Louisiana’s worldwide merchandize exports reached $63.1 billion in 2013, an increase of .3 percent from 2012, according to a report by the World Trade Center of New Orleans. The state’s chief export markets were China, Mexico and Canada, followed by Japan, the Netherlands, Singapore and Brazil. Louisiana ranked as one […]
Revenue bonds amounting to $40.5 million to fund capital improvements at the Port of Lake Charles will be sold in the municipal bond market Wednesday, Nov. 20, according to port executive director Bill Rase, and local investors will receive purchase priority. The Port’s bond issue comes on the heels of […]
A private company broke ground Tuesday for a $70 million housing facility it plans to build on port property to meet the area’s projected workforce demands. The construction of the temporary employee village, named Pelican Lodge, is expected to bring in 400 jobs. But once completed, in mid-2015, it could […]
Lake Charles, LA—The Port of Lake Charles installed a new ship unloader crane at BT-1, enabling an increase in its cargo capacity and handling efficiencies. BT-1 now has two unloaders that can operate at the same time. For example, when discharging cargo from a ship, one crane will be used […]
The Louisiana State Bond Commission on Thursday morning gave its approval for the Port of Lake Charles to issue up to $100 million in revenue bonds. According to Michael Dees with the Port of Lake Charles, the funds are not supported by tax, and will instead be backed by monies they already have in […]
A state economist forecasts the Lake Charles metropolitan statistical area to add 3,300 jobs in 2014 and 4,500 more jobs in 2015 — an increase of 8.1 percent in two years. Loren Scott gave an optimistic outlook for the area during his annual report to business leaders on Wednesday at […]
In a year of worldwide economic uncertainty, the Port has continued to grow and achieve financial success. The financial results for 2012 show almost $34 million in operating revenues and nearly $14 million in EBITDA, a measure of the port’s operating cash flow. How has the Port of Lake Charles […]
Greenfield Logistical Services (GLS) of Louisiaana plans to build a workforce housing project on port property. GLS will invest approximately $70 million in the development of the workforce housing project, and the company will lease the site from the Port of Lake Charles. The Port will not fund the development […]
Port of Lake Charles Commissioners on Wednesday approved an option for a long-term lease agreement on 108 acres with Magnolia LNG, an Australian-based energy company that plans to build a $2.2 billion export facility that will produce 4 million metric tons of liquefied natural gas per year. Magnolia LNG will […]
Port of Lake Charles Commissioners on Thursday approved an option for a long-term lease agreement on 200 acres with G2X Energy, a Houston-based energy company that plans to build a $1.3 billion natural gas-to-gasoline facility on port property located across from Calcasieu Point Landing on the Industrial Canal. The G2X […]