New York terminal operating agreement extended

Red Hook Terminals will continue management until at least 2023.

New York terminal operating agreement extended

Red Hook Terminals will continue management until at least 2023.

New York terminal operating agreement extended

Red Hook Terminals will continue management until at least 2023.

 
   Red Hook Terminals (RHT) said Thursday it had reached an agreement with the Port Authority of New York and New Jersey to continue management of the Red Hook Container Terminal for five years.
   The agreement includes an extension option for an additional five-year term if both parties agree.
   RHT President and CEO Mike Stamatis said the cooperation with the port authority “should serve as a model for public-private partnerships and the continued revitalization of public maritime assets.”
   RHT has managed the Red Hook Container Terminal since 2011 and occupies Piers 9-10 at the Port Authority Brooklyn Marine Terminal. More than 1,000 people are employed at the facility.
   Rep. Jerrold Nadler, D-N.Y., said “Red Hook’s container port is critical to Brooklyn’s economy and to our region’s overall shipping capacity. This facility is the only container port on the east side of the Hudson River, which houses two-thirds of our region’s population, and it must be preserved.”

   Rep. Nydia M. Velázquez, D-N.Y., added, “I also look forward to its expansion at South Brooklyn Marine Terminal. The more freight that can move by water and rail, the fewer vehicle miles traveled by trucks on our roads and bridges. This means less wear and tear on our road and highway infrastructure and a reduced environmental impact.”

We thought our numbers would go down because of the trade war. It could still happen, but it hasn’t so far.

The BMW Group opened a new automotive plant in San Luis Potosi, Mexico on June 6 for production of the BMW 3 Series Sedan.

Most Popular
Latest News
Social Media

Loading...

BlueWater Reporting takes deep dive into ZIM

BlueWater Reporting takes deep dive into ZIM

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Copy & Paste the following code to embed this story on your website:

Preview

New York terminal operating agreement extended

Red Hook Terminals will continue management until at least 2023.

on Oct 17, 2018AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Copy & Paste the following code to embed this story on your website:

Preview

New York terminal operating agreement extended

Red Hook Terminals will continue management until at least 2023.

on Oct 17, 2018AmericanShipper.com