The Port Authority announced today that cargo volumes in the Port of New York and New Jersey are on record pace for 2017. The first six months of this year were 4.4 percent higher than the same period in 2015, when the previous record of 3,093,789 TEUs (twenty-foot equivalent units) was established. Between January and June this year, the port handled 3,229,675 TEUs, compared to 3,041,287 TEUs handled in 2016. The record volumes have allowed the port to maintain its position as the busiest on the East Coast. In June alone, the port handled 584,606 TEUs, the best June on record and the second highestRead More →

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In: Cargo Volumes, Industry News/Advisory, Trade Stats

On Monday, July 17, Orient Overseas Container Line (OOCL) of Hong Kong and Salt Lake City, Utah sailed the largest container ship to date into the Port of New York and New Jersey. The OOCL Berlin sailed into Newark Bay to dock at Maher Terminals Berth 68. A 13,208 TEU vessel, the Berlin measures longer than 1,200 feet (or the equivalent of 4 football fields) and is the largest vessel to transit under the newly elevated Bayonne Bridge roadway. To date, the longest ships to call New York and New Jersey terminals have been 1,000 feet long. Docking pilots from McAllister Towing and Transportation handled the Berlin, whichRead More →

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In: Capital Investments, Cargo Volumes, Events, Industry News/Advisory

Lifts at the Port of New York and New Jersey were 6.7 percent better in May 2017 compared to the same month, previous year. The port handled 325,373 lifts (565,052 TEUs) for a new monthly record overall. Hitting this mark made May 2017 one of the top five best months in Port of NY & NJ history. Import loads also rose 4.8 percent for May 2017 over May 2016 at 163,367 lifts. Export loads rose 2.8 percent to 66,520 lifts while empties rose 13.2 percent 94,031 lifts. Year-to-date volumes of 1,520,939 lifts (2,645,069 TEUs) beat the same count for 2016 by 4.9 percent. At 767,873Read More →

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In: Cargo Volumes

Governor Chris Christie announced today the early completion of a new navigational clearance level at the Bayonne Bridge. The new clearance of 215 feet will allow environmentally friendly cargo vessels of up to 18,000 TEUs to access marine terminals in Elizabeth, Newark, and Staten Island. The Bayonne Bridge’s lower roadway removal was completed seven months ahead of a revised year-end schedule to increase clearance capacity from 151 feet and the maximum vessel size from 9,800 TEUs. “This historic project will create all kinds of jobs and billions of dollars in activity to New Jersey and this region,” Governor Christie said. “All major shipping lines willRead More →

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In: Capital Investments, Cargo Volumes, Industry News/Advisory

The Metropolitan Rail Freight Council (MRFC), a coalition of public and private organizations dedicated to promoting greater rail freight use in the New York-New Jersey metropolitan region, has released its first Action Plan. The Port Authority of New York and New Jersey (PANYNJ) is a founding member of the MRFC, along with the New York City Economic Development Corporation (NYCEDC). The Action Plan is a guidance document outlining recommended steps to create growing rail freight capacity and volumes while investing in and preserving rail freight infrastructure, creating quality jobs, promoting environmental sustainability, creating an infrastructure bank, and ensuring a more resilient freight supply chain forRead More →

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In: Cargo Volumes, Industry News/Advisory