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  • 2020 December 20 12:06

    Port of New Orleans set to acquire property for potential new container terminal

    The Port of New Orleans (Port NOLA) is set to begin the due diligence process for a potential $1.5 billion multimodal container terminal to serve the largest container vessels calling in the Gulf of Mexico.

    Following unanimous approval at Regular Meeting of the Board of Commissioners December 17, Port NOLA intends to acquire property in St. Bernard Parish and begin a two-year due diligence and permitting period that will include robust community engagement.

    The Port of New Orleans is a diverse deepwater port uniquely located on the Mississippi River near the Gulf of Mexico. This naturally strategic location allows unparalleled access to 30-plus major inland hubs such as Memphis, Chicago and Canada via 14,500 miles of waterways, six Class I railroads and interstate roadways. The alignment with New Orleans Public Belt Railroad strengthens our position as an integrated hub and supports our vision for regional freight-based economic development. Port NOLA generates $100 million in revenue annually through our four lines of business — cargo, rail, industrial real estate and cruises. As a self-sustaining political subdivision of the State of Louisiana, we receive zero tax dollars.


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2022 January 27

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2022 January 26

18:06 Safe Bulkers announces agreement for the acquisition of one Capesize class dry-bulk Japanese vessel
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