Parish President David Hanagriff shakes hands with InterMoor Global President Martin Kobiela on Monday after the Port of Morgan City board made lease changes sought by the company.
The Port of Morgan City board made a major tenant happy Monday night with a change in its lease.
The board altered its lease with InterMoor, a Houston-based provider of mooring services for marine operations around the world, including offshore energy production.
The amended lease replaces a series of three 10-year options with a series of six five-year options.
InterMoor Global President Martin Kobiela said the company wants the flexibility provided by the shorter options.
InterMoor has maintained a strong presence in Morgan City despite a shift in energy industry focus from offshore to inland oil and gas production.
InterMoor’s Morgan City facility, which houses ...
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