Monday, March 12 2018
Record-setting accomplishments, current and future projects highlighted during annual State of the Port Address
Brownsville, TX — A full house of regional stakeholders applauded Port of Brownsville officials during reports of record revenue and tonnage in 2017 at its annual State of the Port Address March 8.
“The state of the Port of Brownsville is strong and getting stronger,” said Brownsville Navigation District Vice Chairman John Reed. “As evidence, I offer two critical measures of success: total operating revenue and tonnage.”
The port’s total operating revenue reached nearly $24 million in unaudited total revenue, exceeding the previous high-water mark of $19.9 million set in 2015 by more than $4 million. On the annual tonnage side of the business, the volume of cargo handled at the port topped 10.3 million short tons, also a new record.
Reed cautioned the crowd of more than 230 the Port of Brownsville cannot afford to rest on its laurels and will work even harder to accelerate this momentum.
“Just because we have always done things in a certain way, doesn’t mean there’s not room for improvement, aimed at advancing the everyday lives of those living in Brownsville, Cameron County and the Rio Grande Valley. And that is what we intend to,” he added.
BND Commission Secretary Sergio Tito Lopez and Commissioners Carlos Masso and Ralph Cowen discussed new businesses at the port and current and future projects including channel deepening, the $1.5 billion Valley Crossing Pipeline project and the renovation and expansion of the port’s administration facilities.
Other noteworthy achievements of 2017 discussed at the State of the Port:
Vessel traffic: A 21% increase in vessel traffic. A total of 1,317 vessels called on the port in 2017 – up from 1,091 vessel calls registered FY 2016.
New tenant operations: CSC Sugar/Sugaright; West Plains LLC; SteelCoast; Texan Cement.
Foreign Trade Zone No. 62: The port’s FTZ again ranked second in the nation for the value of exports in 2016, according to the U.S. Foreign-Trade Zones Board’s annual report to Congress. FTZ No. 62 reported more than $2.8 billion in exported goods in 2016. Additionally, it ranked 25th nationally for the value of imports totaling more than $2.5 billion. FTZ No. 62 consistently ranks in the top five nationally since 2012 and this marks the second time in a row it achieved the nation’s number two spot.
Ship Recycling: The USS Independence completed its final voyage of 16,000 miles after arriving at the Port of Brownsville from Bremerton, Washington in June. International Shipbreaking Ltd. won the Navy bid to recycle the 60,000-ton vessel, the last of the Forrestal-class of “supercarriers” to arrive at the port. This is the third vessel of its kind to be recycled by the company, which is part of the EMR Group.
Keppel AmFELS: Honolulu-based Pasha Hawaii announced the selection of Port of Brownsville-based Keppel AmFELS for the construction of two containerships, with an option to order two additional vessels. Delivery of the first vessel is expected in the first quarter of 2020, while the second vessel will be delivered in the third quarter of the same year. The contracts are worth $400 million to Keppel, creating 700 local well-paying jobs.
Regional Collaboration: The BND signed an MOU with the Mission Economic Development Corporation to collaborate on international trade opportunities with Mexico and other development projects. This effort was subsequently followed with similar MOUs with the Cameron County Bridge System and Pharr Bridge, all promoting international economic development.
Click here to download the State of the Port Remarks and the State of the Port Presentation.