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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

W&O, LESER Partner to Deliver Safety Relief Valves

W&O, a global supplier to the marine and upstream oil and gas markets for pipe, valves and fittings, valve automation and engineered solutions, has partnered with

Fednav Celebrates Anniversary Trio in Cleveland

Fednav Limited held a reception on board one of its vessels, the Federal Mayumi, at the Port of Cleveland yesterday to celebrate a trio of anniversaries: the 70th

Karl Senner Inks Distribution Deal with Electronic Power Design

Karl Senner, LLC (KS) has reached a new strategic representation agreement with Electronic Power Design (EPD). Karl Senner, LLC now represents EPD in the United States marine and offshore Markets.

Cruise Ship Trends

Norwegian Buys Ship from Princess Cruises

Norwegian Cruise Line Holdings Ltd. announces fleet expansion for Oceania Cruises in 2016; Sirena to join sister ships Insignia, Regatta and Nautica   Norwegian Cruise Line Holdings Ltd.

MSC Cruises Advance Onboard Wi-Fi System

MSC Cruises has started a fleet-wide optimization installed by Marlink to improve shipboard VSAT (Very Small Aperture Terminal) connectivity. MSC Cruises said it

Fincantieri Sign MoUs with Carnival & CSSC

Fincantieri, the world leader in the construction of cruise ships, has signed two memorandums of understanding, respectively with Carnival Corporation, the world’s largest cruise line,

Bulk Carrier Trends

MacGregor Deck Equipment for Intership's Eco-bulkers

MacGregor, part of Cargotec, has secured a deck equipment contract from New Times Shipyard in China for Intership Navigation Co Ltd.'s three new 36,500 dwt laker-class bulk carriers.

Fednav Celebrates Anniversary Trio in Cleveland

Fednav Limited held a reception on board one of its vessels, the Federal Mayumi, at the Port of Cleveland yesterday to celebrate a trio of anniversaries: the 70th

Stena Bulk Joins World Ocean Council

Stena Bulk reports it is the first Swedish shipping company to join the World Ocean Council (WOC), a global organization that converges a diverse range of maritime

Ports

Fednav Celebrates Anniversary Trio in Cleveland

Fednav Limited held a reception on board one of its vessels, the Federal Mayumi, at the Port of Cleveland yesterday to celebrate a trio of anniversaries: the 70th

WRRDA: Clearing the Channel for P3 Projects

A Creative Combination for Financing Inland Waterways Infrastructure Earlier this year, the U.S. maritime industry in general, and the inland waterways industry in particular,

BMT Supports Samalaju Port Development

BMT subsidiaries in the Asia-Pacific region have been awarded a contract to provide design expertise for an advanced bulk-material handling system for the emerging port of Samalaju in East Malaysia.

Container Ships

Diana Extends Containership Time Charters

Diana Containerships Inc. announced direct continuation of time charter agreements for m/v Cap Domingo and m/v Cap Doukato   Diana Containerships Inc., a global

CMA CGM Acquires OPDR

The CMA CGM Group has acquired the German shipping company Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG (OPDR), CMA CGM founder, chairman and CEO Jacques R.

Matson Raises 2015 Westbound Hawaii Box Rates

Matson, Inc., a U.S. carrier in the Pacific, announced that Matson Navigation Company, Inc. (Matson) will raise its rates for the company's Hawaii service by $225

People in the News

EU: Ships Will Measure CO2 Emissions

Shippers to begin monitoring from 2018; Environmental groups say law is weak, shippers favorable. The shipping sector will for the first time have to monitor

Matson Raises 2015 Westbound Hawaii Box Rates

Matson, Inc., a U.S. carrier in the Pacific, announced that Matson Navigation Company, Inc. (Matson) will raise its rates for the company's Hawaii service by $225

Melbourne Box Pot Lining Up Bidders

Three of Australia's largest infrastructure funds plan to bid for the country's largest container terminal in a sale expected to fetch about A$5 billion ($4.27 billion) for Victoria state,

Logistics

Fednav Celebrates Anniversary Trio in Cleveland

Fednav Limited held a reception on board one of its vessels, the Federal Mayumi, at the Port of Cleveland yesterday to celebrate a trio of anniversaries: the 70th

Night Moves on America's Waterways

Overnight operations are certainly not unusual on America’s inland waterways, but that doesn’t make them any less hazardous. Onboard activities that seem so straightforward

CMA CGM Acquires OPDR

The CMA CGM Group has acquired the German shipping company Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG (OPDR), CMA CGM founder, chairman and CEO Jacques R.

 
 
Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2554 sec (4 req/sec)