News

Port of Lake Charles to Issue Revenue Bonds

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[…]

Work starting on $70 million Lake Area employee village on port property

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[…]

New Ship Unloader Crane at Port of LC

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[…]

State Bond Commission approves Port of LC Revenue Bonds

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[…]

More Jobs Predicted for LC

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[…]

Port of Lake Charles Provides Update on Various Projects

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[…]

GLS to build a workforce housing project on port property

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[…]

Magnolia LNG facility at the Port of Lake Charles, Louisiana

Port of LC to Lease 108 Acres to Magnolia LNG

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[…]

Two new industrial facilities to be located on Port of Lake Charles property

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[…]

FMT to act as Exclusive Terminal Services and Stevedoring Services Contractor

NOTICE: Please be advised that the Lake Charles Harbor & Terminal District has signed a 4-year agreement with Federal Marine Terminals (FMT) to act as its exclusive Terminal Services and Stevedoring Services contractor. This exclusive agreement applies to all bagged Commercial and bagged USDA PL- 480 cargos handled at the[…]

Location map of the Port of Lake Charles on the Gulf Coast in Lake Charles, Louisiana

Sasol Decision, Years in the Making, Will Benefit All of Southwest Louisiana

Sasol’s major announcement Monday to spend up to $21 billion in Southwest Louisiana would never have made national headlines without an abundance of regional efforts. George Swift, president and CEO of the Southwest Louisiana Economic Development Alliance, said Sasol’s announcement Monday “put Southwest Louisiana on the map.” “This will increase[…]

Cameron LNG, Powering Global Energy from the Port of Lake Charles

Port secures 25-year contract with $2.5-billion clean energy plant

The Port of Lake Charles has secured a $2.5-billion first-in-the-nation gasification clean energy plant project to be located on port property and adjacent to the port’s bulk cargo handling facility known as Bulk Terminal No. 1. The Port of Lake Charles has partnered with Lake Charles Clean Energy LLC (LCCE),[…]

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