Port Authority to immediately launch nationwide search for new director for Port of New York and New Jersey  New Director will take over Port of New York and New Jersey at critical time with cargo and rail volumes at record levels and Port Master Plan nears completion  The Port Authority announced today that it will launch a nationwide search for a new director of its Port Department to succeed Molly Campbell, who will leave her position on October 26 to become a 2019 University Fellow as part of Harvard University’s Advanced Leadership Initiative. Ms. Campbell joined the Port Authority on July 27, 2015 following a nearly 15-year careerRead More →

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In: Industry News/Advisory

The Port of New York and New Jersey welcomed one of the world’s most advanced, High-Efficient Ro-Ro (HERO) ships, the M/V Titus, on Tuesday, July 31, when it completed its maiden voyage from Asia to Port Newark’s Berth 13. The new M/V Titus can handle a wider range of cargo types with increased capacity and optimized fuel efficiency, reducing its energy consumption and emissions. The M/V Titus is the first in a series of four new Post-Panamax vessels due to enter the Wallenius Wilhelmsen Ocean (WW Ocean) fleet. It is the first large car and truck carrier ever built in the CSIC Xingang shipyard in China.Read More →

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In: Events, Industry News/Advisory, Maiden Voyage/Inaugural Port Call

Continuing the streak, the Port of New York and New Jersey hit another monthly record in May. Total volume for May 2018 was 593,625 TEUs (340,890 lifts) versus 565,052 TEUs (325,373 lifts) in May 2017, yielding a 5.1% increase. Import loads (TEUs) were up by 6.6% in May 2018 vs. May 2017 and export loads (TEUs) increased 9.3% in May 2018 vs. May 2017. Rail volume soared 19.6% from the previous year’s May, hitting a monthly record with 57,732 containers. This makes three consecutive months of rail volume above 50,000 containers. Rail volume, January through May 2018, is 16.6% greater than in the same periodRead More →

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In: Cargo Volumes, Industry News/Advisory

The Port of New York New Jersey hit another monthly record in April 2018. Total volume for the month of April was 551,117 TEUs. Although import loads were down by 2.1% in April 2018 vs. April 2017, most likely due to a late Chinese New Year, export loads increased 12.9% in April 2018 vs. April 2017. This is the third month in a row that export loads have increased by double digits when compared against 2017. Export empties totaled 142,664 TEUs in April 2018 versus 146,242 TEUs in April 2017 (-2.4%). Our rail volume also hit another monthly record with 51,777 containers in April. ThisRead More →

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In: Cargo Volumes, Industry News/Advisory

Continuing the streak of strong growth, the Port of New York and New Jersey had its best March in its history. Total volume for March 2018 was 572,576 TEUs. The Port experienced a 12.7 percent growth from March 2017 volume of 508,270 TEUs. The Port saw significant growth in both imported and exported TEU loads. The growth is broken down to: March 2018 imported TEU loads increased 15.5 percent when compared to March 2017, exported TEU loads increased 14.8 percent. 2018 first quarter total volume of 1,680,361 TEUs (inclusive of loads and empties) is 9.6 percent greater than the 2017 first quarter figure of 1,533,004Read More →

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In: Cargo Volumes, Industry News/Advisory