September 11, 2023 – Seatrade Maritime
New leadership at the Port of Corpus Christi
By Barry Parker
His remarks hint at the successes of the port during the previous years, notably, as US crude oil exports have soared, buoyed by the “Shale Revolution”, Corpus has emerged as the leading hub for exports from the Permian Basin. Recent data from analysts RBN Energy, who closely monitor cargo moves out of US Gulf ports, showed Corpus moving more than half of the approximately 4.5 million barrels per day (mbd) of the Gulf’s crude exports during August 2023 with the month’s penultimate week seeing 4.8 mbd of crude outbound. RBN suggests that the port had a 59% share of the region’s seaborne crude exports in 2022.
The port was also very successful in garnering funding for an all-important channel deepening project. RBN, in its comments, wrote in July, 2023: “A long-planned ship-channel deepening and widening project in Corpus Christi Bay is in its last innings and is about to start having a real impact. Later this summer, a seven-foot-deeper channel at Ingleside will enable terminals there to load additional barrels into VLCCs…. Deepening the channel to 54 feet (from the old 47 feet) also will enable terminals that have deepened their berths to fully load 1 million barrel Suezmaxes, up from the 800,000-850,000 barrels that can be loaded now.”
Read the full article here: https://www.seatrade-maritime.com/ports/new-leadership-port-corpus-christi
