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 Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

DP World Receives 1st Scheduled Vessel at New Terminal

DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.

Bulk Carrier Trends

NewLead Fixes Newcomer, "Newlead Castellano"

NewLead Holdings Ltd. announced today that it has entered into a time charter contract for the recently delivered Handysize vessel, the "Newlead Castellano".

Great Lakes Coal up More Than 12% in September

Lake Carriers’ Association reported that coal shipments on the Great Lakes totaled 3 million tons in September, an increase of more than 12 percent compared to a year ago.

Containers, Cruises Help Boost Marseilles Fos

Container throughput at French port Marseilles Fos reached 876,711 teu for the period January to September, an increase of 6% on the first nine months last year.

Ports

UN: Ship Inspections near Somalia for Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

UN Authorizes Ship Inspections Near Somalia For Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

Container Ships

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

UASC Targets Expansion to Beat Container Market Blues

UASC expects to reach volume of 2.35 mln TEU in 2014 Global carriers still struggling with weak conditions United Arab Shipping Company (UASC) is on a major expansion drive,

DP World Receives 1st Scheduled Vessel at New Terminal

DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.

News

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

UN Authorizes Ship Inspections Near Somalia For Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Clean Marine Wins New Contract

Clean Marine has been selected by Hyundai Mipo Dockyard in South Korea to supply exhaust gas cleaning systems (EGCS) for two new MR tankers. IMO’s convention

Vessels

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

UN Authorizes Ship Inspections Near Somalia For Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Moore Stephens Expects Vessel Operating Cost to Rise

Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, according to a new survey by international accountant and shipping consultant Moore Stephens.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1820 sec (5 req/sec)