Four of the industry’s newest generation gantry cranes designed for today’s largest container ships arrived at APM Terminals Elizabeth on April 26, 2018. The arrival marks a major milestone in a $200 million facility infrastructure investment by APM Terminals that will be completed this year. This complements the $7 billion capital investments already made by the Port Authority to ready the Port of New York and New Jersey for the world’s largest ships. Large-scale investments included the Bayonne Bridge elevation and the Harbor Deepening Program, both of which now enable the Port to handle larger container ships up to 18,000 TEUs and remain the largestRead More →

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In: Capital Investments, Industry News/Advisory, Terminal News

Dear friend of the Port of NY & NJ,   Let me recap the good news for anyone who missed our State of the Port event on Monday, February 5, 2018. In 2017, the Port of NY & NJ: Raised the Roadbed of the Bayonne Bridge and welcomed the CMA CGM T. Roosevelt, a 14,414 TEU container ship and the largest vessel ever to call our berths. Advanced a Port Master Plan that guides and supports the growth of our port over the next three decades. Broke our annual cargo volume record by 5.3% while also beating 2016 numbers for rail lifts and imported autos by 14.3% and 16% respectively. Cut the port’s impact onRead More →

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In: Capital Investments, Cargo Volumes, Industry News/Advisory, Port Master Plan, Trade Stats, Workforce Development

Global Marine Terminals (GCT) hosted the arrival of its first 14,000 TEU class ship to be operated in the east coast service (EC4) by “The Alliance” consortium of carriers. “The Alliance” is comprised of member carriers Hapag Lloyd (Germany), Yang Ming Lines (Taiwan), and the three Japanese carriers: NYK, K-Line, and MOL. The “Malik Al-Ashtar,” registered in Malta, is the first of four new ships added by Hapag Lloyd to serve the trade from South China, Taiwan, and Vietnam via the Suez Canal.  Later in the spring, K-Line will contribute another seven 14,000 TEU ships to the service. GCT will be the first port ofRead More →

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

On Friday, February 2nd, the Port Authority announced its award of a $23.7 million agreement to Cross Harbor Partners, a joint venture of STV Incorporated/AKRF Inc., to undertake the Tier II Environmental Impact Statement for the Cross Harbor Freight Program at the Port of New York and New Jersey. The aim of the Cross Harbor Freight Program is to reduce roadway congestion attributed to goods movement across the New York/New Jersey Harbor. The Tier II review is expected to take up to three years; it will provide more detailed analysis of the environmental effects and potential mitigation measures for two preferred alternatives identified in theRead More →

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In: Industry News/Advisory

On Monday, February 05, 2018, the Port of New York and New Jersey announced that cargo volumes for 2017 had shattered the existing annual cargo volume record set in 2015 by 5.3 percent. Specifically, during 2017, the port handled 6,710,817 TEUs compared to 6,371,720 TEUs handled in 2015. The record volumes were attributed partially to completion of the Bayonne Bridge Navigational Clearance Project in June 2017. But by any measure, the new record allowed the port to cement its position as the third largest port in the United States with a 15.4 percent market share of the nation’s cargo, and the busiest port on theRead More →

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In: Cargo Volumes, Industry News/Advisory