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The terminal was purchased in 1973 by the New York City government for $47.5 million, [2] and United States Lines moved its container port operation there that year. [3] In 1985, the Port Authority of New York and New Jersey (PANYNJ) leased the terminal for 38 years. [4] The PANYNJ took full ownership of Howland Hook Marine Terminal in 2024.
In 2010, the New York-New Jersey Port industry supported: [119] 170,770 direct jobs; 279,200 total jobs in the NY-NJ region; Nearly $11.6 billion in personal income; Over $37.1 billion in business income; Almost $5.2 billion in federal, state and local tax revenues; Local and State Tax Revenue: $1.6 billion; Federal Tax Revenue: $3.6 billion
Port Newark–Elizabeth Marine Terminal, a major component of the Port of New York and New Jersey, is the principal container ship facility for goods entering and leaving the New York metropolitan area and the northeastern quadrant of North America. Located on Newark Bay, the facility is run by the Port Authority of New York and New Jersey.
Port of New York and New Jersey: *Port Newark–Elizabeth Marine Terminal: 50 feet (15 m) 215 feet (66 m) *Port Jersey: 50 feet (15 m) 228 feet (69 m) *Howland Hook Marine Terminal: 50 feet (15 m) 215 feet (66 m) *Red Hook Container Terminal: 50 feet (15 m) 228 feet (69 m) Port of Boston: 47 feet (14 m) Unlimited Port of Portland (Maine)
In 1975, the group established the Port Authority of New York and New Jersey's first dedicated container terminal, at Berth 51 at Port Elizabeth, New Jersey. APM Terminals was founded as the port and terminal operating unit of Copenhagen, Denmark-based A.P. Moller - Maersk Group in January 2001
[7] [8] In 2011, the terminal handled 110,000 containers. [9] Red Hook Container Terminal LLC operates the terminal in an agreement made in 2011 with the Port Authority when it had control over the facility. [10] [11] In May 2024, the Port Authority transferred ownership of the terminal to the New York City government. [12] [13]
The vast majority of containers moved by large, ocean-faring container ships are 20-foot (1 TEU) and 40-foot (2 TEU) ISO-standard shipping containers, with 40-foot units outnumbering 20-foot units to such an extent that the actual number of containers moved is between 55%–60% of the number of TEUs counted.
Flag used by the Port Authority, a bicolor of Buff and Blue with the coat of arms of New Jersey and New York surmounted on gold fringe. The Port Authority of New York and New Jersey, (PANYNJ; stylized, in logo since 2020, as Port Authority NY NJ) is a joint venture between the U.S. states of New York and New Jersey, established in 1921 through an interstate compact authorized by the United ...