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Port of Brownsville Achieves Record Year in FY 2017

[ March 15, 2018   //   ]

Port of Brownsville officials reported that the port saw record revenue and tonnage in 2017.

“The state of the Port of Brownsville is strong and getting stronger,” said Brownsville Navigation District Vice Chairman John Reed at the State of the Port Address on March 8.

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.

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 included:

* 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.

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