NY/NJ Port Reports Cargo Growth During First Half
Continuing growth in Asian trade boosted container volumes in the Port of New York and New Jersey by 14.6 percent during the first half of 2003, New York Governor George E. Pataki and New Jersey Governor James E. McGreevey announced last week. Imports from Far East Asia grew by 38 percent, while imports from Southeast Asia grew by 31 percent. Asian imports, which include furniture, clothing, linens, toys and lighting products, now account for 41 percent of all cargo handled by the New York-New Jersey port. This makes Asia the port’s largest market, surpassing Europe for the first time. New York Governor Pataki said, “As the national economy begins to recover, the port has clearly given the New York region a much needed boost.
Congress Approves More than $130M for Port of NY/NJ Projects
Critical channel-deepening and environmental projects at the Port of New York and New Jersey will continue to advance under a funding bill approved this week by Congress. The deeper channels will allow new, larger ships to enter the harbor, maintaining the port’s competitive edge as the leading port on the east coast of North America. The fiscal year 2004 Energy and Water Development appropriations bill, which funds U.S. Army Corps of Engineers civil works projects, includes $110 million for channel-deepening projects in the port. The funding will allow for the continuation of federal channel-deepening projects under construction in the Kill van Kull-Newark Bay, the Arthur Kill and Port Jersey channels.
Port of NY/NJ Sets Cargo Records in 2004
Acting New Jersey Governor Richard J. Codey today announced that the Port of New York and New Jersey had another record year in 2004, handling more international cargo than ever and surpassing for the first time the $110 billion mark in the total value of all cargo handled. During a press conference at the APM Terminal at the Elizabeth-Port Authority Marine Terminal, Acting Governor Codey outlined plans by New Jersey and the region to address the challenges associated with future growth in oceanborne cargo. Plans to promote the development of additional distribution and logistics facilities around the port. A preliminary study by the Port Authority and the New Jersey Economic Development Authority has identified more than 20 sites in Union…
Port Authority Receives Approval to Begin Deepening Program
The Port Authority announced today that it has received approval from the Army Corps of Engineers to deepen a section of the Kill van Kull to 50 feet, launching the agency’s ambitious $1.8 billion project to dredge the region’s harbor channels to 50 feet and maintain its ranking as the leading East Coast destination for shippers from around the world. Under eight separate dredging contracts, the Corps and the Port Authority are working together to deepen the Kill Van Kull from 40 to 45 feet. In the near term, the Corps’ new action will allow the Port Authority to augment one of those contracts to deepen a section of the Kill van Kull around Bergen Point to 50 feet.
Port of NY/NJ Reports Cargo Increase
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. 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. 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.
NY/NJ Port Authority To Vote On $3.9B Budget
Board members of the Port Authority of New York and New Jersey are reportedly scheduled to vote on a $3.9 billion budget. The agenda includes reelection of top officers and discussion of a lucrative port deal, signaling that a dispute between the governors of New York and New Jersey is moving toward a resolution. The budget reportedly calls for no hikes in PATH fares and tolls at Port Authority bridges and tunnels for a ninth year. The commissioners also are expected to discuss a possible lease for the Port Newark terminal that Maersk Line vacated after it acquired Sea-Land Service and moved into its 350-acre terminal in Port Elizabeth. A top contender for taking over the 154-acre property are subsidiaries of London-based Peninsular & Oriental Navigation Co.
Van Tol Honored for 30 Years of Service
Arie Van Tol, a veteran Port Authority employee who currently manages the New York Marine Terminals, has been honored for more than 30 years of distinguished service to the bistate agency and the maritime community, Port Commerce Director Richard M. Larrabee announced today. Larrabee presented Van Tol, a Montville, N.J., resident, with the Lillian C. Borrone Award, given to individuals who render unusually effective service to the port community. The award is named for Lillian C. Borrone, a longtime director of the Port Authority’s Port Commerce Department who retired in 2001. “Arie is the consummate maritime industry professional who cares deeply about the Port Authority’s maritime terminal facilities and its tenants,” Mr. Larrabee said.
