Switzerland-based Mediterranean Shipping Company (Mediterranean Shipping Company), through its investment and development subsidiary Terminal Investments Limited (Terminal investment Limited), will invest $0.8 billion in partnership with the State of Louisiana to build a $1.5 billion container terminal in New Orleans.

it is understood that MSC said the terminal will eventually be able to handle 2 million TEUs per year. New Orleans will be able to handle larger ships with a capacity of just over 16,000 TEU and will have more powerful intermodal and rail connections than the port's Napoleon Terminal. Through the multimodal connection of the Port of NOLA, the capacity of Louisiana's distribution center, logistics services and value-added services will be enhanced.

port officials hope the first berth, scheduled to open in 2028, will help attract more retailers and then bring more container services. The terminal will be able to serve ships of all sizes, increasing Louisiana's import and export capacity.

2022, global economic growth has slowed significantly due to multiple factors, and the growth level of global seaborne trade has narrowed significantly.

at the severity of the outbreak, New Orleans suffered from carriers skipping port calls to improve reliability and losing service, leaving exporters with fewer navigation options and reducing exports by about 13% between 2020 and 2021.

recently, MSC has purchased about 250 used container ships since June 2020. Søren Toft, CEO of MSC, said that because there is enough demand in the market, if we do not expand the fleet capacity, the freight market will be even worse.

According to Alphaliner data, MSC has ordered 125 new ships with a total capacity of nearly 1.8 million TEU, reaching 38.1 per cent of the existing fleet capacity. and become the largest seaborne capacity deployer in us trade this year.