Port of Houston: Steel Imports Plummet
The Port of Houston Authority posted its slowest start in operating revenues since 1999 during the first three months of 2002. Operating revenues through March 31, 2002, decreased slightly to $25.3 million from $25.5 million in the same period in 2001. Operating income for the year was $4.1 million compared to $5.1 million in the first three months of 2001. Compared with the first three months of 2001, steel imports dropped 10 percent in reaction to new steel import restrictions imposed in March. "The decrease in import steel has had a negative effect on Port revenues," said Port Authority Chairman James T. Edmonds. Steel imports have been affected by new trade regulations, including U.S. tariff increases of up to 30 percent imposed on a range of steel imports.
Port of Houston Moves Up to Sixth in the World
Association of Port Authorities. Chairman James T. Edmonds. new trade regulations. helped turn around a downward trend of steel imports. from 522,111 TEUs in the year 2001. the same period of 2001. tons during the same period in 2001. in the first six months of 2001. percent.
Port of Houston Reopens
Port of Houston Authority (PHA) will be reopened at 8 a.m. September 26 for PHA employees and related port personnel only. the means and capabilities to safely travel to the PHA facilities. or supervisors as soon as possible. 713-670-2870. facilities. and barges until the U.S. reopening of the Houston Ship Channel. minimal impact from Hurricane Rita. Galveston Container Terminal.
