NY/NJ Close To Resolving Port Budget

Thursday, June 01, 2000
New York and New Jersey are close to reaching an agreement that would break a 17-month deadlock over a port lease that has paralyzed the Port Authority of New York and New Jersey, according to press reports. Neither New York Gov. George Pataki nor New Jersey Gov. Christie Whitman had signed off on the deal as of early Wednesday evening, but both sides expressed hope that the feud might be near an end. According to those with knowledge of the discussions, some of the major terms of the tentative agreement include: Pataki's signing of a 30-year lease for Maersk Sealand's cargo hub at Port Newark-Elizabeth in New Jersey; Whitman's agreement to let the Port Authority spend $250 million on New York transportation projects.; and conducting a study aimed at increasing the $1 PATH New York-New Jersey commuter train fare and the fees that bus lines pay to use the Port Authority bus terminal. If the deal was finalized, Port Authority commissioners would be able to follow up on a number of major projects that had been stalled during the standoff, which began in January 1999.
Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


SAAM SMIT Towage Orders Damen ASD Tug

SAAM SMIT Towage, a joint venture between SAAM S.A. of Chile and Dutch company Royal Boskalis Westminster N.V., has signed a contract for the purchase of a Damen Tug 2913 for delivery in early 2016,

Sanmar to Build 6 Terminal Tugs for Svitzer

Svitzer has signed a contract with Turkish shipbuilder Sanmar Shipyard for the construction of six newbuild terminal tug vessels, the first of which is scheduled for delivery in Q4 2016.

Noreco CEO Quits

Norwegian Energy Company ASA (Noreco) announces that Tommy Sundt is stepping down as CEO of Noreco ASA. Since joining Noreco in September 2014, Tommy Sundt


New Boat Delivered to Tampa Bay Pilots

The Tampa Bay pilot association has taken delivery of its second Chesapeake Class launch and the first in a new generation of Gladding-Hearn Shipbuilding’s mid-size pilot boats,

Yemeni Port Says First Ship in Weeks Arrives

Press release - Officials at Yemen's Red Sea port of Hodeidah said the first ship to dock there in three weeks arrived on Tuesday, carrying desperately needed fuel,

Panama Canal Reports Record Tonnage

The Panama Canal Authority (ACP) announced a new tonnage record, welcoming 340.8 million Panama Canal tons (PC/UMS) through the canal for the 2015 fiscal year – a 4.

Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pod Propulsion Port Authority Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1539 sec (6 req/sec)