On:
In: Capital Investments, Industry News/Advisory

A $200 million investment in reinforced berths to prepare itself for the arrival of next- generation, ultra large container ships continues apace at APM Terminals Port Elizabeth at the Port of New York and New Jersey. Coupled with infrastructure improvement projects announced by The Port Authority of New York and New Jersey, the investments made by APM Terminals will further enable global trade at the largest port on the east coast of North America. The $200 million investment by APM includes: Four next-generation Ship-to-Shore (STS) cranes designed to handle ultra-large container vessels (ULCVs) up to 23 containers wide and 10 high on deck; Expansion andRead More →

On:
In: Industry News/Advisory, Maiden Voyage/Inaugural Port Call

Today the Port of New York and New Jersey marked the arrival of the CMA CGM Theodore Roosevelt, which passed under the newly raised Bayonne Bridge at approximately 9:30 a.m. to make berth at APM Terminals in Elizabeth, New Jersey. With a total cargo capacity of 14,414 TEUs, the Theodore Roosevelt is the largest container vessel ever to call the port’s berths. The Roosevelt’s visit is part of her maiden voyage after departing Asia’s shipyards on July 26 of this year to begin her rotation on CMA CGM’s South Atlantic Express Rotation (SAX) from Hong Kong to Shanghai. Her call on the Port of NewRead More →

On:
In: Industry News/Advisory, Port Master Plan

The development of a Port Master Plan (PMP) for all facilities constituent to the Port of New York and New Jersey continues apace with a number of key achievements. As reported in April 2017, the PMP will guide the growth and development of the Port of New York and New Jersey through a holistic and dynamic decision-making process aimed at continuing the enhance the port’s position as the premier North American East Coast gateway for commerce over the next 30 years. To do this, the PMP will establish an informed and comprehensive road map designed to increase operational efficiency; optimize land utilization, business planning, capitalRead More →

On:
In: Cargo Volumes, Industry News/Advisory

On Friday, July 21st, CMA-CGM of Marseille, France added the CMA-CGM Pelleas to the Ocean Alliance’s Loop 3 service calling at APM Terminals at the Elizabeth-Port Authority Marine Terminal in the Port of New York and New Jersey. The 9,900 teu ship is the largest vessel currently operated by CMA-CGM into the port. The Ocean Alliance service is one of six major east west services which comprises the vessel sharing agreement (VSA), operated by the four members of the Ocean Alliance effective April 1, 2017. The three additional members are: COSCO Shipping, Evergreen, and OOCL. The rotation includes major ports in China and southeast Asia, andRead More →

On:
In: Cargo Volumes, Industry News/Advisory, Trade Stats

The Port Authority announced today that cargo volumes in the Port of New York and New Jersey are on record pace for 2017. The first six months of this year were 4.4 percent higher than the same period in 2015, when the previous record of 3,093,789 TEUs (twenty-foot equivalent units) was established. Between January and June this year, the port handled 3,229,675 TEUs, compared to 3,041,287 TEUs handled in 2016. The record volumes have allowed the port to maintain its position as the busiest on the East Coast. In June alone, the port handled 584,606 TEUs, the best June on record and the second highestRead More →