FOR IMMEDIATE RELEASE July 5, 2023 Contact: Angelina C. Vicknair, Director of Communications, Plaquemines Port…
BELLE CHASSE, LA – January 11, 2024
Plaquemines Port Harbor and Terminal District (Plaquemines Port) proudly announces the execution of a letter of intent with APM Terminals (APMT) to build a state-of-the-art container terminal on the West Bank of Plaquemines Parish, Louisiana.
APMT is one of the largest terminal operators in the world and is a subsidiary of A.P. Moller-Maersk, a global leader in logistics services. APMT currently operates four container terminals in the U.S.
Louisiana Governor Jeff Landry applauded the initiative: “APM Terminals is a world leader in container terminal operations. This major commitment shows the market’s tremendous confidence in Louisiana as the home of vibrant, growing port activity. Today’s announcement is a direct investment into the businesses and industries that have built Louisiana, and I look forward to the major impact our ports will continue to have on job growth and the economy here in our state.”
The new terminal holds significant potential to enable new business west of the Mississippi River, allowing for new markets of import and export cargos while continuing to grow the various existing Louisiana markets. It will be the port closest to the mouth of the river (3 hours longer round trip to nearest proposed terminal); with the widest ship turning radius.
Plaquemines Port will lease the land to APM under a 30-year agreement with extension options. APMT estimates the initial investment in terminal infrastructure will be approximately $500 million, which will be privately funded.
The initial phase will encompass 200 acres, on-dock rail, and a berth capable of handling the largest ships now traversing the expanded Panama Canal (14,000 TEU).
There will be options to expand the site up to 900 acres for terminal expansion and complementary logistics activities.
“In time, this greenfield site has all the potential to evolve into one of the big ship gateways into the U.S.,” said Wim Lagaay, APM’s Senior Investment Advisor to the CEO. “This venture allows us to build from the ground up, integrating cutting-edge technologies and sustainable practices to create a modern logistics hub that prioritizes safety, efficiency, and productivity. Our collaboration with the Plaquemines Port and local stakeholders is key to developing a facility that sets new industry standards and serves as a boon to the economic vitality of the region.”
Charles D. Tillotson, Executive Director of the Plaquemines Port, emphasized the project’s significance, stating: “This will truly make Plaquemines ‘The Louisiana Gateway Port’. The geographic and strategic advantages are overwhelming.”
Brian Champagne, Port Commission Chairman, remarked, “This development agreement is a testament to the confidence that APMT has in Plaquemines’ key advantages. It will greatly increase global commerce flowing through Louisiana.”
The project is fully supported by the host parish and community. As Plaquemines Parish President Keith Hinkley stated: “We are completely united and excited about this transformative project. It will once again make Louisiana the Gulf’s leading entryway to America.”
About the Plaquemines Port Harbor and Terminal District:
The Plaquemines Port, located at the mouth of the Mississippi River, is a leading maritime hub along the Gulf Coast. With its state-of-the-art infrastructure and strategic location on the Mississippi River, the Port plays a pivotal role in fostering economic growth, supporting local industries, and connecting communities. Equipped with modern terminals and facilities, the Port handles a diverse range of cargo and implements environmentally sustainable practices. The Port owns and operates the ferry system in Plaquemines, an essential connectivity asset. Through its operations, the Port generates employment opportunities, stimulates regional economic diversification, and fuels long-term prosperity.
For media inquiries, please contact Angelina C. Vicknair, email@example.com.
About APM Terminals:
APM Terminals has developed and operated advanced container terminals around the world for more than a half century. The company has facilities in 64 key locations in 38 countries around the globe – with several in development. APM Terminals employs approximately 22,000 people globally, and in 2022, there were 30,000 vessel calls in the terminals. In the Americas Region, APM Terminals operates 14 terminals in 8 countries. www.apmterminals.com
For media inquiries, please contact Kevin Doell, North America Communications Manager, firstname.lastname@example.org, 973-514-5335