US port borrowing costs rocket

The Port Authority of New York and New Jersey (NY/NJ) handled 633,925 TEU in December, an increase of 3.4% compared with the corresponding period of 2022. For the full year, 7.81M TEU was processed which was 17.7% lower than in 2022.

The Port Authority of New York & New Jersey has announced that it handled its highest monthly volume of containers for the year in October. The increase was mainly driven by retailers restocking their warehouses and filling their shop shelves in advance of the holiday shopping season.

The Port Authority of New York & New Jersey’s latest figures reveal a sharp drop in container traffic, both month-on-month and year-to-date compared with 2022.

Three megamax cranes have been shipped in partly-assembled mode from Cobh (near Cork), for Maher Terminals in Elizabeth, NJ

Kalmar will deliver the latest machines to Maher Terminals in New Jersey in Q3 2021. Separately in the US, six Kalmar hybrid RTGs have been ordered by Total Terminals International in Long Beach

Liebherr Group has orders for two intermodal RMGs and has just placed another LPS 420 crane in the Russian market; four Vityaz double-lever cranes from SMM SevMorMontazh have recently been delivered to the same customer