The Port of New York & New Jersey today announced completion of the port’s $2.1 billion Main Navigation Channel Deepening Program, in partnership with the U.S. Army Corps of Engineers. The program constitutes a major milestone in the port’s ongoing efforts to retain and augment its position as the premiere port of the North American East Coast. The Port of New York and New Jersey serves as the gateway to one of the most concentrated and affluent consumer markets in the world. The Main Navigation Channel Deepening Program creates a safe and economically efficient pathway for the newest generation of container ships calling the PortRead More →

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In: Capital Investments, Cargo Volumes, Environmental Initiatives, Events, Industry News/Advisory

Launched in January 2016, the Clean Vessel Incentive Program (CVI) continues to attract much cleaner vessels to the Port of New York and New Jersey’s constituent marine terminals. For the second quarter 2016, CVI produced 295 qualifying vessel calls, an increase of 87 percent over the second quarter 2015, and an increase of 16% over the first quarter 2016. Incentives earned for the second quarter 2016 totaled $413,000, an increase of 45 percent over the second quarter 2015. Maersk Line had the most qualifying vessel calls with 61, followed by NYK Line (North America) Inc. Evergreen Marine’s Ever Libra recorded the highest Environmental Ship IndexRead More →

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In: Environmental Initiatives, Industry News/Advisory

The Amended Clean Vessel Incentive Program (CVI Program), launched on January 1, 2016, achieved superb results for first quarter 2016. A total of 253 qualifying vessel calls were logged, earning incentives totaling $385,000 for clean vessels. These figures represent increases of 35% and 10%, respectfully, over the same results polled in the first quarter 2015. NYK Line (North America) Inc. had the most qualifying vessel calls at 49, as well as the highest incentive award earned, totaling $86,000. Evergreen Marine’s vessel, Ever Libra, recorded the highest Environmental Ship Index (ESI) Score at 54.2, and was one of seven vessels with ESI scores above 50. TheRead More →

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In: Environmental Initiatives