Houston Port Beats Its Previous Volume Record
- Business & Finance
The U.S. Gulf Coast’s Port of Houston Authority has surpassed 2 million twenty-foot-equivalent units (TEUs) handled for the year, setting a new record.
The port’s performance so far in 2015 beats the previous record of 1.96 million TEUs set in 2014.
“Having the two millionth TEU crossing our docks today illustrates the steadfast guidance of the Port Authority’s leadership through the Port Commission and diligence of our staff to deliver exemplary service to our customers and validates that the port is ready for the increased cargo…and bigger things to come,” Executive Director, Roger Guenther, said.
Projections indicate continued strong growth in containers moving across port authority docks in coming years. The port authority has continued to invest in its facilities and the newest technology to help spur growth.
About USD 700 million is being invested by the port authority over the next decade modernizing the Barbours Cut container terminal to increase efficiency, facilitate larger vessels and double the container handling capacity. Additionally, four new Super Post-Panamax ship-to-shore wharf cranes that were delivered this year are now in operation.