The oil tanker Theo T departs the port of Corpus Christi with the first export cargo of US crude oil after the United States government repealed a 40-year ban on the export of crude oil in December 2015. Picture taken December 31, 2015. Photo credit: Port of Corpus Christi
HOUSTON, May 16 (Reuters) – Sean Strawbridge, chief executive of the Port of Corpus Christi, the largest U.S. oil-export port by volume, resigned on Tuesday, the port operator said without providing any explanation.
Strawbridge, who was the port’s chief operating officer before taking over the top role in 2018, did not immediately reply to requests for comment.
During his tenure, he helped the port obtain federal funds to support a dredging of its ship channel to bring larger oil tankers to its docks.
Strawbridge had spoken a day earlier at the port at an event celebrating the future of energy and the port’s emergence as an export hub for liquefied natural gas (LNG).
Spokespeople for the Port of Corpus Christi said he had resigned but declined to provide any additional information or comment on a potential successor.
Under Strawbridge, the port’s operating revenue grew 76.5% to $162.3 million from 2017 to 2022, according to annual budget summaries, while operating expenses climbed 29%.
(Reporting by Arathy Somasekhar in Houston; Editing by Sonali Paul)
(c) Copyright Thomson Reuters 2023.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,747 members that receive our newsletter.
Have a news tip? Let us know.
U.S. container ports recorded their fourteenth consecutive month of growth in November, with inbound volumes surging 13.1% year-over-year across the nation’s ten largest ports, according to the latest report from...
APM Terminals has completed the final phase of its ambitious expansion project at MedPort Tangier, adding 2 million TEU capacity to solidify its position as one of the world’s most...
The Port of Long Beach is poised to shatter its annual cargo record in 2024, projecting 9.6 million TEUs (Twenty-foot Equivalent Units) by year’s end. This achievement would eclipse the...
Maritime and offshore news trusted by our 109,747 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
