The Port of New York and New Jersey is in the midst of an extensive redevelopment to increase its handling capacity. All of our major terminal operators feature new, high capacity Post-Panamax cranes, new gate systems and improved berths. Across the Port, berths have been strengthened and deepened to 45/50 feet. At Maher Terminals, 3,500 feet of wharf have been rebuilt and three berths have been deepened to 50 feet; at APM Terminals, 2,500 feet of wharf have been rebuilt and two ) berths have been deepened to 45 feet; at PNCT, total wharf length has been increased to over 5,000 feet and two berths have been deepened to 50 feet, and at Howland Hook, the wharf has been extended by the addition of 500 feet to accommodate berthing of three vessels simultaneously. By December 2006, one berth will be deepened to 45 feet.

Along with new storing and stacking technologies and the new equipment that has been introduced throughout the port, we are working hard to expedite the throughput of cargo at our terminals. Maher Terminals has consolidated its two terminals Fleet Street and Tripoli Street in to a single 445-acre terminal with direct access to the expanded ExpressRail Elizabeth. APM Terminals has added 84 acres to its terminal, bringing its total acreage to 350, providing the terminal with direct on-dock rail access to ExpressRail as well. This consolidation will afford higher efficiency, and greater versatility for both terminal operators. Port Newark Container Terminal has recently undergone an expansion, increasing its total facility size to 175 acres, allowing for the greater efficiency of loading and unloading cargo.