Port of Houston Expecting Record Year
The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director Roger Guenther reported to the port commission of the Port of Houston Authority at its monthly meeting Tuesday. "Container volumes are on pace for a record year, and steel imports are set to surpass the previous tonnage highs set in 2008," Guenther said, adding that cargo operations for November reflect a 15 percent increase in container TEUs and an 82 percent growth in steel imports, year over year.
Bayport Dredging a Step Closer; Barbours Cut Pending
The U.S. Army Corps of Engineers has furnished the Port Authority its draft permit for the Bayport Channel Improvement project, Executive Director Roger Guenther reported to the Port Commission of the Port of Houston Authority today. The draft permit for Barbours Cut channel dredging will follow soon, he said. The projects at the Port Authority’s two container terminals, which will deepen the channels from 40 feet to 45 feet to match the depth of the Houston Ship Channel, are expected to begin shortly. Reporting on a recent Audit Committee meeting, Port Commission Chairman Janiece Longoria said the financial statement audit of the Port Authority for the fiscal year ended December 31…
Dredging Permits for Bayport & Barbours Cut Expected Soon
Following the recent meeting of the Port Commission of the Port of Houston Authority, the following news items of note were released. The Port Commission approved a $68 million construction contract with Orion Construction L.P. for Bayport and Barbours Cut channel improvements. These significant dredging projects will begin, following issuance of U.S. Army Corps of Engineers permits and approval of its assumption of maintenance of the channels, Executive Director Roger Guenther reported.
Port of Houston Tonnage and Revenue Up
Tonnage is up this year at the Port of Houston Authority, with container tonnage through May up by 9%, Executive Director Len Waterworth reported at Tuesday's meeting of the Port Commission of the Port of Houston Authority. Waterworth also reported that May operating revenue was at an all-time high of $20 million, up 4% or $800,000. This marked the first time in Port Authority history that operating revenue has exceeded $20 million. Year-to-date operating revenue of $96 million reflects a $4 million or 5% increase, again driven by strong container growth.
