HOUSTON, TX - Forget starboard, things are really growing portside in H-town. The Port Authority reports setting new records in growth and cargo movement in 2015 and expects more growth to follow.
Part of the expected growth will come directly from the Panama Canal. The over $5.25 billion expansion is nearing the final stages with the passageway set to be completed April 1 of this year.
That means cargo ships carrying up to three times the normal loads can cut the corner and make landfall at Houston’s Port in no time. The port expects a 15% increase in shipments by 2020 and 150% increase 10 years after that, which will only help it to grow larger and create more jobs.
And if that`s not some “ship talkin”, we don`t know what is.