November 12 - The Port of New Orleans has surpassed the half-million mark for twenty-foot equivalent units (teu) handled over a 12-month period.
Port president and ceo Gary LaGrange made the announcement during the 29th Annual State of the Port Address, hosted by the International Freight Forwarders and Customs House Brokers Association of New Orleans.
"It's another milestone that comes on the heels of four record years in a row," LaGrange said. "We anticipate continued growth in our container market, along with a robust breakbulk and project cargo market."
In addition, the latest breakbulk cargo data from May 2015 illustrates a growth of more than 15 percent in breakbulk tonnes, led by an 18.7 percent increase in imported steel.
Chemical and petrochemical companies have also announced more than $81 billion in investments in new and expansion projects in Louisiana, and consequently industry experts predict that chemical exports could triple as these projects are completed and come online in the coming years.
LaGrange unveiled two new marketing videos focused on the port's container and breakbulk cargo capabilities, which can be found here and will be made available to port customers and shippers for marketing purposes.
LaGrange addresses delegates at the State of the Port Address in New Orleans.