Port of NY & NJ to Handle Larger Vessels
By Aiswarya Lakshmi
Saturday, June 11, 2016
Port of New York and New Jersey will be able to handle 14,000 TEU vessels toward the end of 2017, says officials at the Port Authority of New York and New Jersey.
The planned completion of the 50-foot Harbor Deepening Project later this summer and the anticipated completion of the navigational clearance project at the Bayonne Bridge late next year were cited as proof that the port will find itself prepared to handle new, larger classes of cargo ships within its previously stated time frame.
U.S. East Coast ports have spent billions of dollars in the last decade preparing for the large neo-Panamax ships that will transit the Panama Canal’s new locks when they open to commercial traffic, says a report in JoC.
Port Authority of New York and New Jersey and its marine terminal operators have invested billions of dollars in infrastructure and equipment over the past decade to maintain the Port of New York and New Jersey as the premier US East Coast gateway for trade.
The Port is spending $3.4 billion to deepen its channel to 50 feet and to raise the air draft of the Bayonne Bridge.
The Port is completing a multiyear $2.1 billion project to deepen its channel to 50 feet, enabling it to handle some of the biggest container ships afloat.