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 →

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 →

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 →

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 →

The Lunar New Year, which began this year on February 12, marks a weeks-long holiday that brings together millions from across Asia. While workers take leave to reunite with their families to celebrate the new year, global commerce braces for a disruption of the supply chain worldwide, from ports to shippers and other business stakeholders. This holiday is significant because many U.S. businesses are directly linked to Asian factory production, with most coming from China. During the holiday, production in Asian factories slows and ocean-going cargo volumes drop. The coronavirus pandemic further amplified the effect on production and cargo last year. At the start ofRead More →