NYNJ In Decline
Our 2013 throughput forecast for the port of New York New Jersey (NYNJ) continues to signal that the year-end figure will mark a decline on the previous year, in terms of boxes at least. For gross tonnage volumes we remain cautiously bullish, forecasting growth, albeit at a sedate rate, although it should be noted that monthly throughput data for the total tonnage volumes is unavailable.
The downwards revision is predicated on the monthly throughput figures for the port, and on problems the facility has faced with congestion.
The first-half results are now in, and show that box throughput at the facility endured a decline of 3.7% over the six-month period. In H113 NYNJ handled 2.62mn twenty-foot equivalent units (TEUs), compared to 2.72mn TEUs handled in the same period in 2012. This is despite the fact that the outlook for uninterrupted operations has been much more promising than was the case in H212. With the dispute with the International Longshoremen's Association (ILA) having come to a close, the performance over the January to June period has disappointed.
|Poor First Half|
|Port Of NYNJ January To June Throughput (TEUs), 2011-2013|