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

The worldwide pandemic impacted June’s total volume numbers at the Port of New York and New Jersey. In June, the Port had 511,306 TEUs (290,454 lifts) compared to 611,027 TEUs (347,294 lifts) in June 2019, a 16.3 percent decrease in total volume. This number brings our year through June total to 3,365,625 TEUs (1,907,062 lifts), a 7.9 percent decrease from the previous year. Imports for June totaled 266,836 TEUs (151,581 lifts) versus 303,309 TEUs (172,502 lifts) in June 2019, a 12 percent decrease. From January through June 2020, imports at the Port of New York and New Jersey reached 1,718,958 TEUs (970,226 lifts), a 7.3Read More →

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

As the New York-New Jersey region reopens, the continued operations at the Port of New York and New Jersey are proving to be a major driver in the ability of regional businesses to restart commerce quickly and smoothly. Even through the worst of the pandemic, when the region became an early national epicenter of this public health crisis, the Port remained open and fully operationally thanks to quick coordination with government and Port partners to deem supply chain operations essential and to implement health and safety protocols so that the Port workforce felt safe while performing their essential duties. In particular, the automotive trade, whichRead More →

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In: Industry News/Advisory, Safety and Security, Terminal News