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All data are published promptly as they become available from the source, ensuring that our insights remain current and reflective of on-ground market dynamics. We actively seek and incorporate regular feedback from industry experts, which allows us to make real-time adjustments and continuously improve the accuracy and reliability of our data. - Ethical Data Usage and Third-Party Material:
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Port Houston's container levels saw an increase of 20% in Q1 2022
Posted on April 25, 2022 |
- Port Houston's container operations exceeded any pre-pandemic expectations of growth as in the first quarter of the year, the port handled over 900,000 TEU, an increase of 20%.
- The port waived dockage fees for ships waiting at anchor for gang assignments, allowing them to berth while waiting.
- Port Houston also added an extra hour to the gate schedule and will roll out Saturday gate hours starting in June, it is moving up its timetable for terminal infrastructure, doubling the gate capacity at Barbours Cut Container Terminal last month.
- For long-term growth, Port Houston and the federal government will spend $1.1 billion on enlarging and deepening the port's ship channel.
- The project is approved and has been receiving regular federal funding increments, which will be completed by 2025, and it will allow unchecked inbound and outbound passage for larger container ships and tankers at the same time.