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Tag Archives: Port of Gulfport

Port of Gulfport revenue grows with reconstruction

By JACK WEATHERLY  The Port of Gulfport continues to make progress in its recovery from Hurricane Katrina in 2005, and its revenue reflects that. The port’s “net position” increased by $112.7 million as of the fiscal year ending June 30, compared with an increase of $84.6 million the previous fiscal year, according to an annual independent audit. Net position on ...

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The ‘Blue Economy’ to get a boost with $10M Marine Science Facility at Port of Gulfport

By BECKY GILLETTE GULFPORT — It has been estimated that 35 percent of the Coast’s economy is based on maritime businesses like shipbuilding, transportation, fishing and tourism. And now what has been dubbed the “Blue Economy” will get another boost with the construction of a new $10-million Marine Science Facility that will be built by the Port of Gulfport for the University of ...

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Chiquita mulls decision while N.O., Gulfport wait to see

Chiquita International confirmed in an email on Tuesday that the banana importer is in fact considering whether it will remain at the Port of New Orleans. Speculation has been rampant in recent weeks, without previous confirmation, about the matter, raising the possibility that the company might return to the Port of Gulfport, which it left two and one-half years ago. ...

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Senate earmarks $250M to dredge ‘strategic’ ports, including Port of Gulfport

Legislation that would allocate $250 million to fund  deep-draft harbor and channel dredging for commercial ports such as the Port of Gulfport that have been designated as “strategic” to national security won Senate approval Thursday. U.S. Sen. Thad Cochran of Mississippi said the money will help the Port of Gulfport prepare to fulfill its role as one of 17 commercial ...

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MDA reveals clawbacks on TopShip deal

The Mississippi Development Authority has released to the Mississippi Business Journal the “clawbacks” that TopShip LLC agreed to for state funding and other considerations. The company, which will manufacture boats to service the offshore oil industry at the Port of Gulfport, promised to invest $68 million and create 1,000 jobs. In return, the MDA and the State Port Authority agreed ...

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Strides, criticisms mark Port of Gulfport chief’s tenure

Jonathan Daniels has checked off a few tasks on his to-do list since taking over as head of the Mississippi State Ports Authority in 2012: » Put money in the bank; » Establish a nearly $4 million operating budget surplus; » Expand the Port of Gulfport by 84 acres; » Complete channel maintenance dredging, including 100 feet out from the ...

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State port’s Katrina relief jobs costly, slow to materialize

GULFPORT — The federal government is giving the state of Mississippi more time to create jobs promised in exchange for more than $566 million in Hurricane Katrina-relief funds. The state Port at Gulfport has used the federal money to restore and expand its West Pier, a project that will not be completed before late 2016 or possibly early 2017, port ...

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Gulfport buys Ingalls facility for $32 million

GULFPORT— The Board of Commissioners for the Mississippi State Port Authority has approved the purchase for $32 million a Huntington Ingalls Gulfport facility located about five miles inland. The acquisition is part of a long-range plan to develop an inland port as an extension of the Port of Gulfport, the authority said Friday in a news release. The 116-acre location will increase capacity ...

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MDA’s Christensen forecasts economic growth momentum continuing in 2015

Mississippi Development Authority Executive Director Brent Christensen foresees 2015 being a year when the state builds upon the strengthening economic activity of both the state and the nation in the past year. “As the national economy continues to rebound and strengthen, that momentum will continue to carry over,” Christensen said. “Companies are increasingly seeking new locations to expand as a ...

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Chiquita got $15M in incentives to move back to Louisiana

GULFPORT — Chiquita Brands International Inc. is returning to New Orleans from Mississippi after nearly 40 years. Chiquita, then called United Brands, left New Orleans for Gulfport in the mid-1970s after more than 70 years in New Orleans. It is one of the Port of Gulfport’s top four tenants, according to that port’s website. “This is a huge, historic win ...

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