Houston Eyes Exotic Bonds To Pay For A $15 Billion Dike

by Jack Kaskey (Bloomberg) -- A massive dike to hold back storm-driven floods surging in from the Gulf of Mexico was first proposed after Hurricane Ike devastated the Houston-area coast a decade ago. Last year’s Hurricane Harvey disaster brought fresh enthusiasm for the languishing project – along with a wave of investor interest. Now city and state officials in … [Read more...]

New Super Post-Panamax Cranes Arrive at Port of Houston

The Port of Houston's Bayport Container Terminal welcomed this week the arrival of three new Super Post-Panamax cranes, highlighting of the port's $100 million investment in port upgrades to handle the increasingly larger ships calling at the port.  The three 270 foot-tall Neopanamax ship-to-shore (STS) cranes are the first of two crane shipments Port Houston … [Read more...]

Does Galveston Need A $14 Billion Storm Barrier?

By Jack Kaskey (Bloomberg) Chemical companies are pressing federal officials to spend billions of dollars on a coastal flood control system near Houston to protect petrochemical plants, oil refineries and shipping infrastructure from the next hurricane. The coastal spine, as the project is called, is among the most important infrastructure investments needed to mitigate … [Read more...]

Port of Houston Sets New Annual Tonnage Record in 2017

The Port of Houston set new records in 2017 in terms of overall tonnage and TEUs handled, the Port of Houston Authority revealed this week. Port Houston facilities reached the highest total tonnage in Port history of 38.3m tons, surpassing the previous record of 37.8m tons set in 2014. It was also a record-setting year for container business. Port Houston handled 2.46 … [Read more...]

Port of Houston Surpasses 2 Million TEU Mark in 2015

The Port of Houston has for the first time ever handled more than 2 million TEU in 2015, the Port of Houston Authority announced Thursday. The new record beats the previous yearly record of 1.96 million TEU set in 2014. “We are so pleased to witness this significant milestone in the port's history as we continue to strive to advance the Port of Houston and solidify … [Read more...]