The Port Authority of New York and New Jersey has finalised a 33-year lease extension with Maher Terminal – its largest and only common user container facility – ensuring terminal operations through 2063. For shippers and BCOs, the agreement signals long-term stability at a gateway that handled 35% of NY–NJ’s container volume in 2024.

Under the deal, Maher will take full responsibility for wharf and berth rehabilitation by 2030 and commit to infrastructure improvements aligned with future cargo growth, which the port expects could double or triple by mid-century. Incentive-based rental structures are designed to encourage capacity expansion, directly supporting more consistent vessel handling and reducing future congestion risks.

The extension also includes sustainability requirements tied to the port’s 2050 net-zero goal, with Maher pledging to adopt cleaner cargo-handling technologies as they become available—an important development for shippers tracking Scope 3 emissions.

As the only neutral, non-carrier-owned terminal in the port complex, Maher’s long-term stability ensures continued access across multiple carrier services, offering BCOs greater resilience and flexibility in route planning. With NY–NJ moving 8.7 million TEU worth $264 billion in goods in 2024, the agreement reinforces its role as the East Coast’s leading gateway.