The Port of New York and New Jersey handled record-breaking container volume in August and September, and that trend is expected to continue for October and the rest of the year.  Surging freight volumes are attributed to several effects of the COVID-19 pandemic, including retailers replenishing depleted stocks, a transition to the “stay at home” economy, and inventory management strategies that incorporate more “just-in-case” stock levels.  A busy, robust port offers a glimmer of hope during these difficult times, leading to increased economic activity and the creation of more jobs. As we look forward, and with an eye on maintaining the integrity of the supply,Read More →

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

Continuing its recovery to 2019 volume levels, the Port of New York and New Jersey surpassed its all-time September record as factories and manufacturers around the world ramped up activity in preparation for the holiday season and growing concerns of future supply chain disruptions. The Port reported total volume of 720,969 TEUs (399,803 containers) for September 2020, which was a 15.4 percent increase from the September 2019 totals of 624,961 TEUs (352,098 containers) i. This new record brings the Port’s volume through September to 5,382,422 TEUs (3,032,386 containers).  The seaport’s recovery was the lone bright spot in the overall financial performance of The Port Authority of New York and New Jersey, which reported last month continuing declines in revenue primarily due to low passenger volumes at the agency’s major airports, low ridership onRead More →

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In: Cargo Volumes, Monthly Cargo Volumes, Terminal News

Container vessels calling the Port of New York and New Jersey are getting larger and we are serving more of these larger vessels each year.  Just this past weekend we welcomed the CMA CGM Brazil, a 15,072 TEU vessel and the largest to ever call the US East Coast.  One third of the total container volume in the Port through July was shipped on a vessel with a capacity of 10,000 TEU or more. Just three years ago when the Bayonne Bridge Navigational Clearance Project was completed, less than seven percent of all container volume in the Port was transported on a 10,000 TEU or largerRead More →

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In: Industry News/Advisory, Terminal News

The Port of New York and New Jersey welcomes the CMA CGM Brazil to APM Terminals at the Elizabeth Port Authority Marine Terminal on Saturday, September 12, marking another milestone as the largest vessel to call upon a U.S. East Coast port. Built in 2020, the 366-meter-long (1,200 feet), 51-meter-wide (167 feet) container ship drawing 47.5 feet of water, has a capacity of 15,072 TEUs.   The landmark arrival of the CMA CGM Brazil showcases the Port’s ability to handle the world’s largest container ships, an outcome of  The Port Authority of New York and New Jersey’s key investments over the past few years. Improvements such as the Bayonne Bridge Navigational Clearance Program, which increased the air draft of the bridge to 215 feet, inRead More →

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

Volumes at the Port of New York and New Jersey rose across the board in July compared to the previous month. The effects of COVID-19 impacted June’s total volume numbers, but July’s total volume increased to 607,463 TEUs (342,124 lifts) compared to 511,306 TEUs (290,454 lifts) in June. July’s total volume numbers show an 8.4 percent decrease compared to July 2019, which had 662,994 TEUs (376,135 lifts). July’s numbers bring our year to date total to 3,973,088 TEUs (2,249,186 lifts). Imports for July totaled 328,864 TEUs (184,667 lifts) versus 338,728 TEUs (191,691 lifts) in July 2019, a 2.9 percent decrease. For January through July 2020,Read More →

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In: Cargo Volumes, Monthly Cargo Volumes, Terminal News