Port Houston’s Bayport Container Terminal. Credit: Business Wire.

The Port Commission of the Port of Houston Authority in the US has approved a new $275m budget for the fiscal year 2018.

The new ‘Fiscal Year 2018 Operating and Capital Budget’ is expected to receive funding from the port’s current operating cash flow.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Its new capital improvement programme comprises a series of strategic project investments, which are intended to support new growth opportunities at the port.

The budget also includes various recapitalisation initiatives to help sustain high service frequency, as well as improve productivity and channel development projects for expansion at container terminals and the dredged area material programme (DAMP).

"The raised tariff is expected to allow Port Houston to remain competitive and continue to meet growing maritime trade demands."

In addition, the Port Commission has also authorised the Port of Houston Authority to raise tariff numbers 8, 14, and 15 from 1 January next year.

The increased tariff will be equal to the change in the consumer price index average for a 12-month period ending October this year, as published by the US Bureau of Labor Statistics on or about 15 November 2017.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

The raised tariff is expected to allow Port Houston to remain competitive and continue to meet growing maritime trade demands.

The facility handled two million twenty-foot-equivalent units (TEUs) of cargo last month, a milestone that was first achieved by the port in 2015.

Port Houston aims to handle more than 2.4 million TEUs of cargos by the end of this year.

It also seeks to increase its total revenue by 9% compared to the 2017 mid-year forecast due to the higher volume of container cargos received by the port.

New resin production along the Houston Ship Channel is also expected to increase next year, which is anticipated to contribute to further growth at Port Houston.

Ship Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Ship Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Dual winner of the 2025 Ship Technology Excellence Awards , Flyability’s Elios 3 UT drone is redefining ship inspections. See how class-approved LiDAR and UT data, collision-tolerant design and digital twins are replacing scaffolding and rope access with faster, safer remote inspection workflows.

Discover the Impact