The Port of New York and New Jersey is one of the busiest ports in the world and thus a major commercial artery for global commerce. In 2011, the port handled over 3 million cargo containers in carrying merchandise worth $175 billion, making it a vital conduit for bringing goods into the Northeast. Over the weekend however, AIS beacons showed dozens of ships steaming east, out of the way of what became the largest storm ever recorded in the Atlantic Ocean. Hours later, millions witnessed the subsequent destruction that hurricane Sandy dished out to the region.
The Port of Newark Container Terminal (PNCT) remains closed today. In their latest correspondence this afternoon they note that they will not be open tomorrow and that there is no power in the entire port. Teams are on site evaluating the conditions of all facilities, equipment and power status.