Gulf Trade : Top Carriers and Ports
Special Report
Shutterstock . com export facility under construction in Plaquemines Parish , downriver from New Orleans .
Venture Global approved the second stage of the LNG project in March 2023 for completion at the end of 2026 after receiving all federal permits and authorizations , according to the company website . As such , it should not be affected by the slowdown in LNG export project approvals recently announced by the Biden administration .
Back to boxes
New Orleans handled approximately 1.7 million tons of breakbulk and bulk cargo in 2023 , down 26 % from 2.3 million tons in 2022 , Coates said . However , the high volumes in 2022 were a result of the pandemic-driven shift from containers to breakbulk as port congestion
“ The spillover market increased breakbulk cargo by 20 % in 2022 . Today , those cargoes have shifted back to containers .”
and surging consumer demand created global container capacity shortages .
“ The spillover market from containers to breakbulk increased breakbulk cargo such as plywood by 20 % in 2022 compared with 2021 ,” Coates said . “ Today , those cargoes have shifted back to containers .”
In fact , the port saw a surge of cargoes last year that www . joc . com April 22 , 2024 | Journal of Commerce 21