Global Marine Terminals (GCT) hosted the arrival of its first 14,000 TEU class ship to be operated in the east coast service (EC4) by “The Alliance” consortium of carriers. “The Alliance” is comprised of member carriers Hapag Lloyd (Germany), Yang Ming Lines (Taiwan), and the three Japanese carriers: NYK, K-Line, and MOL. The “Malik Al-Ashtar,” registered in Malta, is the first of four new ships added by Hapag Lloyd to serve the trade from South China, Taiwan, and Vietnam via the Suez Canal.  Later in the spring, K-Line will contribute another seven 14,000 TEU ships to the service. GCT will be the first port ofRead More →

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

On Monday, February 05, 2018, the Port of New York and New Jersey announced that cargo volumes for 2017 had shattered the existing annual cargo volume record set in 2015 by 5.3 percent. Specifically, during 2017, the port handled 6,710,817 TEUs compared to 6,371,720 TEUs handled in 2015. The record volumes were attributed partially to completion of the Bayonne Bridge Navigational Clearance Project in June 2017. But by any measure, the new record allowed the port to cement its position as the third largest port in the United States with a 15.4 percent market share of the nation’s cargo, and the busiest port on theRead More →

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In: Cargo Volumes, Industry News/Advisory

Severe winter weather throughout the East Coast and Midwest regions, a lack of available rail equipment, and train length restrictions have had adverse effects on East Coast intermodal rail cargo over the past couple of weeks.  At the Port of New York and New Jersey, this has caused higher than normal dwell time on rail containers.  Port staff are working diligently with both CSX and Norfolk Southern to ensure that adequate quantities of empty rail equipment are routed to ExpressRail terminals in a timely fashion to clear the rail backlog as quickly as possible. *     *     * For more information on the Port of NewRead More →

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In: Industry News/Advisory, Traffic Advisory, Weather Advisory

Cargo tallies continued their growth trend at the Port of New York and New Jersey in November. Year-to-date over 2016, November 2017 showed a 7.7 overall growth for the port in terms of TEUs handled (6,166,851 over 5,723,821). This growth broke down to: a 6.3 percent increase in import TEU loads (3,122,103 over 2,937,980); a 4 percent increase in export TEUs loads (1,294,229 over 1,244,555); and a 5.6 percent increase in total TEU loads (4,416,332 over 4,182,535). Year-to-date over 2016, November 2017 also showed a 4 percent increase in the total number of rail lifts, logging 518,959 over November 2016’s 498,021. By month-to-month comparison againstRead More →

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In: Cargo Volumes, Industry News/Advisory

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 →

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