THE Port of New
York and New Jersey posted its strongest container throughput on record for the
month of February despite a drop in total volumes to a seven-month low, reports
London's S&P Global Platts.
The port handled
625,120 TEU in February, an increase of 7.9 per cent year on year, the Port
Authority of New York and New Jersey (PANYNJ) said.
Although the port
continued its record-breaking throughput trend amid a sustained surge in demand
for Asian imports, monthly volumes were the lowest since July 2020 as the
shortened month coincided with the Lunar New Year holidays in Asia, which
reduced export cargo flows.
volumes at New York and New Jersey rose by 11.2 per cent year on year to
334,176 TEU, but export volumes from the port fell by 16.8 to 232,289 TEU as
shipping lines prioritised the swift return of empty containers to Asia over US
Auto volumes at the port proved resilient in February
Auto volumes at
the port proved resilient in February with 41,580 units handled, a 10.6 per
cent increase from the same month in 2020.
The Port of New York and
New Jersey was the third busiest container port in North America in 2020 and
the busiest on the East Coast, with a total throughput of 7.59 million TEU in