Capital investments on behalf of The Port Authority of New York and New Jersey result in the long-term economic growth for the port industry, according to the 2020 Economic Impact Study by the New York Shipping Association. Investments close to $2.9 billion across projects spanning waterside, terminal, and landside infrastructure and equipment have reshaped and repositioned the Port to meet 21st-century needs. The raising of the Bayonne Bridge in 2017, has enabled neo-Panamax vessels exceeding 14,000 TEUs to call on all container terminals at the Port of New York and New Jersey. Additional significant investments included terminal buildings and berths, cargo handling equipment, intermodal railRead More →

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In: Capital Investments, Econ Insight

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

The Port of New York and New Jersey continues to serve as an integral part of the economic performance of the region, according to the 2020 New York Shipping Association Economic Impact Study. The port industry grew substantially, supporting over 500,000 jobs and $147 billion in economic activity, including federal and state tax revenue, business and personal income. Inclusive of this report is the Port’s 2019 record-breaking performance with: More than 7.4 million 20-foot equivalent containers (TEUs) Close to 578,000 vehicles Over 49.8 million tons of bulk cargo Nearly 140,000 tons of breakbulk cargo 304 cruise vessels In general, maritime operations through the Port haveRead More →

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In: Cargo Volumes, Econ Insight, Workforce Development

The Port of New York and New Jersey is fully open and operational. As 2020 pushes forward, our port partners, the New York Shipping Association released The 2020 Report on the Economic Value of the New York-New Jersey Port Industry. This comprehensive report gives a thorough look at the quantitative measurement of the jobs, incomes, production of goods and services and revenue for both states produced by the maritime activities. The 2020 report summarizes two regional economic impact streams generated by the port industry: the value of port operations and the value associated with the billions of public and private dollars invested in port relatedRead More →

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In: Econ Insight, Industry News/Advisory

Recently, the Port of New York and New Jersey took steps toward ensuring a cleaner, more sustainable New York Harbor by helping move 15 million baby oysters from a waterfront seeding facility at the Brooklyn Port Authority Marine Terminal to their new underwater home at the mouth of the Bronx River. A Port Authority tenant, Red Hook Container Terminal (RHCT), donated space and four retrofitted shipping containers, each filled with 9,000 gallons of seawater and oyster racks, to carefully transport the precious cargo as part of a Billion Oyster Project (BOP) initiative. The baby oysters were transported by barge to five new acres of oysterRead More →

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In: Environmental Initiatives, Events, Terminal News