reduced by 5.3 percent from $94.00 to $89.00 in all trades except in the Bermuda Trade, which retains its rate of $25.00. The new rates further a trend to reducing operational costs at the Port of New York and New Jersey while welcoming new business and demonstrating loyalty to the old. Cargo containers whose destination lies within 260 miles of the port comprise approximately 60 percent of all containersRead More →

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In: Costs, Econ Insight, Events

The Port Authority of New York and New Jersey announced on Monday April 11, 2016 that it would undertake a comprehensive review of the Port of New York and New Jersey’s more than 3,000 acres of cargo facilities to better evaluate and plan for future growth, improve operations, and enhance revenue plus opportunities for job creation. The agency simultaneously issued a publicly advertised Request for Proposals (RFP 45736) as part of its search for a planning consultant to develop a long-range Maritime Master Plan to guide the port’s future growth and development over the next 25 to 30 years. The Port of NY & NJRead More →

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In: Capital Investments, Econ Insight, Events
MSC at PNCT

To ensure optimum efficiency, MSC’s Everglades service has been renamed ‘Amberjack’ and restructured in partnership with Maersk to include a call at the Port of New York and New Jersey. The Amberjack service calls Qingdao, Shanghai, Xingang, and Busan through the Panama Canal to Savanah before reaching the Port of New York and New Jersey. From there, it continues to Charleston and Jacksonville. This change will be in effect from the first week of May 2016 for all ships departing from Asia. The Amberjack service will continue to enjoy support from the America and Empire services currently in operation. At present, MSC provides four weeklyRead More →

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In: New Service Information
Port Cranes At Work

Container lifts for February 2016 were 12.4 percent better than those logged in February 2015 according to statistics recently released by the Port of New York and New Jersey. The 287,197 lifts executed in February 2016 also represent a new monthly record for the port. Loaded import containers totaled 148,048 units for a 7.4 percent increase over totals for February 2015. Loaded export containers totaled 61,278 units for an increase of 6.6 percent, while export empty containers totaled 76,037 units, representing an increase of 27.8 percent compared to February 2015. Intermodal rail volume was the best February ever at 41,837 lifts. Rail volumes finished aheadRead More →

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In: Cargo Volumes

  Annual cargo volumes at the Port of New York and New Jersey beat the previous record by more than 10 percent according to figures released today. The port handled 6,371,720 20-foot equivalent units (TEUs) (or 3,664,013 cargo containers) in 2015, an increase of 10.4 percent over the previous record set in 2014. The record volumes allowed the port to maintain its position as the busiest on the East Coast with nearly 30 percent of the nation’s total market share. Despite the increases in cargo, the Port of New York and New Jersey has experienced a 33 percent reduction in port emissions pollutants since 2006Read More →

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In: Cargo Volumes, Events