CEO’s Log

Matthews Paul 8x10

Numbers tell the story, and Port of South Louisiana is telling a tale of resurgence.

The Port of South Louisiana has experienced a remarkable upturn, evident in the Fourth Quarter 2023 data, which reveals an impressive surge of nearly 10 million short tons of cargo. This substantial increase follows the port’s outstanding performance in 2022 when it moved 239,257,758 short tons. In 2023, the momentum continued, with the port handling 248,130,992 short tons, marking back to back years of net increases in tonnage. The reversal of a longstanding trend characterized by annual net decreases is a significant accomplishment for the port. This posi- tive shift underscores the port’s adaptability and resilience in responding to evolving market dynamics.

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We recently welcomed Life for Tyres Group’s transformative initiative at the Port of South Louisiana, which symbolizes more than a significant investment. This investment underscores our port’s global appeal and versatility. The $46 million commitment to establish L4T Louisiana LLC on our grounds not only positions us as a hub for sustainable practices but also heralds a new era of economic growth. That’s not all! St. Charles Clean Fuels plans to build a $4.6 billion blue ammonia production facility in St. Charles Parish at the Port of South Louisiana. These ventures, creating jobs and contributing to environmental responsibility, resonates with our vision for a dynamic and responsible port. As the second largest energy transfer port, we know that we have the strategic geography, abundant natural resources, and skilled workforce to lead the way in the renewable energy space.

As the preeminent grain exporter in the nation and the second- largest tonnage port in the Western Hemisphere, the Port of South Louisiana shoulders a significant role as a key economic driver and a vital contributor to global food supply. In this issue of Port Log, you will read about our longstanding partnership with the United Soybean Board. USB works on behalf of U.S. farmers to help them prosper in an ever-competitive global marketplace. The Missis- sippi River connects our port to farmers in 31 states. This partner- ship with USB ensures that through our 7 grain elevators, we can export over 100 million tons of grain to over 90 countries.

Ports are some of the most significant drivers of our nation’s economy. Port of South Louisiana officials continue to meet with our local, state and nation’s leaders to demonstrate that investments in our ports and infrastructure create jobs and gen- erational wealth for families. As members of the American Asso- ciation of Port Authorities, I am pleased that you will read about some of the important issues and challenges facing ports.

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Sunni LeBeouf

Black History Month Spotlight This Black History Month, Cox Communications is proud to recognize Sunni LeBeouf for her prolific record of professional achievement, civic philanthropy,...

This is our annual directory issue which celebrates the many partners that contribute to making PortSL the state’s largest ton- nage port. We are proud to be home of the world’s best work- force. Our team remains committed to collaborating with all of our tenents and partners as they look to expand and grow. Our door is always open to anyone who wants invest in PortSL. We know you will recognize that we are a better way to cargo!

 

Paul Matthews
Chief Executive Officer

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