Port Houston container volume increased 23 percent overall, with more than 900,00 container Twenty Equipment Unit (TEUs) moved through the public facilities over the first three months of 2022, its largest quarter ever by far, said Roger Guenther, executive director at Port Houston, in a release.
Due to the unprecedented demand for cargo, Port Houston announced plans to invest $1.1 billion in capital enhancements over the next eight years. The Houston Ship Channel is set to be widened and deepened. The $1.1 billion Houston Ship Channel expansion, known as Project 11, could finish as soon as 2025, accommodating an additional 1,400 vessels per year and generate $200 billion in economic impact once completed.
Port Houston is a 25-mile-long complex of nearly 200 private and public industrial terminals along the 52-mile-long man-made Houston Ship Channel, which connects the port to the Gulf of Mexico. The Port of Ho