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Port of Corpus Christi posts growth of 10.3% in H1

Photo: Port of Corpus Christi CORPUS CHRISTI. JPEG.jpg
The Port of Corpus Christi moved 99.3 million tonnes in the first six months of 2023, a 10.3% increase compared to the same period in 2022.

The first half of 2023 also saw the port set a record for the fifth consecutive quarter, in Q2, 20023 with moving nearly 50 tonnes.

The port of Corpus Christi registered a 7.1% rise with 49.7 million tonnes in Q2 over the same time last year and a small gain over the previous record established in Q1 2023.

The new high is mostly due to an increase in crude oil shipments. Crude oil shipments increased by 3.1%, compared to Q1 2023, to almost 31.1 million tonnes.

Crude oil, petroleum products, and dry bulk commodities were the top commodities in the first half of this year.

“The continued growth in goods movements is testament to the strength of our Port of Corpus Christi customers and their capacity to meet the energy needs of our global trading partners and allies,” said Kent Britton, Interim Chief Executive Officer and Chief Financial Officer for the Port of Corpus Christi.

“The infrastructure growth of the past decade in this region has our customers well positioned for success.”

In July, the Port of Corpus Christi saw the completion of Phase 2 of the four-phase Corpus Christi Ship Channel Improvement Project (CIP), a national critical infrastructure project that will render the Corpus Christi Ship Channel the most improved in the entire U.S. Gulf Coast from Texas to Florida.

The third phase should be completed in 2023, and the fourth and final phase is out for bid and expected to be awarded by the U.S. Army Corps of Engineers by October 2023.

“The continued success of the Coastal Bend energy corridor is due largely to the hard work and dedication of our Port of Corpus Christi customers,” said Charles W. Zahn Jr., Chairman of the Port of Corpus Christi Commission. “My fellow Commissioners and I remain committed to supporting the growth of our Industrial partners and encouraging reinvestment into the communities we serve.”

TAGS: Americas