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 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Japan LNG Imports Hit Record Levels

Japan imported record volumes of liquefied natural gas (LNG) and thermal coal in the fiscal year ended in March, as the country's  shutdowns of nuclear stations

Container Ship Delivers First Boxes to Great Lakes Port

The US Coast Guard say that the 'Fortunagracht', a 450-foot Dutch-flagged container ship, has delivered the first-ever load of containerized cargo to the Great Lakes.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Ports

DP World Inaugurates Jebel Ali Inspection Facility

DP World informs it has inaugurated the largest and latest container inspection facility at its flagship Jebel Ali Port in Dubai. The new facility is one of the

Libyan Oil Port Re-Opening Delayed

Technical problems have delayed the reopening of Libya's eastern Zueitina oil export terminal after the government reached a deal with rebels to end an eight-month blockade of the port,

MOL Bulk Carrier Arrested in Shanghai

A maritime court in Shanghai has ordered the detention of a Japanese ship having ordered the ship's owner to pay delayed rent and losses to a Chinese firm deting from as long ago as 2007,

 
 
Maritime Contracts Naval Architecture Navigation Pipelines Port Authority Salvage Ship Repair Ship Simulators 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: 0.1648 sec (6 req/sec)