Press Release Article


NEW YORK/NEW JERSEY PORT VOLUMES SOAR AS $1.8 BILLION REDEVELOPMENT PROGRAM BEGINS -- Cargo Volumes Up 12 percent; TEU\'s Top 3 Million

Date: Mar 09, 2001
Press Release Number: 31-2001

Cargo volumes in the Port of New York and New Jersey set a new record in 2000, and that level of growth is projected to continue as the Port Authority begins a five-year, $1.8 billion redevelopment of its maritime facilities, according to statistics released today by Port Commerce Director Richard M. Larrabee.
The port\'s market share in the U.S. North Atlantic also grew to 57.9 percent in 2000, up from 57.4 percent in 1999. The Port of New York and New Jersey handled more cargo than its top four competitors combined.

New York Governor George E. Pataki said, \"In 2000, the value of the cargo that flowed through our marine terminals grew to $82 billion, a 13-percent increase over 1999 activity. These are enormous numbers that dramatically show the impact the port has on the economy of the region and the nation.\"

Acting New Jersey Governor Donald T. DiFrancesco said, \"These numbers clearly illustrate that the port is a major economic engine for the region, supporting more than 166,000 jobs and contributing $20 billion to the regional economy.\"

Port Authority Chairman Lewis M. Eisenberg said, \"These numbers reflect the improved competitiveness of the New York and New Jersey port that has resulted from investments we have undertaken, such as enhanced rail and road access and channel and berth deepening projects.\"

Mr. Larrabee said, \"Our cargo volumes are growing and our market share is increasing. These facts, combined with the signing of 30-year leases by major terminal operators, demonstrate that the global maritime community recognizes that the Port of New York and New Jersey is the place to do business on the East Coast of North America.\"

For the first time, total container volumes measured in 20-foot equivalent units (TEU\'s) surpassed the 3 million mark, at 3,006,493 TEU\'s in 2000. This is a 6-percent increase over the 2,828,895 TEU\'s handled in 1999. Loaded TEUs reported by the Port Import-Export Reporting System (PIERS) were 2,246,194 in 2000, a 10.8-percent increase over 1999.

In addition, for the first time in 20 years, ship calls in the Port of New York and New Jersey topped the 5,000 mark. In 2000, 5,124 commercial vessels called on the port compared with 4,777 in 1999, a 7.3-percent increase. Overall vessel traffic in the port has increased more than 12 percent since 1991.

According to the data from the U.S. Bureau of the Census, total general cargo rose from 16,740,780 metric tons in 1999 to 18,755,950 metric tons in 2000, a 12-percent increase. General cargo imports rose by 10.4 percent, from 12,272,960 metric tons in 1999 to 13,552,230 metric tons in 2000. General cargo exports rose 16.5 percent to 5,203,725 metric tons in 2000, compared with 4,467,811 metric tons in 1999.

Total bulk cargo volumes grew from 42,319,060 metric tons in 1999, to 46,061,310 metric tons in 2000, an 8.8-percent increase. Total cargo volumes (bulk and general cargo combined) grew by 9.7 percent in 2000, from 59,059,939 metric tons in 1999 to 64,819,260 metric tons in 2000.

The port retained its position as the number one automobile handler in the nation, handling 564,718 units in 2000, compared with 519,214 in 1999 an 8.8-percent increase. While automobile exports were down more than 25 percent, from 49,348 units in 1999 to 36,896 units in 2000, imports were up 12.3 percent from 469,866 in 1999 to 527,822 in 2000.

Port rail traffic also grew. ExpressRail volume for the year 2000 reached 178,002 containers - a 12.1-percent increase over the 158,761 containers handled in 1999.

The continuing growth in cargo is occurring as the port begins a major redevelopment effort.

\"Last year represented a turning point for the port,\" Mr. Larrabee said. \"We signed new terminal leases, we are continuing our 45-foot channel-dredging project, we received federal authorization to move forward with our 50-foot harbor-deepening program, and we released our port redevelopment plan.

\"Our challenge in 2001 is to begin to undertake the most ambitious maritime construction program since the Erie Canal - $1.8 billion over the next five years alone - while maintaining the world-class level of service our customers have come to expect at our port,\" Mr. Larrabee added. \"I am confident we are up to the task.\"

Among the first projects associated with the port redevelopment, in addition to the channel-deepening projects, are:

· The acquisition of a 124-acre industrial property immediately adjacent to the Howland Hook Marine Terminal in Staten Island.

· Completion of a 13-acre, 40 double-stack railcar storage facility at Portside Yard in Port Newark-Elizabeth.

· The demolition of warehouses within a 50-acre prime marine terminal area at Maher Terminals.

Other 2000 trade highlights include:

· Northern Europe continues to be the strongest trading partner for the Port of New York and New Jersey, with 5.8 million metric tons of general cargo and more than 723,000 TEU\'s moving in this trade lane in 2000, representing an 8-percent increase over 1999. Trade with the Far East, led by trade with China, grew by more than 14 percent in tonnage to a total of 4.2 million metric tons and 12 percent in containers with 474,289 TEU\'s. Latin America continues to show strong growth in trade with our port, up 13 percent last year in both general cargo tonnage (2.2 million metric tons) and containers (304,264 TEUs).

· Italy topped the leading import countries trading with New York and New Jersey, with 1.4 million metric tons of cargo imported into the region in 2000. Other leading import countries included China, Germany, France and Japan.

· China led the nation\'s receiving exports from New York and New Jersey, with 614,000 metric tons of cargo in 2000. Other top trading partners for exports included the United Kingdom, South Korea, Thailand, and Germany.

· Leading import commodities included beverages, motor vehicles/parts and machinery. Leading export commodities included woodpulp, plastic and wood.

Nine new shipping services began operating to the Port of New York and New Jersey in 2000:

· Contship/SCI/CMA from India via the Suez Canal. · Cosco/Yangming/K-Line: Direct Service Genoa to New York/New Jersey only. · Cosco/Yangming/K-Line from Asia via Panama. · CMA/CGM/CSC/P&O from Asia via Panama. · Evergreen from Asia via Panama. · N.W. Alliance (APLMOL-HMM) to Northern Europe. · N.W. Alliance (APL-MOL-HMM) to the Mediterranean. · Grand Alliance VSA on the North Atlantic. · Yang Ming-Universal Alliance (Hanjin-Senator-Cho Yang) from Asia via Panama.


Web Site Disclaimer
© 2001-CurrentYear The Port Authority of New York and New Jersey. All Rights Reserved.

The Port Authority of New York and New Jersey
(212) 435-7000  •  225 Park Avenue South, New York, NY 10003