Houston Ship Channel

May 28, 2019 Comments Off on Port Houston Continues Growth Momentum Views: 155 Houston-Galveston, Texas News

Port Houston Continues Growth Momentum

Increases in tonnage, including resin exports, helped continue Port Houston’s growth in April 2019. Total tonnage has, to date, increased by 9%. Total container 20-foot equivalent units grew 13%, year to date, and 15% year-over year. Meanwhile, steel imports through Port Authority facilities grew by 31%, compared to the same time a year ago.

“The big driver of this growth is the much-anticipated surge in resin exports,” said the port’s Executive Director Roger Guenther. “It is here, and it is solid.” Resin exports grew 38%, while polyethylene exports increased by 62%.

The Port Commission also approved management’s request to award a contract for financial advisory services, that will assist with financing options related to channel infrastructure projects. An ongoing project is in place to widen and deepen the Houston Ship Channel.

Read More at BusinessWire

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