Port Houston Executive Director, Roger Guenther, provided a report of solid operating results to the Port Commission of the Port of Houston Authority, at its monthly meeting conducted on Tuesday, May 21, on the continued increases in tonnage, including resin exports.
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.