NYK Ports Expands Global Terminal Operations

NY
Port of New York and New Jersey

By MarEx 2016-11-17 18:59:36

NYK Ports and Macquarie Infrastructure Partners III have invested in Maher Terminals, which operates a terminal in the U.S. port of New York and New Jersey.

On November 16, 2016, NYK Ports acquired a 20 percent share of Maher, the latest move in its global expansion.
 
The port of New York and New Jersey handles the most containers of any port on the East Coast of North America. Maher is the largest terminal in the port with a handling capacity of 3.0 million TEUs annually. 

After construction to raise the Bayonne Bridge’s clearance is completed in late 2017, the terminal will be able to accommodate container ships carrying up to 14,000 TEUs. Growth in demand is anticipated as traffic bound for the East Coast through the Suez Canal rises as manufacturing’ shifts from China to South East Asia, and as larger ships destined for the East Coast make use of the expanded Panama Canal.

In August, a new container terminal built by NYK Line together with PT. Pelabuhan Indonesia II, Mitsui & Co. and PSA International opened for commercial service at Tanjung Priok Port in Jakarta, Indonesia. 

The terminal has an annual handling capacity of approximately 1.5 million TEUs, an overall berth length of 850 meters and a 16-meter draft, allowing the terminal to accommodate advanced mega container ships. 

In accordance with its medium-term management plan More Than Shipping 2018, the NYK Group is continuing its efforts to strengthen its global network and improve synergies between terminals and container ships.