Port of Houston on Track to Surpass 2 Million TEU Mark

first_imgzoom The Port of Houston Authority said that it remains on track for a record year driven predominantly by rising operating levels at its container terminals.“Operations continue to perform efficiently and effectively for the benefit of our customers and stakeholders that use the Port of Houston Authority facilities,” said Executive Director Roger Guenther in his report to the Port Commission of the Port of Houston Authority.According to Guenther, the container terminals’ loaded container units have grown 14 percent versus this time last year.“The Port Authority is expecting to surpass 2 million TEUs this year for the first time in its history,” Guenther announced.This month, the Bayport Container Terminal recorded the highest number of gate moves ever in a single day for either of the Port Authority container terminals at 4,300 transactions.The Port Commission accepted the staff’s recommendation for tariff rates to remain the same in 2016. The Commission has aslo awarded rehabilitation work at Wharf No. 2 and three dockside electric cranes at Barbours Cut Container Terminal.Additionally, the Port Commission approved entering into a Feasibility Coast Share Agreement with the U.S. Army Corps of Engineers for improvements to the Houston Ship Channel and tributaries to accommodate future ships and increases in maritime commerce. The Port Authority was one of three ports in the nation selected for a congressional study for potential improvements.“We are investing in the future as we prepare for opportunities ahead to strengthen the Port of Houston’s position in the Gulf,” said Guenther.last_img read more

Technology energy help lift Toronto market index US stocks mixed

TORONTO — Information technology and energy stocks helped lift Canada’s main stock index in late-morning trading, while U.S. stocks were mixed.The S&P/TSX composite index was up 15.14 points at 16,501.08. In New York, the Dow Jones industrial average was down 52.33 points at 27,101.87. The S&P 500 index was up 1.59 points at 2,978.20, while the Nasdaq composite was up 36.96 points at 8,183.45.  The Canadian dollar traded for 76.26 cents US compared with an average of 76.51 cents US on Friday.The September crude contract was up 22 cents at US$55.98 per barrel and the August natural gas contract was up 5.1 cents at US$2.30 per mmBTU.The August gold contract was up 70 cents at US$1,427.40 an ounce and the September copper contract was down 2.2 cents at US$2.73 a pound. Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X) The Canadian Press read more