Hanjin Czech

The Hanjin Czech arrived on its maiden voyage calling at Maher Terminals on Tuesday, December 8. To salute this event, Port Authority officials presented a commemorative plaque to the ship’s Captain, Jun Inbom, along with representatives of Maher Terminals and Hanjin Shipping.  The new vessel is dedicated to the “AW8” string, which is operated in a Vessel Sharing Agreement (VSA), along with Hanjin’s four partners: COSCO, K-Line, Yang Ming, and Evergreen (CKYHE). The Czech was launched in November this year from Hanjin’s shipbuilding subsidiary located in Subic, Philippines. In addition to building the Czech, Hanjin remains owner and operator of the new vessel.  The shipRead More →

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In: Events, Maiden Voyage/Inaugural Port Call

On December 10, the Board of Commissioners for the Port Authority of New York and New Jersey approved the agency’s operating and capital budget for fiscal year 2016, worth a combined $6.5 billion. Allocations include $3 billion for the agency’s Operating Budget and $3.5 billion for its Capital Budget. Of particular note for the Port of New York and New Jersey: $8 million from the Operating Budget is slated for future planning, including a Port Commerce master plan to optimize land use, and operation of an agency wide operations center for enhanced system wide trans-Hudson transportation management. $952 million from the Capital Budget is slatedRead More →

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In: Capital Investments

The Port Authority of New York and New Jersey together with New York Shipping Association held its annual year-end industry briefing for members of the Port of New York and New Jersey community on Thursday, December 3, 2015. The event, held at Newark Liberty’s International Airport Marriott, welcomed more than 225 maritime transportation professionals representing all sectors of the industry: container, auto and bulk operators, ocean carriers, longshoremen, truckers, intermediaries, and warehouse operators. Molly Campbell, the Port Authority’s Director of Port Commerce, offered brief welcoming remarks that celebrated the success of various recent programs. Highlights included: consistent record-breaking cargo volumes throughout 2015, the Port AuthorityRead More →

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In: Events

Cargo volumes at the Port of New York and New Jersey (PONYNJ) achieved year-over-year growth for the 13th consecutive month in October 2015. October container moves totaled 311,992 units, a 1.7 percent increase over October 2014. October tallies put the port’s year-to-date, container numbers ahead of 2014 by 11 percent, which amounts to an additional 307,373 container units. On the import side, loads for the month totaled 154,667 lifts. While down 1.7 percent from October 2014, import loads remain ahead of 2014 by 9.8 percent. Export loads for the month totaled 66,351 lifts, down 6.4 percent compared to October 2014 levels. Year-to-date, export loads areRead More →

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In: Trade Stats

Beginning January 1, 2016, the reimbursement for trucks calling at Global Container Terminals-New York (GCT-NY) will increase to $11.14 per axle. Undertaken in September 2013, the Toll Reimbursement Program fosters economic parity at the Port of New York and New Jersey. The reimbursements help to offset expenses not paid by trucks calling at other marine terminals where crossing a bridge and incurring subsequent tolls is unnecessary. As of December 6, 2015, the cost for a truck using E-ZPass to cross a Port Authority bridge rose to $18/axle. Starting January 1, 2016, the GCT-NY Toll Reimbursement Program will refund $11.14 per axle to participating truckers onRead More →

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In: New Service Information