Wednesday, January 24, 2018

Red Hook, Brooklyn's last port, is clinging to a site coveted by developers

Crain's New York Business: "The industry has shifted to large-volume facilities, a trend likely to accelerate in the coming years with the introduction of some of the largest vessels ever built. They can carry 14,000 or more containers and are so massive that the Panama Canal was widened at a cost of more than $5 billion to accommodate them. To make its Port Elizabeth and Port Newark facilities accessible to these ships, which can be 1,200 feet long and 200 feet tall, the Port Authority just spent $1.7 billion to lift the Bayonne Bridge’s roadway 64 feet."