PortandTerminal.com, December 19, 2020
NEW ORLEANS – The Port of New Orleans oversight board voted Thursday to move ahead with the purchase of land for a $1.5 billion second container ship terminal.
Management at the port see the project as vital to improving its competitive position amongst its rivals.
Port Nola’s volume growth of both imports and exports from 2015 through 2019 was around 20%, but that was only about half that seen by Houston, which has increased its Gulf Coast market share to nearly 70%, according to data from IHS Markit.
The port at Mobile, Alabama also has grown much quicker than Port Nola in volume terms, especially for imports, and has pulled nearly even with Port Nola overall.
On Thursday, the port’s board gave the green light to buy land in St. Bernard Parish and start a two-year due diligence and permitting process for a new facility, which will complement its existing Napoleon Avenue Container Terminal.
St. Bernard currently allows ships with water draft levels of up to 33 feet. Unlike the Napoleon Avenue terminal, which is restricted by the 170-foot ceiling of the Crescent City Connection, it does not have an air draft.
“A new terminal would complement the Port’s existing Napoleon Avenue Container Terminal by exceeding water draft levels and completely eliminating air draft restrictions,” Brandi Christian, CEO, PORT NOLA
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