The first contract to begin dredging the Port of Corpus Christi ship channel to make room for fully-loaded supertankers has been awarded in what in seen as milestone moment for the future of U.S. energy exports. The U.S. Army Corps of Engineers (USACE) awarded a $92 million construction contract to Great Lakes Dredge & Dock Company to deepen and widen the Corpus Christi … [Read more...]
Carlyle Group Names Manager for U.S. Crude Export Terminal in Corpus Christi
By Collin Eaton HOUSTON, Dec 14 (Reuters) - Lone Star Ports LLC will lead development and operation of a Carlyle Group-backed crude export terminal in Corpus Christi, Texas, that can fully load supertankers, according to a statement from the project leaders on Friday. Carlyle Group and the Port of Corpus Christi Authority in October jointly proposed building a $1 billion … [Read more...]
Carlyle Group to Develop VLCC Oil Export Terminal at Port of Corpus Christi
Private equity firm The Carlyle Group announced Monday it has signed an exclusive agreement with the Port of Corpus Christi to develop a major crude oil export terminal that is capable of handling fully-laden Very Large Crude Carriers. The terminal will be located on Harbor Island, which is situated on Red Fish Bay opposite the city of Aransas Pass, Texas. The site … [Read more...]
Port of Corpus Christi Bond Sale Raises $216.2 Million for Ship Channel Dredging Project
The Port of Corpus Christi has sold over $216 million in bonds to help finance the deepening and widening of the Corpus Christi Ship Channel. Currently at a depth of 45 feet, the Ship Channel will be dredged to 54 feet to accommodate Suezmax and larger vessels, and widened to 530 feet to allow for two-way traffic flows, positioning the Port of Corpus Christi as the deepest … [Read more...]
U.S. Energy CEOs Urge Trump to Fund Port of Corpus Christi Dredging
CEOs of six well-known American energy companies signed a letter addressed to President Donald Trump on Wednesday in support of the Corpus Christi Ship Channel Improvement Project (CIP). The CC Ship Channel Improvement Project will widen the Corpus Christi Ship Channel to 530 feet, plus add additional barge shelves, to allow for two way vessel and barge traffic. It will also … [Read more...]