Port of NY/NJ Reports Cargo Increase

Thursday, March 27, 2003
The Port of New York and New Jersey saw its container volume grow by a dramatic 13 percent in 2002, sparked by a substantial increase in Asian trade. Port Commerce Director Richard M. Larrabee said the New York-New Jersey port accounted for 59.6 percent of the containerized cargo handled by all North Atlantic ports, and 13.5 percent of all U.S. ports New York Governor George E. Pataki said, “The strength and vitality of the port has clearly given the New York regional economy a needed boost at a critical time. In addition to providing a broad selection of products for the store shelves in the nation’s biggest consumer market, the New York-New Jersey port generates a total of 228,946 full-time jobs resulting in $14.6 billion in economic activity for the region.” Port Commerce Director Larrabee said, “The 13-percent increase in the port’s containerized cargo reinforces our belief that more and more shippers are migrating to the use of all-water services to transport their products from Asia to the Northeastern and Midwestern parts of this country. “The port also is an integral link in the logistics supply chain,” Larrabee said. “It provides the gateway for products that are sent to distribution centers in the New York-New Jersey region for additional value-added services before being delivered to store shelves not only in our area but also around the world.” To support the increases in cargo volumes, the Port Authority has been involved in an aggressive $1 billion investment program, which include these components: · Continuing to fund the local share of the Army Corp of Engineers channel-deepening projects, including deepening channels in the Kill Van Kull and Newark Bay to 45 feet, and Arthur Kill to 41 feet, and beginning the harborwide 50-foot channel-deepening projects. · Construction of new ship-to-rail facilities at the Howland Hook Marine Terminal and the Port Newark Container Terminal, and a larger, more efficient facility at the Elizabeth-Port Authority Marine Terminal. · Creation of additional container terminal space at Port Newark and the Elizabeth-Port Authority Marine Terminal. · New security measures, including improved fencing, gate monitoring and security surveillance equipment. The Port Authority’s investments have been supplemented by substantial investments made by the port’s terminal operators, such as new gate complexes, post-Panamax cranes and yard equipment.
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

DryShips to Sell its Suezmax Tanker Fleet

DryShips Inc. (NASDAQ: DRYS), has announced  that it has entered into firm sales agreements with entities controlled by the Company's Chairman and Chief Executive Officer,

ST Marine Celebrates Naming of Vessels

Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Naming Ceremony today for the second Patrol Vessel (PV),

India Halts Iran oil Imports Under U.S. Pressure

Oil imports from Iran at 220,000 bpd in year to March 31. U.S. pressured India not to raise annual Iran oil imports. India halted oil imports from Iran for the

Ports

Direct Le Havre to Charleston LCL Import Service

CaroTrans has announced the addition of an expedited Le Havre, France to Charleston LCL import service.    This is the only direct, weekly Le Havre to Charleston LCL service available in the market.

Viking Enters Ocean Cruise Industry

Viking Ocean Cruises has announced it took delivery of Viking Star, marking the company's official arrival into the ocean cruise industry.   The delivery ceremony

EU to Ban Scrapping Ships on South Asian Beaches

Over 60 pct of ships scrapped on Asian beaches in 2014. Practice poses human risk, environmental dangers. New EU rules set high standards, but with loopholes. European,

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1795 sec (6 req/sec)