10.8 C
Hamburg
Thursday, May 30, 2024
Home Port News Port of NY & NJ, half year report

Port of NY & NJ, half year report

On July 26, 2018, the Port of New York and New Jersey reported a new record for the first half of 2018 with cargo volumes up 6.8 percent over the same time period in 2017, when the previous six-month record was established. To date, the Port handled 3,450,469 TEUs (20-foot equivalent length cargo containers) compared to 3,229,675 TEUs between January and June in 2017.

The increase reflects a spike in import and export loaded containers. Loaded import containers, consisting primarily of furniture, appliances and beverages, increased by 7.8 percent; while exported containers increased by 9.2 percent.

A primary driver of the cargo growth is attributed to the completion of the $1.6 billion Bayonne Bridge Navigational Clearance Project, which raised the clearance under the bridge from 151 feet to 215 feet. The bridge raising allows ships up to 18,000 TEUs to navigate under it. Previously, the maximum vessel size was 9,800 TEUs. Currently, 9.1 percent of the port’s cargo is carried on vessels that are 13,000 TEUs or larger.

The Port’s ExpressRail ship-to-rail system handled 315,011 lifts in the first half of 2018—also on record pace for the year. This is an increase of 15 percent from the previous record in 2017 of 273,991 lifts.

In addition to cargo containers, the Port also reported a 6.2 percent increase in vehicles handled from 264,766 units in 2017 to 281,224 units handled in 2018.





Latest Posts

2M alliance changes California terminal on Transpacific service

2M alliance has announced a terminal change on its TP 8/Orient service, a Transpacific service connecting Asia and the United States West Coast. As of...

Rates climb on early peak season and capacity stretched thin

Carrier adjustments due to Red Sea diversions – the use of more vessels travelling at faster speeds, together with heavier reliance on transshipment –...

DHL expands Germany’s campus with new logistics centre

DHL Supply Chain is expanding its multi-user campus in Leipzig/Halle with the construction of a new logistics centre, which will offer 34,000 square meters...

Autonomous terminal tractor testing begins at Sweden’s port

In collaboration with Terberg Special Vehicles and EasyMile, the Port of Helsingborg is pioneering the Autonomous Terminal Tractor Test. This initiative involves testing a driverless...

COSCO secures first full-container industry chain transformation finance project

COSCO SHIPPING Development and Standard Chartered Bank (China) Limited have entered into a framework agreement focussed on transforming the container industry chain and fostering...