Friday, April 24, 2020

Port NOLA's volume downturn

The Port of New Orleans showed a large-volume downturn in the month of March as the coronavirus pandemic started to hit freight and cruise ship businesses. Cruise passenger numbers fell 55 percent to about 72,000, compared to February, yet down by about the same amount in March 2019, according information presented to the port's board of commissioners April 23. It should be noted that zero cruise sailings took place after March 15’s Centers for Disease Control and Prevention "no sail" order, which was been extended until at least the end of July. Container shipping volume and break bulk were also down in March. Container volume was down nearly 8 percent. Break bulk cargo was down about 22 percent. (Source: NOLA.com 04/24/20) https://www.nola.com/news/business/article_92419290-85ab-11ea-bc6a-373813c4cb3b.html.