Solid Business Activity Continues at the Port of Houston Authority

HOUSTON--(BUSINESS WIRE)--

"Container activity is solid at the Port of Houston Authority," Executive Director Roger Guenther announced in his report to the Port Commission today, during its regular September meeting. "Container TEUs are within one percent of last year's volume, and in fact," he added, "August 2016 container volume was up 5 percent." The Port Authority's general and container cargo facilities collectively handled more than 23 million tons of total tonnage through August.

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 today 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.

Other action taken by the Port Commission today include approval of additions to Port Authority Tariffs Nos. 14 and 15, covering Barbours Cut and Bayport Container Terminals. These amendments provide formal notice of actions the Port Authority has taken to keep commerce moving, following the August 30 receivership of Hanjin Shipping Co., and permit the Port Authority to assess, invoice, collect and disburse fees as needed to handle Hanjin's container cargos.
http://www.portofhouston.com/container-terminals/

The 2016 Breakbulk Americas Conference was also announced at today's meeting: from September 26 to 29, the Port Authority, home to the largest breakbulk terminal in the nation, is hosting the annual Breakbulk Americas Conference in Houston.
http://www.breakbulk.com/events/breakbulk-americas/americas-2016/

The next regular Port Commission meeting will be Tuesday, October 25, 2016.

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. For more information, visit the Port Authority website at: www.portofhouston.com.

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