The Port Authority of New York and New Jersey has agreed on the renewal of the concession held by APM Terminals Elizabeth, a subsidiary of the terminal operator APM Terminals of the A.P. Møller-Mærsk shipowner group, for the Operation of the port's second-largest container terminal American. The new concession contract, which will have to be approved by the board of directors on Thursday of the Port Authority, has a duration of 33 years and extends the expiry date of the act currently in force, set at December 2029, until December 2062.

During the new contract, investments are planned to be of APM Terminals amounting to over 500 million dollars also for the modernization and maintenance of port facilities. The terminal covers an area of 142 hectares and the new contract provides for the its expansion to include adjacent areas with the aim of increase productivity. Furthermore, with the new agreement, The terminal operator company undertakes to invest in zero-emission equipment.

Last year the Port of New York - New Jersey moved container traffic of 8.7 million TEUs, with a increase of +11.4% over 2023. About a quarter of the volume annual containerized vehicle of the American port is handled by the terminal operated by APM Terminals Elizabeth which in 2024 it set its own new traffic record.