Market Overview

Port Houston Jumps to Top 5 U.S. Container Ports

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Due to continued strong growth in loaded containerized cargo, Port
Houston has surged higher in the rankings of the top container ports in
the United States.

Port Houston, which has been expanding rapidly in recent years, has
climbed to become the fifth largest container port in the U.S.,
according to JOC Piers data covering the second quarter of 2018. Port
Houston handled 1,057,964 twenty-foot-equivalent-units (TEUs) during
that period and catapulted up from the sixth spot.

Port Houston is outpacing trade for the U.S. as a whole this year, led
by strong imports, the data also shows. For example, during the first
six months of 2018, Port Houston imports from the Trans-Pacific region
jumped by 24 percent, a significant hike compared to overall U.S.
Trans-Pacific imports, which increased by 5 percent.

Port Houston is the largest container port in the U.S. Gulf of Mexico,
handling about two-thirds of all the containers that move through the
Gulf.

Port Houston is No. 1 in the U.S. in foreign tonnage and is now is in
the Top 5 for containers with Los Angeles, New York, Savannah and Long
Beach. Houston continues to close the gap.

Port Houston, an operating port, has invested hundreds of millions of
dollars on new infrastructure and technology at its two container
terminals in recent years. As part of an aggressive strategy to leverage
new technology and capacity to continuously improve the customer
experience, that investment includes three new ship-to-shore cranes that
were delivered to the Bayport Container Terminal earlier this month. New
cranes also have been delivered to the Barbours Cut Container Terminal,
a 40-year-old facility that is being extensively modernized. New
upgrades to gate operating and terminal operating systems combined with
a highly skilled workforce have created one of the most efficient
container ports in North America.

The three newest STS cranes will make a total of 26 ship-to-shore
operational cranes working at Port Houston's container terminals, 13 of
which are Super Post-Panamax.

About Port Houston

For more than 100 years, Port Houston 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's website at
PortHouston.com.

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