The New York Shipping Association (NYSA) announced that it is reducing the assessment on cargo that moves through the Port of New York and New Jersey.
John Nardi, the president of the NYSA said effective August 1, the per container charge (it is the same no matter what the size of the container) with a destination within 260 miles of the port will be reduced to $94 from $100 in all trades except in the Bermuda trade, which will continue to have a $25-per-container assessment. The cargo assessment is used to fund benefits for longshoremen.
“The new rates continue a decade-long trend of reduced operational costs in the Port of New York and New Jersey and further demonstrates the ongoing commitment of NYSA members to reduce the cost of doing business in the largest and busiest port on the East Coast,” Nardi said.
“The port handled more than 3.3 million cargo containers in 2012, a 2.7 percent increase from 2011. Cargo containers with a destination within 260 miles of our port comprise nearly eighty percent of the total, making this rate reduction very significant for the international carriers that call here,” Nardi explained.
The assessment for cargo moving over 260 miles from the port is $21 per container. - Chris Dupin