Importer Notice: Bermuda Container Line (BCL) to continue operations from the Port of New York/New Jersey.
Neptune Group Limited (NGL) has decided to continue to operate Bermuda Container Line (BCL) from Maher Terminals in New Jersey.
Following an in depth review of revenue projections, together with additional customer pledges of support and the overwhelming demand from Bermuda importers to remain in the Port of New York/New Jersey, BCL has made an operational decision to continue service from its New York hub location.
This important decision will enable Bermuda’s importers to access the full range of global transshipment services while also allowing Bermuda’s consolidators the ability to continue operating from their existing northern New Jersey warehouse facilities.
NGL Chairman of the Board, John Wight stated that “after 22 consecutive quarters of cargo decline, BCL experienced its first increase in cargo volume in Q4 2013. Business continues to be up through Q1 2014. There are early signs that the recession may be bottoming out and the economy may be on the road to recovery. We have updated and modelled our revenue and related volume expense numbers. With the continued and increased support of our valued customers, along with renegotiated stevedoring expenses, we can continue to offer service from the port of New York/New Jersey to Bermuda for the foreseeable future while providing adequate returns to our shareholders”.
We appreciate your loyal and continued support.
The NGML team