Solid Business Activity Continues at Port of Houston Authority

Published: September 29, 2016 |

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Solid business activity has continued at the Port of Houston Authority. The Port Authority’s general and container cargo facilities collectively handled more than 23 million tons of total tonnage through August.

“Container activity is solid at the Port of Houston Authority. Container TEUs are within one percent of last year’s volume, and in fact, August 2016 container volume was up 5 percent,” said Roger Guenther, executive director of Port of Houston Authority.

The Port Commission acted on a number of matters supporting the Port Authority’s vision and strategic goals, to grow and diversify the business base. One item approved was a long-term lease agreement with LBC Houston, L.P., to permit a new liquid bulk facility to be developed on Port Authority property on the north side of the Bayport Turning Basin Terminal. LBC’s joint venturer in the project will be Magellan Midstream Partners L.P.

About the Port of Houston Authority
For more than 100 years, the Port of Houston Authority has owned and operated the public wharves and terminals of the Port of Houston — the nation’s largest port for foreign waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the nation. It supports the creation of nearly 1.175 million jobs in Texas and 2.7 million jobs nationwide, and economic activity totaling almost $265 billion in Texas — 16 percent of Texas’ total gross domestic product — and more than $617 billion in economic impact across the nation.

To stop by the Port of Houston Authority’s website, CLICK HERE

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