Market Overview

Port Houston Continues Strong Path Toward Growth

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The Port Commission of the Port of Houston Authority met in its regular
session on Tuesday, July 25. "Port Houston has already handled nearly 20
million tons of cargo this year, reflecting an increase of 13 percent
from the same period last year," said Executive Director Roger Guenther.
His report to the commission also included an account of other good news
for Port Houston's second quarter. Container volumes increased by 14
percent compared to the same period last year and more than 1.7 million
tons of steel crossed Port Houston wharves, reflecting a year-to-date
increase of nearly 50 percent.

This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20170726006511/en/

Port Commission Chairman Janiece Longoria, along with Port Houston Executive Director Roger Guenther ...

Port Commission Chairman Janiece Longoria, along with Port Houston Executive Director Roger Guenther and HR Generalist Alia O'Neill (far right) pose with Port Houston's summer interns. (Photo: Business Wire)

Among actions taken, the commission authorized an agreement with NOAA,
the U.S. Department of Commerce National Oceanic and Atmospheric
Administration, to support its system that gives users of the Houston
Ship Channel information on tides, water levels, and meteorological
conditions: https://tidesandcurrents.noaa.gov/ports/index.html?port=hg

Also, during the meeting Port Commission Chairman Janiece Longoria
acknowledged the tenth anniversary of the Clean and Green Program.
Port Houston and its partners, including Shell Oil Company and several
public agencies, began the initiative in 2007, and it continues to
leverage the efforts of community service workers and the Buffalo Bayou
Partnership to remove trash and debris from local waterways, including
the Port of Houston Turning Basin. Since its inception, more than 20,000
cubic yards of these materials have been collected – trash and debris
equating to more than 800 garbage truckloads, or covering a football
field piled more than 12 feet high - and as a result did not collect in
Galveston Bay.

Chairman Longoria also welcomed remarks from a representative of the
landscape architecture firm SWA Group, who thanked the commission for
supporting the firm's summer student program, and stated that the
students project, "Port Houston: Moving Landscape," will present their
vision for Port Houston.

The Port Commission is scheduled to next meet on Tuesday, September 26
at 9:00 a.m. There is no meeting scheduled for the month of August.

About Port Houston

For more than 100 years, the port 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 Port Houston's website at:
www.porthouston.com.

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