Port of New Orleans Leader Accentuates Positives in Annual Address

MarineLink.com
Wednesday, November 13, 2013
Gary LaGrange address: Photo Port of New Orleans

Port of New Orleans President and CEO Gary LaGrange cited numerous Port and industry-wide accomplishments, while challenging local business leaders to think big and act as ambassadors for the maritime community during today’s 27th Annual State of the Port Address hosted by the International Freight Forwarders and Customs Brokers Association of New Orleans at the Marriott Convention Center. Exerpts from the address follow:

LaGrange ticked through a series of best rankings – most notably the No. 1 logistics hub in the nation by Business Facilities Magazine and Forbes Magazine’s top “Brain Magnet.” As a result of improved business climates and intermodal connectivity, LaGrange cited the vast investments being made by energy, chemical, and steel companies throughout Louisiana. New and expanded plants and exporters will spur cargo in the coming years.

Total Breakbulk volume for fiscal year 2013 was 2.78 million tons, up 1.34 percent compared to the previous year.  With significant investments in oil and gas infrastructure in North America, as well as the $70 billion of announced investments since 2012 in Louisiana, the Port of New Orleans is well positioned for growth in the breakbulk market, LaGrange said. As evidence, the first six months of 2013 has already shown a 500 percent increase in oil field-related equipment.

In the container market, the increase in export cargo has been a driving growth force. The Port has benefitted from the U.S. Gulf industrial rebirth which has given many chemical companies a cost-competitive advantage. As a result, chemical volumes tripled over the last five years. In 2012, the Port handled 2 million tons of chemicals, and the first six months of 2013 showed a 35 percent increase over the same time frame in 2012.
 
While the export cargo growth at the Port captured the attention of industry leaders and even President Obama, the Port also realized significant increases in inbound containerized cargo. Shippers and container carriers are capitalizing more and more on the 12-hour rail connection to and from Memphis for both import and export cargoes. Instead of moving via East Coast ports Port, officials are seeing this cargo slowly begin to shift.
 
The Port’s cruise business continues to break records, as well. In 2012, the Port handled 977,703 passengers and is on pace to break that mark in 2013. A report by Cruise Line International Association, determined cruise spending in Louisiana rose 42 percent in one year to top $399 million, generating 7,548 jobs and ranking New Orleans the sixth largest cruise port in the nation.

Looking ahead, LaGrange touted major projects the entire maritime community must support.
 
“We must find the political will to support vital investments in Port infrastructure in Louisiana,” LaGrange said. “The Port has $66 million in Capital Outlay requests this year alone.”
 
Also, the ultimate deepening of the Mississippi River is vital to all commerce on the Lower Mississippi River, he said. A recent report by economist Dr. Tim Ryan determined a 50-foot channel for the Lower Mississippi River would create $11.49 billion in U.S. production, generate 17,000 new jobs and mean $849 million in increased income for American workers.


 

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

USCG Rescues Unconscious Boater

The Coast Guard rescued an individual from a marsh flat in Barataria Waterway located approximately six miles north of Grand Isle, Tuesday. Coast Guard Sector

SHIPPINGInsight to Focus on Ship Telematics

The subject of ship telematics will be prominently featured at the upcoming SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition, which takes place in Stamford, Conn.

Euronav Acquires $ 750 mi Facility

The Executive Committee of Euronav NV today announced that it has signed a new USD 750 million senior secured amortizing revolving credit facility led by DNB

Cruise Ship Trends

Titanic's Last Luncheon Menu Heading to Auction

More than a century after first-class passengers aboard the ill-fated Titanic ate grilled mutton chops and custard pudding in an elaborate dining room, the ship's

Carnival Ramping Up in New Orleans

Carnival on track for record year from Port of New Orleans in 2015; expects to embark 3 millionth passenger post-Katrina next year   New Orleans’ number one cruise

New London Cruise Terminal Gets Green Signal

London Mayor Boris Johnson gave final approval to build a new cruise terminal on the Thames River at Greenwich.   The terminal, to be located at Enderby Wharf,

Bulk Carrier Trends

CMES Establishes Subsidiary for Valemax

China Merchants Energy Shipping Co., Ltd (CMES), the dry and wet bulk arm of state conglomerate China Merchants Holdings (International) Company Limited, has set

Bulk Carrier Ship Delivered to Pioneer Marine

Pioneer Marine, a shipowner and drybulk handysize transportation service provider, announced  it has accepted delivery of a 38,464 DWT Green Dolphin eco-design handysize vessel, the M.

G E Shipping Takes Delivery of Bulker

The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a new building Kamsarmax Dry Bulk Carrier “Jag Aakash” (81,600 dwt). The vessel was ordered

Ports

Runaway Crane Barge Sinks on the Mississippi

The U.S. Coast Guard is working with a team of responders to recover a runaway crane barge that sunk near Convent on the Mississippi River.   The crane barge

Nigeria Ramps up Push to Eradicate Oil Theft

Nigerian authorities hope to put an end to rampant oil theft in eight months by increasing drone and naval monitoring of territorial waters and working with local communities,

MN: Foss Maritime Company

The Company: Foss Maritime Company is wholly owned by Saltchuk Resources, a privately owned family investment company formed in 1982 and based in the Pacific Northwest.

Container Ships

China Shipping Line to Buy 10 Vessels

China Shipping Container Lines Co is planning to buy around 10 ultralarge container ships for around $1.5 billion, despite the shipping industry struggles with a capacity glut, reports WSJ.

SHIPPINGInsight to Focus on Ship Telematics

The subject of ship telematics will be prominently featured at the upcoming SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition, which takes place in Stamford, Conn.

LNG-fueled Box Ship a 'Momentous Step Forward'

On Saturday, August 29, 2015, the world’s first series of energy efficient containerships welcomed its second LNG-powered vessel in San Diego, fueling the U.S.

People in the News

USCG Rescues Unconscious Boater

The Coast Guard rescued an individual from a marsh flat in Barataria Waterway located approximately six miles north of Grand Isle, Tuesday. Coast Guard Sector

Drilling Down into Risk Management

Afloat or ashore, we cannot eliminate risk, but it can be sensibly managed to a tolerable level. It begins with a hypothetical, but worryingly authentic, tale

Joe Pyne Joins DHT Holdings’ Board of Directors

Crude oil shipper DHT Holdings, Inc. announced today that it has appointed Joseph H. Pyne to its board of directors, expanding the board from three to four independent directors.

Logistics

China Shipping Line to Buy 10 Vessels

China Shipping Container Lines Co is planning to buy around 10 ultralarge container ships for around $1.5 billion, despite the shipping industry struggles with a capacity glut, reports WSJ.

Cosco CSCL Merger Talks Continue

The closed-door talks on what is believed to be merger discussions between Cosco and China Shipping continue, reports local media.   According to JoC, the Chinese

CMA CGM's Profits Jump 67% in Q2

French shipping giant CMA CGM, reported a 66.7% jump in net profit to $156m in the second quarter of 2015. The result compared to a $94m net profit in the same period a year earlier.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pipelines Salvage Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.5137 sec (2 req/sec)