Port NOLA earns back-to-back record container volumes

The Port of New Orleans topped a half-million TEUs (twenty-foot-equivalent units) handled at its Napoleon Avenue Container Terminal for the second year in a row, setting another all-time high. For fiscal year 2016, the Port recorded 532,427 TEUs, up from 528,329 in fiscal year 2015.

“We continue to realize growth in our container market and expect that demand to surge in the coming years, particularly as it relates to chemical exports such as resins and PVC,” said Robert Landry, Vice President of Commercial and Operations for Port NOLA.

Nearly $40 million was invested last year to increase efficiencies and capacity at the Napoleon Avenue Container Terminal and the Port is preparing to invest more than $25 million to expand container capacity to nearly 1 million TEUs by adding 28 acres of heavy-duty paving at the terminal’s Milan Upland marshalling yard.

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The Port’s $25 million Mississippi River Intermodal Terminal opened in March, a nearly $8 million refrigerated container racking system is now in place and two new rubber-tire gantry cranes were added by terminal operator New Orleans Terminal.

Regarding the infrastructure investments, Landry said, “The additions, combined with expansion plans for container storage capacity, will position the Port to handle our anticipated growth in the short-term.”

Current cargo figures illustrate the chemical sector’s growth. Through the first five months of 2016, the Port realized gains in chemical exports of 15.62 percent, the highest performing commodity portwide.

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In other cargo, poultry exports rose 41 percent as major destination countries relaxed restrictions on U.S.-produced poultry in 2016. On the inbound side, the Port realized a more than 12 percent increase in coffee and non-ferrous metals traded on the London Metals Exchange.  

 

 

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