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

  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

“As the agency that oversees the largest port complex on the East Coast, we strongly urge the ILA members to return to work immediately and resolve their differences after they return.  In the meantime, Port Authority Police are actively working to ensure public safety for all of the stakeholders at the port.”  Read More →

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In: Events

On Saturday, January 16, the Atlantic Star arrived at New Jersey Marine Terminals on her maiden voyage. The vessel is the first of five new ships to comprise Atlantic Container Line’s (ACL) G4 fleet. The Star was christened in Liverpool, commenced service in December 2015, and will register under the British flag with a crew of British sailors. The remaining four G4 vessels will arrive during the first half of 2016. The Atlantic Star is a first-of-its-kind vessel, and the largest RORO/Containership (CONRO) ever built. Ships in the G4 class are bigger, greener, and more efficient than their predecessors. They sport a container capacity thatRead More →

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In: Events, Maiden Voyage/Inaugural Port Call