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WTCNO Weekly Trader

From World Trade Center New Orleans,

Sempra’s LNG Facility in Louisiana Expands
Sempra Energy’s massive $10 billion facility on the Louisiana Gulf Coast that ships liquefied natural gas to destinations around the globe has completed the next step of a larger effort to expand its commercial operations. Production units in the industry are called “trains” and executives at the Cameron project announced Monday the second train at the facility that processes liquefied natural gas, or LNG, is up and running. Read More
Coronavirus Affects Louisiana Stock Prices, Supply Chains
Fears about the global impact of the coronavirus outbreak have hammered Louisiana stock prices, caused some businesses to adjust supply chains, dust off contingency plans and affected some overseas economic development trips. No one in Louisiana has contracted the virus, which has spread to 83,000 people in 60 countries and is being blamed for more than 2,800 deaths worldwide. Read More; See also Coronavirus: a Louisiana Task Force Is Ready
Regional Report: Manufacturing Drives Growth in the Southern States
According to Don Pierson, secretary of Louisiana Economic Development, the six Southern States of AL, AR, KY, LA, MS and TN encompass a workforce of approximately 12 million people. In fact, LA and AR have seen a 14 percent increase in per capita income over the past four years, with the other states in the regional bloc growing at a rate of 9 to 12 percent. In addition, LA’s GDP has surged 17 percent with its neighbors not far behind. Read More
Pan-American Life Insurance Group Reports 2019 Numbers
A World Trade Center New Orleans member, Pan-American Life Insurance Group saw a revenue climb of more than $1.165 billion in 2019, compared to $1.1 billion in 2018 – a nearly 6% increase. The New Orleans-based firm reported its financial results Feb. 26. Pan-American recorded $90 million in net income, compared to $66 million in 2018, a 36.3% increase. Read More