PORT Houston's eight public terminals have seen a steady level of activity through March, with a year-to-date increase of four per cent in total tonnage, reaching 12,850,330 short tons, reports the American Journal of Transportation.
While imports across the nation have weakened, Port Houston has continued to witness significant demand for loaded export containers.
Port Houston recorded a year-to-date increase of 26 per cent in loaded export volumes, reaching 349,964 TEU in the first quarter of 2023 compared to last year, and up 10 per cent compared to March 2022, making it the highest monthly volume for loaded exports in Port Houston's history.
Moreover, the month of March saw a growth of 111 per cent in empty import volumes compared to the same month in the previous year, as carriers relocate containers to Houston to cater to the high demand for resin and petrochemical exports.
Port Houston leads the nation in resins exports, with a 59 per cent share of US resins exports and a 73 per cent share of US PE exports in 2022.
Although Port Houston reported a three per cent decline in total TEU in March, container volumes remain on track to reach one million TEU earlier in the year than ever before.
In Q1 2023, Port Houston handled 934,031 TEUs, which is a three per cent increase compared to last year.
'We continue to see the softening of import demand across the US and in Houston as well, where loaded import container TEU at Port Houston's terminals were down 12 per cent in March,'
'However, total throughput is offset by the strong export market we have in Houston and our ability to provide both export and import customers excellent customer service, skilled labour, and an efficient gateway.'
SeaNews Turkey
While imports across the nation have weakened, Port Houston has continued to witness significant demand for loaded export containers.
Port Houston recorded a year-to-date increase of 26 per cent in loaded export volumes, reaching 349,964 TEU in the first quarter of 2023 compared to last year, and up 10 per cent compared to March 2022, making it the highest monthly volume for loaded exports in Port Houston's history.
Moreover, the month of March saw a growth of 111 per cent in empty import volumes compared to the same month in the previous year, as carriers relocate containers to Houston to cater to the high demand for resin and petrochemical exports.
Port Houston leads the nation in resins exports, with a 59 per cent share of US resins exports and a 73 per cent share of US PE exports in 2022.
Although Port Houston reported a three per cent decline in total TEU in March, container volumes remain on track to reach one million TEU earlier in the year than ever before.
In Q1 2023, Port Houston handled 934,031 TEUs, which is a three per cent increase compared to last year.
'We continue to see the softening of import demand across the US and in Houston as well, where loaded import container TEU at Port Houston's terminals were down 12 per cent in March,'
'However, total throughput is offset by the strong export market we have in Houston and our ability to provide both export and import customers excellent customer service, skilled labour, and an efficient gateway.'
SeaNews Turkey