American cold storage company New Orleans Cold Storage is more than doubling the size of its existing storage space at the Port of Charleston, spending more than USD 14 million (EUR 10.3 million).
The company has provided logistics services for cold storage, including seafood, for more than 30 years.
“Not only will our storage space be increasing dramatically by over 150 percent but we will also be increasing our blast freezing capacity by 100 percent, giving us the ability to grow with the market well into the future,” said Mark Blanchard, President and CEO of New Orleans Cold Storage.
The South Carolina State Ports Authority has authorized a contribution of USD 12 million (EUR 8.8 million) to the expansion.
“We’re pleased to be a part of New Orleans Cold Storage’s expansion, especially given the strategic importance of refrigerated cargo to our business,” said Jim Newsome, President and CEO of the South Carolina State Ports Authority. “So far this fiscal year, we’ve handled nearly 70,000 TEUs of refrigerated cargo, and we hope to see those numbers increase with this announcement.”