PoH: Upward Trend Continues in Financial Results

Press Release
Friday, November 16, 2012

And More Good News: Partnership With Two Cruise Lines Announced



The Port of Houston Authority will partner with Princess Cruises and Norwegian Cruise Lines to offer new services from the Bayport Cruise Terminal, it was announced at the Nov. 15 Port Commission meeting. Princess Cruises will make passenger cruise calls during the 2013-2014 cruise season, while Norwegian Cruise Lines has committed to three years and will begin service in 2014. This will result in a $200 million economic impact to the communities within the greater Houston region over this four-year period.



In other good news, financial results for October continue an upward trend, Executive Director Len Waterworth said in his monthly financial report.

 

 

Waterworth reported that total tonnage at Port Authority facilities (excluding bulk cargo associated with leased locations) was up slightly at 6,000 tons or less than one-half percent for the month of October compared to last year, while year-to-date tonnage continues to show solid growth of 1.7 million tons or 8 percent. This growth has been fueled primarily by steel, which has increased by 1.2 million tons or 32 percent compared to last year.
 


October operating revenues were $18 million, up by 7 percent over last year. Year-to-date Port Authority revenues of $186 million reflect an increase of 9 percent over 2011, led by steel tonnage, dredge disposal fees and container revenues, and year-to-date operating expenses are down $2 million or 2 percent.
 


During the meeting, representatives from the Greater Houston Partnership, Greater Houston Port Bureau, Houston Area Urban League, Houston Citizens Chamber of Commerce and Houston East End Chamber of Commerce reported on their economic development and outreach efforts on behalf of the Port Authority and the region.
 


Among other staff reports, Government Relations Director Spencer Chambers provided an update to the Port Commission on the Sunset Advisory Commission review of the Port Authority. At its Nov. 13 hearing in Austin, the Sunset Commission adopted a final set of recommendations after making two modifications to its staff's recommendations released in August. The Sunset Commissions recommendations for statutory changes will be drafted into legislation that is expected to be considered by the Texas Legislature during its next regular session beginning in January 2013. Input from the public and other stakeholders is also expected to continue as well as other modifications and amendments as the legislative process moves forward.
 


John Moseley, General Manager, Trade Development, presented highlights of the department's achievements for 2012. Moseley said it was a good year, with revenues up and cargo volumes growing, the addition of six new carrier services calling Port Authority terminals, and an increase in customers. MoseIey also reported that in October, the Port Authority served as host of the Breakbulk Americas Conference for the second time in its history, an economic impact of $4.38 million and attendance increasing by 19 percent to 4,500.

 

 

Maritime Today


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

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

Cruise Ship Trends

Ovation Of The Seas Sets Sail From China

Royal Caribbean christened their third Quantum class cruise ship, Ovation of the Seas, to huge fanfare in a ceremony in Tianjin, China.   The event marked the

Crystal Cruises Plans Return to Port Everglades

Crystal Cruises' ships will return to Broward County's Port Everglades beginning in Fall 2017, having last sailed from the port in 2006.   Beginning October 27,

Kiel is First German Port of Call for Mein Schiff 5

The brand-new TUI Cruises newbuilding Mein Schiff 5 has arrived in Kiel – her first German port of call since being handed over in Turku, Finland, a few days ago.

Finance

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

World Stocks Tumble as Britain Votes for EU Exit

Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money

News

“Twiggy” Baker Wins BWT Puerto Escondido Challenge

Grant “Twiggy” Baker (ZAF) claimed victory today at the Puerto Escondido Challenge, besting a field of 24 of the world’s best big wave surfers in towering 20-to-35

Winners of International Seafarers' Welfare Awards

The winners of ISWAN's International Seafarers' Welfare Awards 2016 were announced on 24th June at a high-profile ceremony held in Manila, the Philippines. The

Blue Angels Resume Schedule

The U.S. Navy Blue Angels will return to its 2016 demonstration schedule July 2-4 in Traverse City, Mich., Commander, Naval Air Forces announced. The Blue Angels temporarily stood down,

Government Update

Indonesia Bans Ships for Philippines

The Indonesian Government has banned vessels flying Indonesias flag from sailing to the Philippines following the latest hostage incident.   According to a report in AP,

Traffic Separation Schemes off Western Australia

On 1 December 2016 two new Traffic Separation Schemes (TSS) will come into effect off the south-west coast of Western Australia. Australia’s proposal to establish

Austal Delivers LCS 8 to US Navy

Austal Limited (Austal) (ASX:ASB) delivered the future USS Montgomery (LCS 8) to the U.S. Navy, during a ceremony held aboard the ship at Austal USA’s shipyard in Mobile, Alabama, USA on 23 June.

Logistics

More PPPs Needed to Enhance Dubai Maritime

The Marine Advisory Council has met to discuss the best ways to continue leading the march to excellence pursued by the Dubai Maritime Authority in upgrading the

210 Ships Pass Through Suez Canal Last Week

Suez Canal traffic data revealed that 210 ships transited the canal, with a total load of 12.8m tonnes, from 19 to 23 June.   An average of 42 ships transited the canal per day during that period,

Maersk Takes Coffee Very Seriously

Maersk acknowledges that coffee is very special, mainly in regards to the processes and requirements involved for it’s shipping. "So we have adapted the way we work so we can meet your needs,

 
 
Maritime Contracts Maritime Standards Naval Architecture Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1814 sec (6 req/sec)