Business, Freight News, Sea

Port of Corpus Christi Finishes 2020 with Record Tonnage

[ January 29, 2021   //   ]

The Port of Corpus Christi ended 2020 with record tonnage, mainly attributable to a 65% increase in crude oil shipments from 2019. The Port set a new annual tonnage record of 159.7 million tons, a 31% increase over 2019, as well as a new monthly record of 15.9 million tons for December, 15% higher than December 2019. This performance helped push fourth quarter results to a new quarterly record of 42.2 million tons, surpassing the prior record from Q1-2020.
Several new marine terminals were brought online in 2020, including EPIC Midstream, Buckeye’s South Texas Gateway, Plains All-American and Enterprise Products’ Eagle Ford Terminal joint venture, Pin Oak Corpus Christi, and South Texas Cement. In addition to increased crude oil shipments totaling 96.4 million tons, the Port saw a 26% increase in liquefied natural gas (LNG) shipments at 8.7 million tons, and agricultural exports increasing 70% in 2020 at nearly 4.3 million tons. The Port further solidified its position as the Nation’s leading energy export gateway with a record 1.9 million barrels per day of crude oil exports in December 2020.
“Despite the extraordinary challenges we navigated in 2020, the Port of Corpus Christi and its customers have yet again demonstrated the resiliency of this strategic gateway for American goods to reach the global demand centers. This record performance is a clear indication of the importance of our critical infrastructure for Texas and the Nation,” said Sean Strawbridge, Chief Executive Officer for the Port of Corpus Christi. “I commend the Port Commission and Staff for their dedication to serving our customers, and I congratulate our customers for their continued partnerships and investments in our Port. American energy exports remain strong, and our ESG programs continue to lead the sector as we enter an era of economic recovery.”