Activity at the Port of New York and New Jersey showed resilience in consumer demand and the global supply chain as cargo volume set a new all-time monthly record in March. Volume increased by 35 percent in March 2021 compared to March 2019, breaking the monthly record set in October of 2020. Compared to 2020, March volume rose by even greater gains. The Port moved 789,776 TEUs (437,479 lifts) in March 2021 versus 560,830 TEUs (318,521 lifts) in March 2020, an increase of 40.8 percent. These numbers bring our year through March total to 2,136,180 TEUs (1,185,514 lifts). Imports totaled 393,159 TEUs (218,189 lifts) inRead More →

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

May 1, 2021, marked another milestone for the Port of New York and New Jersey as the seaport welcomed the MSC Virgo to Port Newark Container Terminal (PNCT).  Staff from the Port of New York and New Jersey presented the ship’s captain and crew with a commemorative plaque during a ceremony marking its arrival as the largest container ship to call at the terminal.  Built in 2020, the 15,000-TEU capacity MSC Virgo is deployed on MSC Mediterranean Shipping Company’s INDUSA service that was introduced in September 2020 to reinforce its service offering on the Indian subcontinent. The MSC Virgo is the Geneva-based company’s first 15,000-TEURead More →

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In: Maiden Voyage/Inaugural Port Call

After starting the year with the highest January on record for volume, the Port of New York and New Jersey continued the record-breaking trend into February with a 7.9 percent increase in overall cargo activity over February 2020. Total volume for February was 625,120 TEUs (347,635 lifts) versus 579,124 TEUs (326,370 lifts) in February 2020, which represents the highest total volume for any February at the Port of New York and New Jersey. Total cargo activity year-to-date rose to 1,346,404 TEUs. Imports at the Port of New York and New Jersey rose by 11.2 percent in February, totaling 334,176 TEUs compared to 300,445 TEUs inRead More →

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In: Cargo Volumes, Monthly Cargo Volumes

After ending 2020 with record-breaking volumes at the Port of New York and New Jersey, the trend continued in the new year with January 2021 as the seaport experienced double-digit growth in cargo activity and the highest January on record for volume. In January, the seaport moved 721,284 TEUs (400,400 lifts) compared to 617,024 TEUs (349,196 rail lifts) in January 2020, a 16.9 percent increase.  Rail volume increased 12.2 percent from the previous year’s monthly figure, totaling 68,880 containers for January 2021. Consumer spending in the U.S. continued to drive demand for goods, leading to higher volume for imports. In January, imports rose by 15.1Read More →

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In: Cargo Volumes

New Jersey Governor Phil Murphy announced earlier in February that the Port Authority of New York and New Jersey, several Port of New York of New Jersey tenants, and other agencies and organizations across the state would receive more than $100 million for clean, equitable transportation projects. The funds were allocated from the state’s participation in the Regional Green House Gas Initiative (RGGI) and the Volkswagen Environmental Mitigation Trust, a legal settlement from the carmaker over emissions cheating claims.   The Port and other organizations will use its share of the funds for electrification programs, helping the Port Authority and the seaport with its goals of reducing carbon emissions in its operations, improving air quality and reducing the effects of climate change.   Approximately $36 million was allocated to reducing diesel and carbon emissions in New Jersey communities historically affected most by pollution through the electrificationRead More →

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In: Uncategorized