Gov. Christie Signs Bill to End Cargo Fees

Posted by Michelle Howard
Thursday, January 23, 2014

Yesterday, New Jersey Governor Chris Christie signed S2747/A4170 into law. This legislation, which received unanimous bipartisan support from the entire legislature, will eliminate the Port of New York & New Jersey (PANYNJ) cargo facility fee. 

In 2011, the PANYNJ  became the only port agency in the country to impose a cargo facility charge on all containers, including empties.  The fee charged is $4.95 for 20-foot containers, $9.90 for 40-containers, and $1.11 per unit for vehicle cargo. The fee is costing Maersk Line alone $3.5 million on an annual basis.

"This legislation goes a long way in ensuring that the Port of New York & New Jersey remains competitive with ports across the country," said Doug Morgante, Maersk Line’s Director of State Government Relations, "We are grateful that Governor Christie recognized how critical removing this onerous fee is to the vitality of the maritime industry."

The bill to stop the port fees will remain inactive until New York enacts similar legislation. Senator Michael Ranzenhofer introduced S6156 on January 8, 2014. The bill resides with the Senate Transportation Committee.
 

Categories: Container Ships Government Update Legal People & Company News Ports

Related Stories

Ukraine Strikes Russia's Tuapse Refinery

Shipping Containerization Marks 70 Years, Revolutionizing Global Economy and Reshaping Newark

Singapore: Container Ship Fire Extinguished

Current News

BIMCO Adopts Time Charter Party to Target Emerging CO2 Trade

Vale to Double Iron Ore Carrier Fleet

Asia Pacific Ports Collaborate Cross-Sector to Advance Hydrogen, E-Fuel Readiness

Russia Adds Four LNG Carriers to Fleet

Subscribe for Maritime Logistics Professional E‑News