Find government COVID 19 information at https://sacoronavirus.co.za
Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Sea Freight

US port introduces container imbalance fee

05 Aug 2022 - by Staff reporter
The Port of New York and New Jersey. Source: Wall Street Journal
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

The Port of New York and New Jersey would implement a new quarterly container imbalance fee for ocean carriers as part of a multipronged effort to handle record cargo volumes spurred by the peak cargo season and a cargo shift from the West Coast, the Port Authority of New York and New Jersey announced on Monday.

The container management fee, targeting excess empty containers being stored in the port for long periods, will be effective from September 1, pending a mandatory federal 30-day notice period. The fee will reduce the number of excess empty containers dwelling at the port and free up much-needed capacity for containers that are full of imports and ready to be picked up by cargo owners, according to Port Authority chairman Kevin O’Toole.

The port has seen a cargo increase of nearly 12% year-to-date compared to the same period last year and a rise of 34% in cargo volume compared to the same period during pre-pandemic 2019. Despite two years of sustained record cargo growth, the port’s container terminals remained open throughout the pandemic amid national supply chain issues that have caused major disruptions at other ports.

As part of its ongoing strategic planning efforts to encourage all players involved in the cargo shipping community to make substantial capacity improvements elsewhere in the supply chain to accommodate this growth, the Port Authority is taking proactive steps as the East Coast’s largest container port prepares for what is traditionally its busiest annual period ahead of the US holiday shopping season, says O’Toole.

“As we continue to manage record cargo volume and work with our tenants and port stakeholders for the removal of empty containers in a timely manner, we call on all industry stakeholders to find sustainable, long-term solutions to an industry-wide problem affecting many US ports.”

The fee will be assessed on ocean carriers who do not evacuate empty containers that take up space for arriving imports and impede overall port productivity and fluidity. Under this new container management fee, which will be assessed on a quarterly basis, ocean carriers’ total outgoing container volume must equal or exceed 110% of their incoming container volume during the same period, or they will be assessed a fee of $100 per container for failing to hit this benchmark. Incoming and outgoing containers include both loaded and empty containers, excluding rail volume.

Fee proceeds will be used to offset the costs of providing additional storage capacity, and other expenses incurred by the glut of empty containers.

Transnet takes Chinese railway firm to court over parts

Africa

The parastatal needs to secure spare parts and components so that it can maintain unusable locomotives.

31 minutes ago
0 Comments

Malaysian shipping line to open grocery stores

International

The interplay between shipping lines and grocery business opportunities in the EU and Asia has come under the spotlight.

46 minutes ago
0 Comments

Lower fuel price may be hijacked by e-toll debt

Africa

There have been strong hints that the minister of finance will increase the fuel levy to offset the scrapping of e-tolls.

 

Yesterday
0 Comments

Import duty delays cost economy R1.25bn

Africa

A new report has highlighted that more than half of tariff investigation decisions are overdue.

Yesterday
0 Comments

Toyota SA’s Prospecton plant reopens

Africa

More than 4 000 vehicles were damaged at the manufacturing plant during the April floods.

Yesterday
0 Comments

Bunker prices @ noon, August 17

Sea Freight

Follow Freight News for your daily shipping fuel updates.

Yesterday
0 Comments

Hear this – 3D printing is a boon for trade

Economy

Research paper dispels misgivings about economic impact of localisation through additive manufacturing.

Yesterday
0 Comments

Truck crash derails 14-wagon train at level crossing

Africa

The railway track and overhead track equipment were severely damaged during the accident.

Yesterday
0 Comments

Energy exploration to commence off SA’s West Coast

Africa

Gazania-1 on Block 2B of the Orange Basin could yield 349 barrels of oil.

Yesterday
0 Comments

ONE adds Mombasa to Middle East, India service

Africa

Building on MIM service launched in May.

16 Aug 2022
0 Comments

Better life for people, planet and logistics

Sponsored
Road/Rail Freight

With the new UD Euro 5 range, cleaner emission is achieved thanks to UD Trucks' Selective Catalytic Reduction (SCR) technology.

16 Aug 2022

‘Railway police’ green light lauded

Africa

Logistics utility welcomes decision to bring on security personnel.

16 Aug 2022
0 Comments
  • More

FeatureClick to view

SA Import Trade August 2022

Border Beat

24-hour operation considered for Beira Corridor border
03 Aug 2022
SA’s new border guards will tackle illicit trade and movement
14 Jul 2022
Zambia and DRC sign joint communiqué about borders
13 Jun 2022
More

Featured Jobs

New

Finance Manager

Lee Botti & Associates
Durban
17 Aug

Sea/Air Import/Export Controller (Multimodal) DBN

Tiger Recruitment
Durban
15 Aug
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us