Positive Trends Mark Start to Port Authority Year

Posted by Michelle Howard
Wednesday, February 26, 2014

Notable accomplishments in revenue generation, cargo throughput, professional performance and international recognition highlighted today's monthly meeting of the Port Commission of the Port of Houston Authority (PHA).



Executive Director Roger Guenther, in his first meeting since being named to the post, characterized January's numbers as "a very exciting start to the new year" with operating revenue of more than $20 million. Guenther cited across-the-board increases in all major areas of cargo as the driver behind a 3-million-ton month for January, which was 15 percent higher than the year before.
 


A contributor to that January figure was 400,000 tons of steel handled, yielding a 36-percent increase at a time when steel numbers were expected to drop due to leveling off of drilling activities.
 


Bulk cargo of 1 million tons was 30 percent higher, fueled by strong performances in coal, grain and pet coke. Overhead expenses were down 10 percent compared to January 2013, contributing to a $9 million bottom line of cash flow. Guenther cautioned that while the numbers are encouraging, the trends tend to be cyclical.
 


The January numbers released  follow the record throughput of nearly 2 million container TEU's at the Port Authority's Bayport and Barbours Cut container terminals in 2013 (1,950,071 which includes containers handled by a third party lessee). The Port Authority's loaded container units grew by 6.1% in 2013 outpacing both the East Coast and West Coast based on JOC PIERS data.

 

During today's meeting Colliers International presented the Port Commission with its designation as the "Gulf's Darn Profitable Port."
 


Additionally, Chairman Janiece Longoria cited the latest U.S. Census Bureau data showing Texas leads the nation in exports for the 12th consecutive year. The state's export revenue totaled $279.7 billion last year, up $14.3 billion, or 5.4 percent, from 2012. California came in second, but well behind Texas. The Port of Houston has led the state in exports during that 12-year span and the Houston region led the nation in that category in 2012.
 


Longoria also noted briefings the Port Authority held for Acting U.S. Maritime Administrator Paul (Chip) Jaenichen and his staff, along with Texas Department of Transportation officials at Bayport Container Terminal.
 


Longoria explained that the Maritime Administration (MARAD) is an agency within the U.S. Department of Transportation responsible for promoting waterborne transportation and ensuring that it is effectively integrated into the nation's transportation system.
 


"We engaged the Administrator in a roundtable discussion focusing on the Port Authority's Wharf 2 extension project at Bayport that received a 10-million-dollar TIGER grant," Longoria said. "We also provided the Administrator and TxDOT guests an overview of our port and its economic benefits to the state and nation.
 


"We also had an engaging visit with Texas Railroad Commissioner Christi Craddick," Longoria continued, "in which we highlighted the port's economic strength and global reach and its impact on Texas. Commissioner Craddick was also briefed on the activity of manufacturers along the Houston Ship Channel."
 


Colliers International Principal Director Michael Taetz, Industrial Specialist Brad Beauchamp and Marketing Director Crissy Nolen presented Port Commissioners with a certificate recognizing the Port Authority as the commercial real estate services firm's 2013 "Gulf's Darn Profitable" port.
 


Colliers also recognized the Port of Houston as the nation's "Most Irreplaceable Port," in 2012.

 

"We are proud to be a part of this market and we wish you continued success," Taetz told Port Commissioners. "We have 13,500 employees worldwide; that's a lot of people working behind the scenes to support your efforts."

 

Other achievements at the meeting included:

 

  • Recognition of the Port Authority's financial accounting team earning the Annual Certificate of Achievement for Excellence in Financial Reporting for the 39th consecutive year. The award is given by the Government Finance Officers Association of the United States and  Canada.  Its purpose is to encourage and assist state and local governments to  go  beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal.
  • The recognition of Port Police Chief Mark Smith, who graduated from  Executive Leaders Program at the Naval Postgraduate School's Center  for  Homeland Defense and Security.


 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Chevron Suffers Loss, Plans Job Cuts

Chevron Corp. reported a first-quarter loss as slumping oil prices continued to drag down revenue. The company said that it is "on target" to lay off a total of 8000 workers by the end of 2016,

China COSCO to be First through the Expanded Panama Canal

China COSCO Shipping has won the draw for its container vessel Andronikos to make the ceremonial first transit through the Expanded Panama Canal during the waterway’s inauguration on Sunday, June 26.

Sellick Equipment to Open New Facility

On April, 20, 2016, at the young age of 97 years, Walter Sellick along with sons Howard Sellick - President, David Sellick - Vice President and grandson Colin Sellick - Systems Manager,

Bulk Carrier Trends

India's Highest non-coking coal discharge at Gangavaram Port

Gangavaram Port, the deepest and the most modern port in the country, has created yet another historical milestone record by discharging 1,56,339 metric tons of Non-Coking Coal from the vessel M.

Baltic Index Down on Lower Capesize, Panamax Rates

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Friday, as demand for capesize and panamax vessels fell.

Aging Seaborne Steel Products

In 2015, seaborne steel products trade accounted for around a fifth of minor bulk trade, having grown on average by 6 percent per annum since 2010, according to Clarksons Research.

Ports

India's Highest non-coking coal discharge at Gangavaram Port

Gangavaram Port, the deepest and the most modern port in the country, has created yet another historical milestone record by discharging 1,56,339 metric tons of Non-Coking Coal from the vessel M.

Holland America Line Kicks off Seattle's Record Cruise Season

The Port of Seattle begins the 2016 cruise season welcoming the first ship call, Holland America Cruise Line’s Nieuw Amsterdam. Larger vessels and more cruises

Shipping Industry Flying On The Dragon’s Back

As the many Greek players in the shipping industry know well, the legend of Icarus tells us the dangers of flying too high. Merchant vessel earnings eventually

News

Italian Ship Rescues 26 Migrants off Libya

An Italian merchant ship rescued 26 migrants off the coast of Libya in rough seas and others were feared missing, the Coast Guard said on Saturday. The Coast

Symphony Sun’ Launched in Leer

On Friday the 29th of April, Nb. 420 was launched in Leer. She was christened ‘Symphony Sun’ and is the fourth vessel in a series of 6 that will be delivered to Symphony Shipping.

ACR to Debut Pathfinder PRO SART at OTC

An important addition to any commercial vessel’s survival gear kit, the Pathfinder PRO SART is introduced by ACR Electronics, Inc. at this year’s OTC. The new search

Vessels

Symphony Sun’ Launched in Leer

On Friday the 29th of April, Nb. 420 was launched in Leer. She was christened ‘Symphony Sun’ and is the fourth vessel in a series of 6 that will be delivered to Symphony Shipping.

ACR to Debut Pathfinder PRO SART at OTC

An important addition to any commercial vessel’s survival gear kit, the Pathfinder PRO SART is introduced by ACR Electronics, Inc. at this year’s OTC. The new search

Holland America Line Kicks off Seattle's Record Cruise Season

The Port of Seattle begins the 2016 cruise season welcoming the first ship call, Holland America Cruise Line’s Nieuw Amsterdam. Larger vessels and more cruises

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1319 sec (8 req/sec)