Signing of a Long-Term Lease with Seadrill

Port Of Iberia signing of a long-term lease with SeadrillNEW IBERIA, LA
MAY 29, 2020

The Port of Iberia announced the signing of a long-term lease with Seadrill, a world-class deepwater drilling contractor, to establish a shorebase for their Western Hemisphere operations.  The 10-year lease will include three additional 10-year lease options.  This shorebase will maintain an inventory of parts and components for drill ships across the world.  Seadrill operates over 50 drill ships, primarily overseas, and spends $1 Billion a year in operations. Continue reading

Shorebase Lease

Shorebase Lease BuildingThe Port of Iberia is in the final steps of signing a 10 year lease agreement with multiple 10 year options with a world-class drilling contractor to establish a shorebase for the western hemisphere part of their worldwide operations. The Port has secured $4.4 Million dollars to enhance the existing buildings and land in order to set up the shorebase. This shorebase will maintain an inventory of parts and components for drill ships across the world. According to Port Executive Director Craig Romero, the first step to getting this world-class drilling company to consider the Port was to establish a “Foreign Trade Zone” which the Iberia Parish School Board and Iberia Parish Council approved unanimously. This company operates over 50 drill ships, primarily overseas, and spends $1 Billion a year operating the company which includes a tremendous amount of repairs done in the immediate vicinity of the shorebase. Construction plans have been finalized and will go out for public bids soon.

MILLENNIUM EXPANSION PHASE III

The Port of Iberia has moved forward with Phase III of their Millennium expansion by acquiring approximately 40 acres from Bernard Port Properties, LLC. The property is located behind the Port administration office between Lewis Street and Pesson Road. The Port received $2.4 million in capital outlay funds from the state of Louisiana for land acquisition and canal dredging. This site has already created interest eventually having road, water and rail access.

DYNAMIC GIVING

Bryan Bourque, Director of Dynamic Industries, Inc.,  Juanita Lewis, St. Francis Diner Director, and  Craig Romero, Port of Iberia Executive Director

Bryan Bourque, Director of Dynamic Industries, Inc., Juanita Lewis, St. Francis Diner Director, and Craig Romero, Port of Iberia Executive Director

Over the Christmas holidays, Dynamic Industries, Inc. generously donated a 4-H Championship Hog to St. Francis Diner in New Iberia. The hog was purchased from Peyton Dore at the Sugarcane Festival.

Mark T. Doré Selected as Board President

Photo of Mark Doré recently selected as Port of Iberia Board President replacing outgoing President E.R. “Smitty” Smith, III.

Mark Doré recently selected as Port of Iberia Board President replacing outgoing President E.R. “Smitty” Smith, III.

Mark T. Doré was recently selected as 2020 President of the Port of Iberia Board of Commissioners. He replaces outgoing President E.R. “Smitty” Smith, III. Doré was appointed by the City of New Iberia in 1997. He has been in sales and marketing in the oil and gas industry for over 30 years. “I’m proud to be part of the Port Board of Commissioners for over 20 years. My main concern and priority is to continue working to make AGMAC a reality. The deepening of the channel is vital for the future of the Port of Iberia.”

Good News for Port of Iberia

Craig Romero discusses project with Redguard

Craig Romero discusses project with Redguard

RedGuard, an expert in design and building of blast-resistant buildings, has recently purchased the former Geo Marine property at the Port of Iberia. This manufacturing facility is in addition to their Curtis Lane location.

CSC Sugar, LLC, a leader and innovator in sugar trading, distribution and refining, has recently purchased surplus sugar from area sugar mills Patriot Construction, formerly LeBlanc Marine, is providing material handling and loading the sugar to barge at their Port of Iberia facility. CSC Sugar operates dry transfer and liquid sugar plants in El Paso and Fort Worth, TX, Covington, TN, Chicago, IL and Fairless Hills, PA.

Dynamic Industries, Inc. has completed delivery of 92 pre-assembly modules for one of the world’s largest energy companies. Continue reading

AGMAC Fall 2019 Update

The Port of Iberia is another step further in dredging the Acadiana Gulf of Mexico Access Channel (AGMAC). The AGMAC would allow dredging of a 16-foot deep channel from the Port of Iberia to the Gulf of Mexico via the Intracoastal Canal. Craig Romero, Port Executive Director, stated that $13.5 million has been received from the state to begin Phase I. The first step to prepare for the dredging is to lower five pipelines to required depth at the Commercial Canal between the port and the Intracoastal Waterway. This work is slated to begin in July 2020. Improved bulkheads to 20 feet inside the port have already been completed at a cost of $29 Million dollars over the past 5 years. Romero emphasized the importance of the channel to Port businesses to remain competitive. “Dynamic, Omega, Frank’s…they are all being denied the ability to bid on projects because of navigation charts showing a low depth at the Port of Iberia,” Romero said.

Business Growth at the Port of Iberia

Craig Romero discusses project with Jeff Clement of Dynamic Industries and Iberia Parish Council Member Eugene Olivier

Craig Romero discusses project with Jeff Clement of Dynamic Industries and Iberia Parish Council Member Eugene Olivier.

The Port of Iberia is off to a great start of 2019 according to Port of Iberia Executive Director, Craig Romero. “Quite a number of port businesses have new contracts and projects,” stated Romero. “The Bayou Companies are busy with 1.8 million feet of pipe coating for a major pipeline project. The pipe was previously coated by Bayou Companies.  However, the project was put on hold for a few years. Now that the project is back on track the pipe needs to be cleaned and recoated.”  The pipe is transported by barge and railway. This is only one of the contracts for Bayou Companies.

Dynamic Industries, Inc. continues to fabricate 92 pre-assembly modules for one of the world’s largest energy companies. These modules will be used in a polyethylene plant in Pennsylvania. Dynamic also received an additional order for 44 modular units for Texas. This additional contract will have the number of workers peak at 450 during this year. Various parts of this project will also include three other local companies…Omega, LQT and Berard Transportation. Continue reading

Port Welcomes New Board Member Shane M. Walet

Swearing in of Shane Walet as a Port of Iberia Board Member

Swearing in of Shane Walet as a Port of Iberia Board Member

Shane Walet was recently appointed to the Port of Iberia Board of Commissioners by the Village of Loreauville. He is replacing resigning Board Member Gene Jefferies. Walet brings nearly 25 years of oil and gas experience to the Port. He is presently a Quality Technical Services Specialist for National Oilwell Varco-Tuboscope. “I’m honored to be appointed by the leadership of the Village of Loreauville,” Walet stated.  “Loreauville and the Port of Iberia have always had a great relationship. I look forward to working with my fellow commissioners, the Executive Director, and the staff to meet the future challenges and continue diversification to meet the needs of the industry.”

E.R. “Smitty” Smith, III Selected Board President

E.R. “Smitty” Smith, III

E.R. “Smitty” Smith, III –
Port of Iberia President

E.R. “Smitty” Smith, III was recently selected as 2019 President of the Port of Iberia Board of Commissioners.  He replaces outgoing President Roy A. Pontiff.  Smith was appointed to the Board by the City of New Iberia in 2014.  He is owner of Instrument Electrical Solutions, Inc.  “The Port of Iberia has been and will continue to be vital to producing jobs both directly, and indirectly through induced related activities,” stated Smith.  “With the current state of affairs both globally and locally regarding the energy sector, it is important that we as a commission take care of the needs of our current tenants, but also look to diversify and attract tenants outside of the oil patch.”