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Nola partners with Ports America

Ports America has signed a 50-year lease with the port of New Orleans to continue to operate the port's Napoleon Avenue and Nashville Avenue Terminals.

As part of the agreement, Ports America will invest USD66.5 million in infrastructure and equipment to accommodate up to four new 100 ft (30.5 m) gauge container cranes at the terminals. The investment will allow both terminals to facilitate larger ships and increases in volumes.

The agreement outlines the potential to expand the partnership and increase container capacity with new infrastructure at other potential locations in the port’s tri-parish jurisdiction.

If both parties determine that the expansion project is feasible at a new location, Ports America will invest a minimum of USD300 million and receive a right of negotiation for development and operating rights.

Additionally, the port of New Orleans will provide Ports America with a three-year right to assess and develop an off-dock gate, container yard, chassis depot and/or intermodal container transfer facility (ICTF) that would support existing or new container terminals.

www.portnola.com

www.portsamerica.com

Heavy Lift | News

Bahri joins MACN thumbnail image

Bahri joins MACN

December 10 - Saudi Arabia’s Bahri has become an official member of the Maritime Anti-Corruption Network (MACN).
Views: 110
Cosdel ships to Riyadh Auction and Salon thumbnail image

Cosdel ships to Riyadh Auction and Salon

December 10 - Cosdel International Transportation, a Rock-it Cargo company, transported 447 vehicles from the USA and Canada to Saudi Arabia. The vehicles were up for sale at the Riyadh Auction and Salon during late November.
Views: 86

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