Saturday, November 20, 2021

LOI inked for proposed La. terminal

The Plaquemines (La.) Port Harbor and Terminal District (PPHTD) and potential partners signed a letter of intent (LOI) to kick off a half-year period to conduct studies before making investment decisions on development of a multi-modal, state-of-the-art container terminal in Belle Chasse. The proposed environmentally-friendly container terminal will be powered by a combination of liquid natural gas and electricity. It would encompass up to 1,000 acres and 8,200 feet of Mississippi River frontage that would be 50 miles from the Gulf of Mexico. Phase one of construction is expected to take two years, and would be able to deliver the capability to handle 22,000-TEU class vessels with the ability to expand capacity. Once operational, Midwest shippers would be able to containerize and export agricultural products, refrigerated cargo and chemical resins thanks to American Patriot Holdings (APH), one of the LOI signees. APH’s 2,375-TEU liner vessel will provide Mississippi River transport as far north as Saint Louis. APH’s hybrid vessels would provide transport service in tributary rivers. Parties involved believe a strategically located, state-of-the-art facility, with the environment in mind, fits global shippers’ demands for the future; and a proposed LNG terminal adjacent opens the door for large LNG-powered containerships in the U.S. Louisiana 23 Development Company (Devco) was selected as the exclusive private development partner for Plaquemines Port in December 2019.  Devco will provide financial solutions and funding alternatives. (Source: G Captain 11/17/21) APM Terminals Picked to Operate Planned Deepwater Port on Mississippi River (gcaptain.com)

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