PPORTOCALLORTOCALL The Official Publication Of the South Jersey Port Corporation, An agency of the State of New Jersey PSPRING2013 ING2012C INSIDE COVER Public/private success story COCOA is king at Camden ports PAULSBORO OMNIPORT targets its opening www.SouthJerseyPort.com SJPC BOARD MEMBERS reappointed PPORTOCALLORTOCALL y w Jerse te of Ne f the Sta Agency o oration, An ey Port Corp SPRING2013 South Jers WINP CTER SOUTH JERSEY PORT CORPORATION An Agency of the State of New Jersey CHRIS CHRISTIE Governor of New Jersey KIM GUADAGNO Lt. Governor of New Jersey BOARD OF DIRECTORS RICHARD A. ALAIMO, Chairman CHAD M. BRUNER JONATHAN GERSHEN ROBERT A. DEANGELO SR. JOSEPH A. MARESSA JR. ERIC E. MARTINS CRAIG F. REMINGTON SHEILA ROBERTS FRANCIS X. SMITH CARL E. STYLES CHRISTOPHER CHIANESE, Designee of State Treasurer KEVIN CASTAGNOLA Executive Director and CEO JAY JONES POC Editor Deputy Executive Director/ Administrative Services For information about the Port O Call publication or the SJPC, please write ON THE COVER— Representatives from the three TIGER III partnership agencies us at PO Box 129, Camden, NJ 08101, sign the partnership documents. From left front are SJPC Chairman Richard Alaimo, phone us at 856.757.4969 or visit us at Salem Freeholder Director Julie Acton, and Conrail’s Tim Tierney. ABOVE—Direc- www.SouthJerseyPort.com. Follow us tor Carl Styles (left) and Chairman Dick Alaimo in this photo taken on a Broadway at www.Twitter.com/SouthJerseyPort. Terminal dock. Jersey Board News of New the State gency of tion, An A ort Corpora South Jersey P Richard Alaimo, Board Chairman, is reappointed by Governor RICHARD ALAIMO, reappointed in the late summer to the Board of Directors by Governor Chris Christie, is founder and president of the Alaimo Group, Consulting Engineers, located in Mount Holly and Paterson; he is a Consulting Civil and Sanitary Engineer as well as a Licensed Professional Engineer in New Jersey, Pennsylvania and Delaware and a Certified Public Works Manager. A graduate of the Rutgers University College of Engineering, he has been a member of the Port Corporation since 1968, representing Burlington County. He was also a member of the South Jersey Port Commission, the Port Corporation’s predecessor organization. Mr. Alaimo has been chairman of the board since 1993. Board Chairman Alaimo Rev. Carl E. Styles, Director from Salem, is appointed to another term THE REV. CARL E. STYLES, who represents the Cape May/Cumberland/Salem subdistrict, was reappointed to the Board by Gov. Christie this year. After re- ceiving his bachelor’s degree from Glassboro State College (now Rowan Univer- sity), Mr. Styles began his career with The Laborers International Union of North America; he is currently the Business Agent of Local 222, headquartered in Cam- den, New Jersey. He continued his education at the Palmer Theological Seminary in Philadelphia, earning a Masters of Divinity in 2006. While at Palmer, he was asked to pastor at a historic United Methodist Church in the City of Camden where he has now served as pastor for 20 years. The Rev. Mr. Styles was first appointed to the SJPC Board of Directors in 2008. Director Styles Board action Re-Financing Saves $11.8 million in debt service Taking advantage of record low interest rates, the South Jersey Port Corporation refinanced more than $77 mil- lion in bonds, saving the state of New Jersey nearly $11.8 million in future debt service obligations. Under the refinancing, the SJPC and state will benefit from nearly $6 million in reduced bond interest during the next four years with the remaining savings realized over the period ending in January 2033. Reverse Energy Auction benefits Port and tenants The Corporation recently completed a reverse auction that will save $231,700 in energy costs through 2014 for the Joseph A. Balzano Marine and Broadway Terminals. The agency has utilized the reverse auction for electrical energy several times in the past reaping similar results. “We will be getting our energy cheaper and from more green and renewable sources which means reduced energy costs for the terminals’ operations as well as those of our ten- ants,” said Executive Director Kevin Castagnola. The SJPC is an electrical energy distributor which means that the savings it realizes also benefit its tenants who purchase their electricity directly from SJPC. The new rate will take effect on the first metering reading in January 2013. Public Agency Compliance Officer reappointed At its December 2012 meeting, the SJPC Board appointed Patrick Abusi, SJPC Treasurer, as the Public Agency Com- pliance Officer for 2013. Mr. Abusi has served in that position since 2011 and has been Treasurer since 2006. 1—POC From the executive director THE MISSION of the South Jersey Port Corporation has always been jobs. Good paying, family sustaining, jobs. In 1968 the New Jersey State generated at the SJPC’s terminals. Legislature and Governor William It’s not a give away. It’s Cahill created the SJPC to take a partnership where the State of over the defunct shipyard of the New Jersey, through the SJPC, once mighty New York Shipbuilding can incentivize job creating and Corporation, merging it into the sustaining business in seven South Jersey Port Commission to southern counties of New Jersey that forge an economic development form that South Jersey Port District. engine in the southern region of New These are port-related businesses Jersey. that use our marine terminals. Our After World War II, when public-private partnerships bring America turned from a wartime- benefits to southern New Jersey. driven economy to a global one, the They are businesses like path to a vibrant Holcim Inc., economic the premier future was job- In creating the SJPC, international creating, wealth- the state of New Jersey slag corporation generating trade whose additives and the key to realized that strength trade has always ultimate success would cement. To been water support Holcim, highways— require also committing to the SJPC built rivers, creeks, private-public a conveyor oceans and deep system and a $9 water ports. New partnerships. million Kochs Jersey has these crane— the first natural assets environmentally and has committed to maximize friendly high capacity, electric their use in South Jersey for job crane in the Philadelphia, Camden, creation. Wilmington region. In creating the SJPC, the Similarly, the SJPC formed state of New Jersey realized that a partnership with Joseph Oates, ultimate success would require the leading U.S. fabricator of high also committing to private-public quality vessels for the chemical partnerships. The SJPC is New industry and nuclear facilities with Jersey owned corporation with the the financing of an overhead lift financial backing of the State of New crane, the costs amortized within its Jersey. It wisely provides prudent lease payments. financing to attract private sector In partnership with tenants and customers at attractive Camden International Commodities financial terms that in turn are Terminals, the SJPC became the covered by leases and business leading east coast importer of POC— 2 From the executive director Our public-private partnerships bring benefits to southern New Jersey cocoa beans and the a source to continues as we work on our critical This is all made possible by most chocolate confections sold or rail infrastructure. Vital to any the federal stimulus money called exported from the United States. international port is dock-side rail TIGER (Transportation Investment We did it in a partnership that links the marine terminal to Generating Economic Recovery) and with CICT, cooperation of marine the American heartland. Southern a bipartisan team effort of federal, terminal unions and by developing New Jersey is a peninsula and rail state and South Jersey from Salem, a labor-saving, cost-cutting is a crucial transportation link. Gloucester and Camden counties delivery system that has been That’s why the SJPC formed a who joined hands in bringing money patented to the SJPC. Rather than partnership with Conrail and and jobs to South Jersey. hauling individual bags of cocoa Salem and Gloucester counties, There are signs the global beans, 200 at a time are off loaded to win an $18.5 million federal economy, especially in the United by sling and placed on carts at stimulus grant to upgrade rail States, is rebounding. National dockside. In the process it lowers access from the southern New unemployment rates are at a four- labor costs and the carts haul the Jersey peninsula to the market year low. The housing market dive bags of beans off terminal property heartland of America. Rail is appears to have bottomed out and into a warehouse just outside the an intermodal imperative of a new housing starts are spurting terminal gate. modern logistics infrastructure. upwards. The stock market has The result of this It provides the optimum seamless doubled, the pressure of slow partnership among government, transportation connections to recovery is building and the SJPC the private sector and labor global market of raw material is working with its private sector unions, is that more jobs have suppliers to producers and to the partners to be in the best position been created and maintained. consumers in the most efficient possible to exploit it. It’s a partnership that supply and distribution highway. Workers are shown installing rebar and pouring concrete for bridge foundations at the Paulsboro Marine Terminal. 3—POC Looking ahead Paulsboro omniport construction progressing DURING the summer and fall of 2012, a number of projects got under way as part of the Paulsboro marine terminal redevelopment program. To accommodate the planned terminal redevel- opment while maintaining BP’s on-going site remediation activities, several remediation well relocations were under- taken. This work included the relocating, reconfiguring and protecting ground water remediation wells such that they will be accessible and secure throughout the duration of site redevelopment.