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

Cruise Ship Trends

Cruise Ship Makes Historic Trip from US to Cuba

Cruise ship MV Adonia sailed into Havana this morning, completing the first leg of its historic inaugural voyage to Cuba that began on May 1, 2016, from Miami,

Damen, Expedition Voyage Consultants Join Forces

Damen and Expedition Voyage Consultants team up to develop globally capable expedition ship. In response to interest from clients in the fast-growing expedition cruise market,

Cruise Ship Sails from US tor Cuba for First Time in 50 Years

A cruise ship is sailing to Cuba from the U.S. for the first time in more than 50 years. The Bermuda-flagged Adonia sailed from the port of Miami carrying some 700 passengers on Sunday.

Ports

Northwest Seaport Alliance Joins Green Marine

The Northwest Seaport Alliance has signed on to participate in Green Marine, North America’s largest voluntary environmental certification program for the maritime industry.

Abu Dhabi Ports Reports Q1 Volume Surge

Abu Dhabi’s RoRo volumes up 31 percent; general and bulk cargo increases 13 percent; container cargo edges up 5 percent   Abu Dhabi Ports, the master developer,

Asia-N.Europe Box Rates Jump 170 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 170 percent to $732 per 20-foot container (TEU) in the week ended on Friday,

Finance

Partners Tap Standardization to Trim Newbuild Costs

Unfamiliar specifications and processes often result in rework, delays and misunderstandings, and are adding thousands of engineering hours to the design and construction

French PM: Aussie Subs to be built in Australia

French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the

Asia-N.Europe Box Rates Jump 170 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 170 percent to $732 per 20-foot container (TEU) in the week ended on Friday,

News

Cruise Ship Makes Historic Trip from US to Cuba

Cruise ship MV Adonia sailed into Havana this morning, completing the first leg of its historic inaugural voyage to Cuba that began on May 1, 2016, from Miami,

Allcargo Groups Subsidiaries as ECU Worldwide

ECU Line, Econocaribe and China Consolidators undergoes rebranding to build a Global Brand Connect   India’s integrated logistics solution provider Allcargo Logistics

Northwest Seaport Alliance Joins Green Marine

The Northwest Seaport Alliance has signed on to participate in Green Marine, North America’s largest voluntary environmental certification program for the maritime industry.

Government Update

Cruise Ship Makes Historic Trip from US to Cuba

Cruise ship MV Adonia sailed into Havana this morning, completing the first leg of its historic inaugural voyage to Cuba that began on May 1, 2016, from Miami,

French PM: Aussie Subs to be built in Australia

French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the

Cruise Ship Sails from US tor Cuba for First Time in 50 Years

A cruise ship is sailing to Cuba from the U.S. for the first time in more than 50 years. The Bermuda-flagged Adonia sailed from the port of Miami carrying some 700 passengers on Sunday.

Logistics

Allcargo Groups Subsidiaries as ECU Worldwide

ECU Line, Econocaribe and China Consolidators undergoes rebranding to build a Global Brand Connect   India’s integrated logistics solution provider Allcargo Logistics

Abu Dhabi Ports Reports Q1 Volume Surge

Abu Dhabi’s RoRo volumes up 31 percent; general and bulk cargo increases 13 percent; container cargo edges up 5 percent   Abu Dhabi Ports, the master developer,

French PM: Aussie Subs to be built in Australia

French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Pipelines Pod Propulsion Port Authority Salvage 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: 0.1670 sec (6 req/sec)