Specifically, the port saw a 9% increase year-on-year, including an 11% increase in loaded container tonnage.

In addition, the overall container TEUs experienced a rise of 13% for the year, along with a year-over-year increase of 15% in April. In the meantime, the port Authority discussed on the steel imports that have grown by 31%, in comparison to the same period last year.

According to the report, Port of Houston's exports also increased by an overall of 38%, whereas polyethylene exports increased by 62%.

Port Commission Chairman Ric Campo commented

The Port is open for business, and it is going to be fair to everyone. Fundamentally, we need a wider and deeper channel.

In light of the port's growth, the port Commission approved management's request to award a contract for financial advisory services to assist with developing financing strategies and options related to channel infrastructure projects.

Concluding, Guenther noted

The big driver of this growth is the much-anticipated surge in resin exports ... It is here, and it is solid.