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APM Extends Elizabeth Terminal Lease 33 Years

The Port Authority of New York and New Jersey, or PANYNJ, on March 27 approved a lease extension for A.P. Moller – Maersk’s APM Terminals Elizabeth lease through December 2062, Maersk reported. Originally set to expire in 2029, the 33-year lease extension marks a significant milestone in the company’s relationship with the port, which dates back more than a century. The extension paves the way for major infrastructure investments to enhance ... [+]

PANYNJ Change of Command

FBJ-NA offers a salute to Rick Larrabee, former port commerce director, Port Authority of New York/New Jersey (PANYNJ) on his retirement, and hails his replacement, Molly Campbell. Larrabee retired on a high note with cargo volumes at record levels thanks to strategic initiatives he led, including the 50-foot channel project, investments ... [+]

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