Port Houston

Texas, Louisiana ports see surge in November freight volumes

Total November freight movements were up in Houston and Corpus Christi, Texas, and in New Orleans, boosted by imports of consumer goods and machinery and exports of crude oil. 

Port Houston containerized freight soars 24% in November

Port Houston’s container volume in November recorded a 24% year-over-year increase to 369,361 twenty-foot equivalent units.

Port officials said November was the busiest month of the year so far for container shipments.

“This year has been nothing short of exceptional,”...

https://www.freightwaves.com/news/texas-louisiana-ports-see-surge-in-november-freight-volumes

Port Houston on track to surpass 4 million TEUs in 2024

Port Houston is poised to close 2024 as one of its most successful years, having already handled around 3.8 million TEUs in the January-November period, translating to a 9% increase compared to the same period last year.

November alone saw a record-breaking 369,361 TEUs, marking a 24% year-over-year surge and the highest monthly container volume of the year.

Charlie Jenkins, CEO of Port Houston, stated: “This year has been nothing short of exceptional. Our record-breaking volumes speak to the...

https://container-news.com/port-houston-on-track-to-surpass-4-million-teus-in-2024/

October freight traffic mixed at Gulf Coast ports

Ports in Houston and New Orleans reported decreasing container volumes in October, while demand for exports of crude oil remained strong at the Port of Corpus Christi, Texas.

Port Houston container volumes down 15%

Container volumes fell 15% year over year to 309,623 twenty-foot equivalent units at Port Houston compared to last October, slowed by decreasing shipments of steel products.

Steel imports saw a 25% year-over-year drop for the month to 218,984 short tons, reflecting a 7% year-over-year...

https://www.freightwaves.com/news/october-freight-traffic-mixed-at-gulf-coast-ports

Port Houston records nearly 3.5 million TEUs in first 10 months of 2024

Port Houston has handled 3,430,212 TEUs from January to October this year, marking a 7% increase compared to the same period in 2022.

However, container volumes for October specifically declined by 15% year-over-year, reaching 309,623 TEUs. Despite this dip, overall volumes are expected to remain strong through the year’s end, according to the port.

In the previous month, loaded imports decreased by 13%, and loaded exports fell by 21% compared to October 2023. Nevertheless, total loaded container...

https://container-news.com/port-houston-records-nearly-3-5-million-teus-in-first-10-months-of-2024/

Borderlands Mexico: Entrepreneurs, small business see value of investing in Mexico

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Entrepreneurs, small business see value of investing in Mexico; Automotive supplier plans third plant in Mexico; Cargo vessel makes first call at Port Houston; and $31M worth of meth found hidden in hot peppers shipment.

Entrepreneurs, small business see value of investing in Mexico

Business owners continue to see Mexico as a positive place to invest in manufacturing...

https://www.freightwaves.com/news/borderlands-mexico-entrepreneurs-small-business-see-value-of-investing-in-mexico

Dry cargo vessel makes first call at Port Houston

Port Houston recently welcomed the vessel Bahri Diriyah, a versatile multipurpose dry cargo vessel, to its Turning Basin Terminal.

This marked the vessel’s maiden voyage to Houston from Dammam, Saudi Arabia. The arrival highlights Port Houston’s pivotal role as a hub for international trade and reinforces its strategic ties with the Middle East, which now accounts for 8% of the US port’s total market share.

“We are excited to welcome the Bahri Diriyah on its first visit to Port Houston. This...

https://container-news.com/dry-cargo-vessel-makes-first-call-at-port-houston/

Port Houston approves FY 2025 budget of over US$670 million

The Port Commission of the Port of Houston Authority convened on 12 November for its annual Budget Workshop. During the workshop, Port Houston approved its FY 2025 operating budget of US$674 million and a US$396 million capital plan.

These approvals will guide Port Houston’s facilities management and operation in the coming year.

A cornerstone of regional development for over a century, Port Houston reaffirmed its commitment to economic growth by adopting its 2025 operating budget. The capital...

https://container-news.com/port-houston-approves-fy-2025-us674-million-budget/

Panama Canal chief warns proposed US tariffs may disrupt global LNG trade

HOUSTON — The global market for liquefied natural gas could face new obstacles if President-elect Donald Trump goes through with his proposed 60% tariff on imports from China, said Ricaurte Vasquez, administrator of the Panama Canal Authority (ACP).

At the third annual Houston International Maritime Conference, Vasquez said an escalation in tariffs between the U.S. and China could disrupt LNG shipments through the canal.

“As an economist and a believer in the free market, tariffs can work in very...

https://www.freightwaves.com/news/panama-canal-chief-warns-proposed-us-tariffs-may-disrupt-global-lng-trade

Tariffs, shifting supply chains take center stage at Houston maritime conference

HOUSTON — More than 800 attendees at the third annual Houston International Maritime Conference (HIMC24) on Thursday drilled down on everything from President-elect Donald Trump’s proposed tariffs to exports and emerging markets.

The three-day event, which began Wednesday, is hosted by Port Houston. It brought together professionals from across the international transportation and logistics industry for a series of panels addressing key challenges and opportunities impacting the maritime...

https://www.freightwaves.com/news/tariffs-shifting-supply-chains-take-center-stage-at-houston-maritime-conference

Port Houston breaks records with over 3 million TEUs in 2024

Port Houston continues to break records, reaching over 3 million TEUs in a single year, faster than ever before. From January to September 2024, Port Houston handled 3,120,589 TEUs, marking a 10% increase over the same period in 2023.

Loaded imports rose by 4% in September and 8% year-to-date, while loaded exports were down 8% for September, but up 10% year-to-date.

September’s container volume reached 329,462 TEUs, translating to a marginal 1% increase from the same month last year. Steel...

https://container-news.com/port-houston-breaks-records-with-over-3-million-teus-in-2024/

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