Real Estate Properties News

Container vessel operations resumed at the Port of New Orleans on Tuesday, nine days after Hurricane Ida made landfall in southeast Louisiana as a category 4 storm.The first two ships worked at the Napoleon Avenue Container Terminal were the MSC Charleston at New Orleans Terminal and the Hapag Lloyd CSL Manhattan at Ports America. Seacor’s container on barge service will be worked tonight by Ports America.“Our wharves are busy today, handling both container and breakbulk cargo vessels, and trains are moving,” said Brandy D.

Canadian shipping company Algoma Central Corporation has renewed and upgraded its VSAT Connectivity contract with technology solutions provider Imtech Marine. The agreement now provides VSAT satellite coverage and airtime Connectivity to 34 vessels which are owned or managed by Algoma. Algoma Central Corporation owns and operates the largest Canadian flag fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Waterway, including 18 self-unloading dry-bulk carriers, seven gearless dry bulk carriers and seven product tankers.

Today, Gov. Bobby Jindal and IT Minerals LLC CEO Jose Domene announced a $4.5 million capital investment by the company in Louisiana, where IT Minerals will establish an importing, processing and exporting facility at the Port of New Orleans for minerals sourced from Mexico and other countries. The project will create 12 new direct jobs with an average annual salary of $34,000 a year, plus benefits. LED estimates the project will result in an additional 28 new indirect jobs, for a total of 40 new jobs in the Southeast Region. IT Minerals is a manufacturer of lightweight aggregates and fillers for polymer-based products; construction products; and insulation, filtration, textile, cryogenic, horticulture and gardening products. Gov.

Alexander & Baldwin, Inc. "As many of you are aware, an earthquake struck the Hawaiian Islands this morning. The undersea quake, which was centered off of the island of Hawaii (the "Big Island"), struck at 7:07 am local time and was followed by a series of smaller aftershocks. Thankfully, initial reports indicate that casualties were limited and that there were no fatalities. As always, A&B stands ready to assist and support its employees, customers and fellow Hawaii citizens in dealing with the aftermath of the quake. "Fortunately, A&B's operations and real estate properties avoided any serious interruptions or damage as a result of the earthquake, and our terminal operations and agricultural facilities continue to operate.

Moody's Investors Service changed to stable from negative the outlook of its Ba1 senior unsecured debt rating and (P)Ba1 Japanese shelf registration rating of Mitsui O.S.K. Lines, Ltd. (MOL) and Ba1 debt ratings of Euromol B.V. and Mitsui O.S.K. Finance plc. The latter two companies are MOL's overseas finance subsidiaries supported by keepwell agreements with MOL. This rating outlook change is based on Moody's belief that MOL's improving performance will continue to contribute to its earnings and the company's financial fundamentals will be strengthened in the near to medium term. Although MOL's debt level increased marginally after its April 1999 merger with Navix Line…