17.3 C
Hamburg
Sunday, May 18, 2025
Home Port News Port Houston invests US$450 million in Houston Ship Channel expansion

Port Houston invests US$450 million in Houston Ship Channel expansion

The Port Commission of the Port of Houston Authority has awarded two of the largest contracts in the organisation’s history, approving the staff’s recommendation to award Weeks Marine and Curtin Maritime Corporation contracts totaling US$430 million to complete the remaining Galveston Bay segments of the Houston Ship Channel expansion project.

The Port Commission has approved all the items on the agenda, totaling US$450 million in efforts to expand the canal.

Port Houston staff recommended Weeks Marine and Curtin Maritime Corporation based on the best value, including cost, schedule, environmental components, and Small, Minority and Woman-owned Business Enterprises (S/MWBE) inclusion, according to a statement.

“Nearly 32% of the contracts will go to S/MWBE companies, furthering our commitment to business equity, which is a priority for Port Houston,” said executive director Roger Guenther.

Houston Ship Channel Expansion Program – Project 11 Segment MapIt is also worth noting that almost 52% of the contract amounts are dedicated to the creation of marshes, bird islands and oyster reefs.

Project 11 is 82% funded, and efforts are ongoing, according to the port, to secure the remaining federal funds.

A study from the US Army Corps of Engineers (USACE) shows that Project 11 could add more than US$133 million a year in national economic value.

In addition, last month, the Port Commission also awarded about US$30 million for ongoing investments in landside infrastructure and terminal operations.





Latest Posts

Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...

US sanctions target Iran-China oil trade, stirring waves across global shipping

As Washington ramps up its campaign to stifle Iranian oil revenues, a new chapter is unfolding in the ongoing tensions between the United States,...
error: Content is protected !!