Ship agency, stevedoring and terminal operations company T. Parker Host has announced plans to relocate its headquarters from Norfolk, Va., to the Avondale Global Gateway in Jefferson Parish, reports Biz New Orleans. The company, which services the maritime and commercial shipping industries, purchased the former Avondale Shipyard in 2018 and has brought it back into commerce as a global logistics hub.
The Port of South Louisiana announced plans in January to purchase the site from Host for $445 million. Architects of the deal are currently in the midst of a due diligence process that includes a financial feasibility study and an environmental assessment before the plan goes before the state Bond Commission for approval.
Host CEO Adam Anderson moved to the greater New Orleans area several years ago to oversee the redevelopment of Avondale. Read the entire story.