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...]
The Booming Texas Port at the Center of U.S. Oil Exports
By Sheela Tobben and Laura Blewitt (Bloomberg) -- Late last month, an oil tanker that measures three football fields long and six stories high moved slowly through the port of Corpus Christi, Texas, to test the waters of America’s booming crude-export industry. After navigating the Aranasas pass around 7 a.m. on May 26, the vessel, Euronav NV’s Anne, didn’t pick up any oil. … [Read more...]
Cargo Ship Catches Fire at Corpus Christi
A general cargo ship has caught fire while moored at the Port of Corpus Christi, Texas, with the extent of the fire currently unknown. The fire broke out just before 3 p.m., according to local reports. Photos show smoke billowing from the ships cargo holds. The Corpus Christi Fire Department is currently on scene. According to a Facebook update from the fire department, … [Read more...]