The largest vessel in dimension and container cargo capacity ever to pass through the Panama Canal is headed for the Port of New York and New Jersey, arriving on May 30. The Triton will call at the Port’s largest facility, Maher Terminals, which are capable of handling multiple ultra large container vessels simultaneously. The Neopanamax container ship Triton, built in 2015, has a TEU capacity of 14,424, a 20-row beam of 51.2 meters (168 feet), and is 369 meters (1,211 feet) in length. The Triton is the first ship of this dimension to travel through the Panama Canal since the canal was expanded in 2016.Read More →

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In: Industry News/Advisory, Terminal News

Add April to the list of months in 2019 that posted record-breaking cargo growth at the Port of New York and New Jersey. In April, total volume at the Port rose by nearly 10 percent, accounting for 605,263 TEUs (344,862 lifts) in April 2019 compared to 551,117 TEUs (316,675 lifts) in April of 2018. The gains bring the total volume for January through April to 2,398,108 TEUs, a 7.5 percent increase over the same period of 2018. Import loads (TEUs) were also up at the Port of New York and New Jersey in April, rising by 9.1 percent when compared to April 2018. Import loadsRead More →

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In: Cargo Volumes, Industry News/Advisory, Monthly Cargo Volumes, Terminal News

From attire to accessories, the right combination of textile, color, and pattern allows us to express our personalities, ambitions, and, most importantly, our sense of style. In New York City, the largest retail market in the country, the desire to shop is fueling a growing apparel market, accounting for more than $15 billion in annual sales. While going to a favorite store to search for a particular item may be easy to do, it is the result of a long, concentrated process—and the Port of New York and New Jersey plays a pivotal role in this process. More than 900 fashion companies are headquartered inRead More →

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In: Econ Insight, Industry News/Advisory

The Port of New York and New Jersey continued its streak of record-setting months through the first quarter of 2019. In March the Port moved 585,098 TEUs (333,688 lifts) compared to 572,576 TEUs (327,096 lifts) in March of 2018. This number represents a 2.2 percent increase over the record set the previous year, and the most ever recorded for the month of March. The increase brought the year’s cargo total to an all-time record of approximately 1,800,000 TEUs (20-foot equivalent units) during the first quarter of 2019, which represents a 6.7 percent increase over the same period in 2018. Import loads for the month ofRead More →

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In: Cargo Volumes, Industry News/Advisory, Monthly Cargo Volumes

Director Sam Ruda takes over East Coast’s largest port at time when cargo volumes continue at record levels; New director tasked with driving continued growth and implementing visionary Port Master Plan, a strategic blueprint to deal with continuing growth over the next 30 years; Bethann Rooney, a 26-year Port Authority veteran, assumes new role as deputy director with oversight responsibility for overall port operations The Port Authority today announced that Sam Ruda, the Port Department’s interim director for the past five months, has been named its new director. Mr. Ruda – who came to the Port Authority in 2015 after a 29-year career in transportation,Read More →

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In: Industry News/Advisory