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Nov.30, 2015

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Page 18 of 63 THE JOURNAL OF COMMERCE 19 Everybody is fighting for every piece of cargo coming out of here. It's the dollar and too many ships at the end of the day." Even if a declining dollar starts to sap the strength of import volumes in ports such as Houston and New Orleans, the backlog of project cargo for the multitude of petrochemical plants and refineries under construction in the western Gulf will continue for several more years. About $50 billion in investment is fun- neling into the region around the Port of Houston and as much as $100 million into the entire western Gulf oil patch, according to Roger Guenther, Houston's executive director. "There's a boom in investment in the downstream side, even though drilling is down," he said. BASKING IN PROJECT CARGOES "THE BOTTOM LINE IS THAT IT'S GOOD TO BE A GULF COAST PORT."

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