On February, 27, 2015, The Port Authority of New York and New Jersey presented a plaque commemorating the maiden voyage of the Orient Overseas Container Line (OOCL) Taipei to the vessel’s Master, Captain N.C. Huang. The Taipei called Global Terminal in its first visit from ports in Asia as part of the G6 Vessel Sharing Agreement (VSA). Also on hand to commemorate the occasion were Kevin Price, Vice President of Global Terminal LLC and Mayor James Davis of the City of Bayonne, who presented a plaque and keys to the city. The OOCL Taipei is a 8888 TEU ship that was recently christened and launchedRead More →

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In: Events, Maiden Voyage/Inaugural Port Call
LETTIE G. HOWARD SAILING VESSES PRESS EVENT

On behalf of the Port Authority of New York and New Jersey, Pat Foye, the agency’s Executive Director, will accept the Captain Award, bestowed by the Urban Assembly New York Harbor School of the New York Harbor Foundation. This year’s Harbor School Awards Dinner will be held on March 18, 2015 at the New York Yacht Club. Award, bestowed by the Urban Assembly New York Harbor School of the New York Harbor Foundation. This year’s Harbor School Awards Dinner will be held on March 18, 2015 at the New York Yacht Club. New York Harbor School’s mission is to provide a college-preparatory education built uponRead More →

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In: Events, Industry News/Advisory
bw_image_head

On Wednesday December 10, 2014, the Port Authority Board of Commissioners adopted a fiscally responsible $2.9 billion Operating Budget and a $3.6 billion Capital Budget that funds critical infrastructure at the agency’s port facilities, airports, tunnels, bridges, PATH system, and World Trade Center site. Combined, the agency’s budget for 2015 totals $7.8 billion, which includes debt service. The overall Capital Budget will support 7,320 direct job-years and direct payroll wages of $674.7 million. Including indirect and induced effects, the total economic activity impact amounts to 16,730 total job-years, $1.1 billion in wages, and $4.7 billion in economic activity. Some additional noteworthy points: The $2.9 billionRead More →

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In: Industry News/Advisory
cargo record

On Friday, December 5, the Port of New York and New Jersey announced that it hit an all-time record for monthly cargo volume in October 2014. During that month, the port handled 306,805 shipping containers, up 1 percent from the previous monthly record of 306,051 containers set in August 2013. The increase was driven by a hike in import-loaded containers. October 2014 stats also showed annual growth for cargo shipped on the port’s ExpressRail system, with 42,950 containers transported on rail, up 14.2 percent over October 2013. Currently, more than 14 percent of the all port traffic is transported by rail. Figures like these indicateRead More →

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

Three Hanjin ships made their first calls on the Port of New York and New Jersey this past June and July. The Hanjin Dallas first docked at Maher Terminals at the Elizabeth-Port Authority Marine Terminal on June 16, 2014. The Dallas’ weekly service string, AW8, calls at ports in China and Singapore before turning to the Port of New York and New Jersey, which is the Dallas’s first port of call inbound. The AW8 service line operates as part of the CKYHE Vessel Sharing Agreement shared by COSCO, K Line, Yang Ming, Hanjin, and Evergreen. Hanjin contributes three of the string’s eleven ships. The twoRead More →

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In: Industry News/Advisory