The latest Clean Vessel Incentive (CVI) program offered by The Port Authority of New York and New Jersey is off to a flying start. Twenty-one companies enrolled in the Port Authority of New York and New Jersey’s latest CVI during Q1 2017 for an increase of 24 percent over companies who enrolled in Q1 2016. In addition, 272 qualifying vessels registered with the CVI program during Q1 2017 representing an increase of 7 percent over Q1 2016. Financial incentives earned by CVI participants in Q1 2017 totaled $515,500, which represents an increase of 32 percent compared to Q1 2016. “These are very encouraging numbers,” saidRead More →

On:
In: Environmental Initiatives, Industry News/Advisory
International Maritime Organization

The International Maritime Organization’s (IMO) SOLAS VI/2 regulation on verified gross mass (VGM) takes effect on Friday, July 1, 2016, at ports worldwide. All terminals in the Port of New York and New Jersey will provide scale weights for use, at the carrier’s discretion, for export containers arriving to a terminal by truck without a VGM. Under those conditions, a $10 fee may be assessed by the terminals to the ocean carrier. When a shipper has a VGM, please coordinate directly with your ocean carriers for the timing and format for transmitting. Container weights provided by the railroads are not accepted for VGM purposes. •Read More →

On:
In: Costs, Industry News/Advisory