Yesterday for lunch I had the opportunity to go on a boat tour of the Port of Houston hosted by the port authortiy. It was great to meet and hear the port authority's CEO Alec Dreyer as he told the great story of Houston's port. Having been on a few tours of the port of Long Beach/LA. I was impressed with Houston’s port and its trajectory going forward.
2010 Port of Houston Stats:
+ 1st in the U.S. in foreign tonnage for 15 consecutive year
+ 1st in imports for 20 consecutive years and
+ 2nd in U.S. in total tonnage for 20 consecutive years
+ 7,852 ships called
+ 220.0 million tons handeled
+ 1,812,268 TEUs (20-ft. equivalent units)
+ 1st in the U.S. in foreign tonnage for 15 consecutive year
+ 1st in imports for 20 consecutive years and
+ 2nd in U.S. in total tonnage for 20 consecutive years
+ 7,852 ships called
+ 220.0 million tons handeled
+ 1,812,268 TEUs (20-ft. equivalent units)
With a great trend of increased activity in all areas, committed new development, and the widening of the Panama Canal in 2014, the Port of Houston will continue to increase its role as a main driver of economic activity in Houston. More appropriately for readers of this blog, I walked away with a good impression on its increased positive impact on Houston real estate fundamentals in the years to come.
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