The Port of New York & New Jersey today announced completion of the port’s $2.1 billion Main Navigation Channel Deepening Program, in partnership with the U.S. Army Corps of Engineers. The program constitutes a major milestone in the port’s ongoing efforts to retain and augment its position as the premiere port of the North American East Coast. The Port of New York and New Jersey serves as the gateway to one of the most concentrated and affluent consumer markets in the world. The Main Navigation Channel Deepening Program creates a safe and economically efficient pathway for the newest generation of container ships calling the PortRead More →

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

Port officials and employees of GCT USA today welcomed the captain and crew of the MOL Benefactor, the first container vessel to transit the expanded Panama Canal locks and visit an East Coast port, and the largest vessel ever to call on the Port of New York and New Jersey. This event signals a new era in shipping as the port continues to handle the largest vessels now transiting the recently expanded Panama Canal locks. The MOL Benefactor is a new Panama class vessel boasting a 10,100 TEUs (twenty-foot equivalent units) cellular capacity. It is the first vessel to visit any East Coast port afterRead More →

On:
In: Cargo Volumes, Events, Industry News/Advisory
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 →

On:
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 →

On:
In: Cargo Volumes, Events

March 2015 volumes at the Port of New York and New Jersey beat volumes logged in the previous month by 25.5 percent (with 559,264 TEUs handled in March 2015 compared to 445,285 TEUs handled in February 2015). March 2015 volumes also compared favorably to the same month in the previous year. The port handled 484,339 TEUs in March 2014, creating a 15.5 percent boost from this perspective. Port officials say these gains were driven largely by import loads, which rose 23 percent year-over-year to 287,777 TEUs, and export empties, up 28.6 percent year-over-year to 145,436 TEUs. ExpressRail also set a record. The Port Authority’s ship-to-railRead More →

On:
In: Cargo Volumes, Monthly Cargo Volumes