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They’re here…

The first commercial neopanamax ship to transit through the newly expanded Panama Canal locks has arrived at the Port of New York and New Jersey.

MOL Benefactor transits the new Panama Canal. Photo courtesy of Mitsui O.S.K. Lines, Ltd.


Last Friday, the 10,000 TEU ship MOL Benefactor docked at Global Container Terminal in Bayonne, N.J. – becoming the largest containership the Port of New York/New Jersey has handled in its historyMOL Benefactor is part of a new G6 Alliance NYX service, which links ports in Asia with East Coast and South American ports.



GCT Bayonne terminal is currently the only container terminal capable of handling vessels of this size. Port Newark, Port Elizabeth and Staten Island terminals are off-limits until the roadway raising of the Bayonne Bridge is complete.

posted by Mai Armstrong for the Working Harbor Committee, h/t Charles Smith



Photo courtesy of NYCEDC


Despite recent set-backs that have plagued the proposed tourist attraction, the NY Wheel project is moving forward. As reported in the New York Business Journal, NY Wheel CEO Richard Marin says the first batch of concrete will be poured for the foundation this June.

However, differences between wheel executives may affect the announced ‘pour’ date.

Photo courtesy of NYCEDC


New York Business Journal: New York Wheel CFO Eric Kaufman, along with partner Meir Laufer, hired Kasowitz Benson Torres & Friedman LLP for legal counsel, citing Marin’s mismanagement of the project and “improper conduct throughout the development process.” Marin, together with New York businessman Andrew Ratner, has filed his own lawsuit against Kaufman and Laufer, claiming the two investors had not paid an additional $17 million that was required of them as board members.

A New York Supreme Court hearing is scheduled for sometime in June. Read more from the New York Business Journal here…

posted by Mai Armstrong for the Working Harbor Committee

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