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06 May 2025
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New York-listed offshore driller Valaris has been awarded a five-well contract offshore West Africa for one of its drillships.
The contract, awarded to the 2014-built Valaris DS-15 drillship by an undisclosed client, is expected to begin in the third quarter of 2026.
Based on an estimated duration of 250 days, the total contract value is approximately $135 million, including upfront payments for rig upgrades and mobilisation.
The total contract value does not include the provision of additional services. The contract includes priced options for up to five wells with an estimated total duration of 80 to 100 days.
“As part of this contract, the rig will be upgraded with an enhanced managed pressure drilling system. In addition, this contract adds to our presence offshore West Africa, where we are well positioned for future contracting opportunities,” said Anton Dibowitz, Valaris president and CEO.
Valaris also announced that it sold the 27-year-old Valaris 247 jackup, currently operating offshore Australia, to BW Energy for cash proceeds of around $108m. The sale is expected to close in the second half of 2025. As part of the sales agreement, BW Energy will be restricted from using the rig outside of its affiliated properties for the rig’s expected remaining useful life.
BW Energy previously announced that it acquired a jackup, which will be converted into a wellhead platform on its Maromba development offshore Brazil.
The development involves an initial six production wells from the wellhead platform, converted from a drilling jackup with up to 16 well slots and flowlines. The well slots and flowlines will be connected to the redeployed FPSO BW Maromba, formerly known as Polvo. The FPSO refurbishment and life extension work is already underway at the COSCO yard in China.
In a recent fleet status update, Valaris said that its contract backlog increased to approximately $4.2bn from approximately $3.6bn as of February 18, 2025. The contract backlog excludes lump sum payments such as mobilisation fees and capital reimbursements.
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Ukraine’S Naftogaz To Buy 140 Million Cubic Metres Of Us Lng From OrlenUkraine’s state energy firm Naftogaz has signed a contract to buy 140 million cubic metres (mcm) of U.S. LNG from Poland’s Orlen PKN, Naftogaz said on Wednesday.
Ukraine needs to import large volumes of gas ahead of the 2025/26 heating season after Russian shelling left its storage sites almost empty.
“Naftogaz is diversifying its sources and routes of gas supply. This enhances Ukraine’s energy security and resilience amid the ongoing full-scale war with Russia,” Naftogaz CEO Sergii Koretskyi said in a statement.
Naftogaz said that it had already contracted a total of 440 mcm of LNG from Orlen.
The company added that the gas would be regasified at the LNG terminal in Świnoujście in Poland or the Klaipėda terminal in Lithuania and transported to Ukraine via the Polish gas transmission system.
A previous contract with Orlen for 100 mcm was signed in April.
Ukrainian energy minister German Galushchenko said last month that Ukraine needed to import at least 4.6 bcm of gas for the 2025/26 winter heating season.
Analysis firm ExPro said this week that gas reserves in Ukrainian storage facilities exceeded 8 billion cubic metres (bcm) as of June 28 but remain at their lowest level in the last 11 years.
Ukrainian energy officials have said the country needs to accumulate around 13 bcm of gas for the new heating season.
The data of Ukraine’s gas transmission operator showed that the country would import about 26.4 mcm of gas on Wednesday versus 26.5 mcm on Tuesday. Gas would come from Poland – 8.2 mcm, Hungary – 9.6 mcm and Slovakia – 6.8 mcm.
Ukrainian underground gas storage facilities are the largest in Europe and the third largest in the world and can store around 30 bcm of gas.
Source: Reuters
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03 July 20252 min readUkraine’S Naftogaz To Buy 140 Million Cubic Metres Of Us Lng From Orlen
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Tti Algeciras Submits €150 Million Expansion Plan To ApbaThe proposed development covers an additional 160,000 square metres and represents a planned investment of €150 million ($177 million).
This expansion will enable the terminal to increase its annual throughput by up to 500,000 TEU, raising its total handling capacity to 2.1 million TEU.
The investment will also extend the terminal’s concession period until 2065, reinforcing the company’s long-term commitment to the port.
READ: AllRead deploys artificial solution at Port of Algeciras
Since welcoming its first vessel on 5 May 2010 and becoming the first semi-automated terminal in the Mediterranean and Southern Europe, TTI Algeciras has handled nearly 18 million TEU, a milestone expected to be surpassed this year.
This growth has helped establish the Port of Algeciras as a leading transhipment hub in Southern Europe and a vital gateway for import and export flows across mainland Spain.
Situated on the European shore of the Strait of Gibraltar, TTI Algeciras is a strategic terminal for its main shareholders: South Korean shipping line HMM (holding 50 per cent plus one share) and, since February 2021, the CMA CGM Group (holding 50 per cent minus one share), a global player in sea, land, air, and logistics solutions.
READ: COSCO SHANGHAI joins CMA CGM’s Transatlantic service
CMA CGM is also historically a major customer of the terminal.
Each week, TTI Algeciras receives some of the world’s largest container vessels, including the HMM Algeciras (23,964 TEU) and CMA CGM’s 23,000 TEU LNG-powered ships, such as the CMA CGM Jacques Saadé.
Alonso Luque, CEO of TTI Algeciras, commented: “This expansion is the natural evolution of more than a decade of steady growth with operational and commercial excellence.
“The project not only adds much-needed physical capacity but also positions us to take on new service opportunities and larger vessels, while maintaining the flexibility and efficiency that have defined our terminal from the beginning.”
Earlier in April, the Port of Algeciras marked a milestone as the site of Axpo’s first LNG ship-to-ship delivery, expanding the Swiss energy producer’s bunkering operations to a second Spanish port. During the operation, the 7,500-cubic-metre (cbm) vessel Avenir Aspiration supplied approximately 5,000 cbm of LNG to the MSC Mariacristina.
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03 July 20252 min readTti Algeciras Submits €150 Million Expansion Plan To Apba
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Uae Ship Arrives At Ashdod Port With 2500 Tonnes Of Aid For PalestiniansThe UAE sent a ship with aid and essential supplies for the people of Gaza.
The vessel docked at Ashdod Port before the 2500 tonnes of cargo were unloaded to be sent to the people via trucks.
The shipment included food packages, flour, milk, tea, dates, etc, aimed to support the people and alleviate their suffering so they can atleast withstand the famine which threatens their lives, per Wam.
Thousands of Palestinians have died, and many have been displaced, torn apart from family members or buried alive after debris from Israeli missiles fell on their homes. Not to forget the food and water shortage, a collapse of the basic living conditions.
The aid was delivered under the UAE’s Operation Chivalrous Knight 3 project, launched in 2023 by President Sheikh Mohamed and is carried out in cooperation with Emirates Red Crescent and other charitable organisations in the UAE.
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03 July 20252 min readUae Ship Arrives At Ashdod Port With 2500 Tonnes Of Aid For Palestinians
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Pakistan Eyes $700 Million In Freight Earnings By Expanding Shipping Fleet — Maritime Ministryin International Shipping News
01/07/2025
The state-run Pakistan National Shipping Corporation (PNSC) is set to buy at least 24 more vessels in the next three years to generate an estimated $700 million in freight earnings, the maritime ministry said on Friday.
Pakistan currently owns 10 ships including five double-hull Aframax oil tankers and as many Supramax and Panamax bulk carriers.
“The national carrier is now targeting to increase its cargo handling to 52 percent by volume and 43 percent by value (excluding containerized cargo) within three years,” the ministry said in a statement.
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced the three-year plan in a meeting held in Islamabad to discuss the government’s business strategy to revitalize the maritime and logistics sectors.
The move is part of Prime Minister Shehbaz Sharif’s strategy to renew and expand Pakistan’s aging shipping fleet in a phased manner to enhance cargo capacity, fuel efficiency and compliance with International Maritime Organization standards, including those governing carbon emissions and ballast water management.
The plan, if implemented, would boost the revenues of the national flag-carrier, whose income from shipping business declined 18 percent to Rs25 billion ($88.5 million) in July–March this year compared to the previous one, according to PNSC’s financial results posted on the Pakistan Stock Exchange website.
Muhammad Arshad, the ministry spokesman, told Arab News that Pakistan’s current fleet will be more than doubled with the induction of 13 vessels in the first year.
Eight vessels will be bought in the second year and three in the third, which would take the total to 34 vessels in Pakistan’s fleet by 2028.
“PNSC currently manages approximately 11 percent of the country’s cargo by volume and 4 percent by value,” the ministry said.
During the meeting, the minister proposed deepening collaboration between the PNSC, Karachi Shipyard & Engineering Works and local industries for the local manufacturing of modern cargo vessels, oil tankers and container carriers.
“This initiative is expected to create skilled employment, strengthen local supply chains, boost industrial activity and rejuvenate Pakistan’s shipbuilding sector, positioning the country as a regional maritime hub,” it said.
The cash-strapped country plans to finance its modernization efforts without burdening the treasury through leveraging public-private partnerships, maritime leasing models and tapping into global green shipping funds.
The government is trying to revive Pakistan’s debt-ridden economy with the help of the International Monetary Fund and has set a tax revenue target of Rs14.3 trillion ($50 billion) for the next financial year starting July.
Last week, the prime minister directed the authorities to lease new vessels to expand the PNSC’s fleet with an aim to reduce the $4 billion annual foreign exchange burden on sea-based trade.
Pakistan looks to bolster its maritime trade capacity and reduce reliance on foreign shipping lines, which officials say significantly contributes to the country’s widening trade deficit and puts pressure on foreign exchange reserves.
Source: Arab News
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01 July 20253 min readPakistan Eyes $700 Million In Freight Earnings By Expanding Shipping Fleet — Maritime Ministry
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U.K Seizes 2.4 Tonnes Of Cocaine Worth $132 Million From A Ship Arriving From PanamaThe U.K.’s border authorities have confiscated cocaine worth $132 million from a ship that came from Panama.
The haul of 2.4 tonnes of the drug seized at the London Gateway Port close to the capital was one of the biggest of its kind, said Border Force Maritime director Charlie Eastaugh.
The drug was found under the containers on the ship and is said to be the 6th largest cocaine seizure.
Specialist officers had found the shipment earlier this month after they carried out an intelligence-led operation and moved 37 containers to get at the stash.
The U.K is one of the largest European markets for cocaine, per the National Crime Agency. The U.K Government says that the cocaine linked deaths in Wales and England increased by 31% between 2022 and 2023.
The United Nations Office on Drugs and Crime’s (UNODC) annual World Drug Report stated that cocaine was the world’s fastest-growing illegal drug market.
The production of the drug in Colombia has soared as the demand for it has increased rapidly in Europe and South America.
The number of cocaine users in the world has kept increasing, reaching 25 million people in 2023, up from 17 million a decade ago.
Minister for Migration and Citizenship Seema Malhotra said that drug gangs try to import illegal substances into the U.K and cause death, misery and addiction to the youth.
References: Al Jazeera, World Cargo News
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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01 July 20253 min readU.K Seizes 2.4 Tonnes Of Cocaine Worth $132 Million From A Ship Arriving From Panama
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Guinea Exports Record 48.6 Million Tons Of BauxiteJune 30, 2025
Guinea's exports of bauxite, a feedstock for aluminium, surged 39% to a record 48.6 million metric tons in the first quarter though regulatory crackdowns sidelined major operators, official data obtained by Reuters showed.
Most of this bauxite was shipped to China, where aluminium production has recovered. In the first five months of the year, China produced 18.59 million tons, a rise of 4.0% from the same period last year, data from its National Bureau of Statistics showed.
Guinea, the world's second-largest bauxite producer, shipped 312 vessels compared to 225 ships carrying 34.9 million tons in Q1, 2024, according to Guinea's Ministry of Mines and Geology.
Shipments from Guinea soared even as an export ban on Emirates Global Aluminium's local unit - which shipped 3.6 million tons in Q1, 2024 - remained in effect, while a regulatory cleanup curtailed exports from other key operators including China Hongqiao's subsidiary AGB2A/SDM.
Current weekly exports of 3.7 million tons point to an annualized rate of 199 million tons in 2025, up from 146 million tons last year, said Bernabe Sanchez, an independent mineral economist focused on Guinea.
This underscores the sector's resilience amid continuing strong Chinese demand from the military-ruled West African nation since 2016, said Sanchez.
Chinese-controlled companies dominated the Q1 export boom, with Société Minière de Boké (SMB) leading at 18.4 million tons, up 41% from 13.1 million tons in Q1 2024.
China’s state-owned Chalco increased shipments by 35% to 5.1 million tons from 3.8 million tons, while AGB2A/SDM exported eight million tons despite regulatory challenges.
The data further underscores China's tightening grip on Guinea's bauxite resources as Beijing ramps up aluminum production.
China imported 158.7 million tons of bauxite in 2024, with Guinea accounting for almost 70% of supplies.
Guinea, which supplies around half the world's bauxite, has expanded port infrastructure to handle surging bauxite demand.
(Reuters)
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30 June 20252 min readGuinea Exports Record 48.6 Million Tons Of Bauxite
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Golar Lng Limited Announces Proposed Offering Of $500 Million Of Convertible Senior Notes Due 2030Golar LNG Limited announces today that it intends to offer, subject to market and other conditions, $500 million aggregate principal amount of Convertible Senior Notes due 2030 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also intends to grant the initial purchasers of the Notes a 30-day option to purchase up to an additional $75 million aggregate principal amount of the Notes in connection with the offering.
In connection with the offering of the Notes, certain of the Company’s directors and officers have provided an indication of interest to purchase the Company’s common shares from investors in the offering of the Notes, and certain entities controlled by or affiliated with the Company’s directors have provided an indication of interest to purchase Notes at the initial offering price.
The Notes will be senior, unsecured obligations of the Company, pay interest semiannually in arrears on June 15 and December 15, mature on December 15, 2030, and be convertible into the Company’s common shares, cash, or a combination of shares and cash, at the Company’s election.
The Company intends to use the net proceeds from the sale of the Notes (including any Notes sold pursuant to the initial purchasers’ option to purchase additional Notes, if exercised) to repurchase up to 2.5 million of the Company’s common shares in connection with the offering of the Notes and for general corporate purposes, which may include, among other things, future growth investments including a contemplated fourth FLNG unit, MKII FLNG conversion costs, FLNG Hilli redeployment costs, repaying indebtedness, and funding working capital and capital expenditures.
IMPORTANT INFORMATION
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any jurisdiction in which, or to any person to whom, such an offer, solicitation or sale would be unlawful. Any offer of the Notes will be made only by means of a private offering memorandum.
The Notes and the shares of common stock issuable upon conversion of the Notes have not been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold absent registration or an applicable exemption from registration requirements under the Securities Act and applicable state securities laws.
This announcement contains information about a pending transaction and there can be no assurance that this transaction will be completed.
Source: Golar LNG
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27 June 20253 min readGolar Lng Limited Announces Proposed Offering Of $500 Million Of Convertible Senior Notes Due 2030
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27 June 2025
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Port Of Long Beach Approves $833 Million BudgetThe Long Beach Board of Harbor Commissioners has approved an $833 million budget for fiscal year 2026, nearly half of which will go toward infrastructure projects that reinforce the port’s leadership in sustainable, efficient cargo movement.
The budget will be submitted to the Long Beach City Council later this year for final approval.
Key highlights include a $405.4 million capital improvement allocation, representing 48.7% of total spending. Of this, $208.8 million is earmarked for the Pier B On-Dock Rail Support Facility, a transformative project aimed at shifting more cargo to rail, reducing truck traffic, and lowering emissions.
The Pier B project, which broke ground in July 2024, is scheduled for completion in 2032.
The budget also includes a $25.3 million transfer to the City’s Tidelands Operating Fund, which supports community and environmental enhancements along the city’s 7-mile coastline, such as shoreline safety, water quality, and public facilities.
Despite global trade uncertainties and a conservative 1.9% projected drop in operating revenue, the port is maintaining a strong financial position.
The 9.5% year-over-year increase in budgeted spending reflects the port’s continued commitment to modernization and sustainability, including support for the Zero Emissions, Energy Resilient Operations Policy, which advances the use of zero-emissions equipment and vehicles.
The Port of Long Beach plans to invest $3.2 billion in infrastructure improvements over the next decade, supporting both growth and environmental stewardship.
Additionally, the Board approved an increase in its scholarship fund, raising the annual allocation from $350,000 to $400,000, reinforcing its commitment to education and workforce development in the region.
Container News
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25 June 20252 min readPort Of Long Beach Approves $833 Million Budget
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25 June 2025
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Cargo Throughput Going Through Three Gorges Dam Ship Lock Reaches 2.24 Billion TonsThe cumulative cargo throughput of the ship locks of the Three Gorges Dam, part of the world’s largest hydropower project, has reached 2.24 billion tons, a milestone in China’s inland waterway transportation, according to data on Wednesday.
Since its opening to navigation in 2003, the Three Gorges Dam ship locks have operated safely and efficiently, improving navigation on the Yangtze River. Over the past 22 years, they have recorded a cumulative freight volume of 2.24 billion tons, 215,000 lock operations, more than 1.074 million cargo vessels, and more than 12.291 million passengers, according to data from the Three Gorges Navigation Authority.
These achievements demonstrate the efficiency of the ship locks and highlight their vital role in maximizing the economic benefits of the Yangtze River’s “golden waterway,” CCTV News reported.
The ship locks are part of the Three Gorges project, a multi-functional water control system located on the Yangtze River, the country’s longest waterway, according to the Xinhua News Agency.
Over the past two decades, the ship locks have continuously broken records in cargo throughput.
From 2022 to 2024, the annual volume of the Three Gorges ship locks surpassed 150 million metric tons each year. Annual cargo throughput soared from 34 million tons at the beginning of its operation to a peak of 169 million tons. Designed with a one-way annual capacity of 50 million tons, the locks have greatly exceeded expectations, highlighting their key role in the high-quality development of the Yangtze River’s waterway, according to another CCTV News report in March.
Li Ran, director of the Navigation Engineering Technology Center of the Three Gorges Navigation Authority, said that the construction of the Three Gorges project has significantly improved the navigation conditions of the upstream reservoir area. The natural advantages of water transport such as low costs and environmental benefits have led to a constant increase in shipping demand, exceeding the ship locks’ original designed capacity.
The Three Gorges Dam ship locks are the world’s most technologically complex inland river locks, spanning a total length of 6.4 kilometers. This includes a 1.66-kilometer main lock structure and a 4.8-kilometer approach channel.
Unlike the Panama Canal locks, which are shorter and mainly serve international shipping, the Three Gorges ship locks are designed to serve both domestic and international vessels. Their main focus is on optimizing the efficiency of China’s inland waterway transportation system, Ye Yong, general manager of the Tourism Development Division at the Three Gorges Tourism Group, told the Global Times on Wednesday.
According to Li, cargo demand has surged following the completion of the Three Gorges project, driven by the lower costs and environmental advantages of water transport.
“To improve passage efficiency, my technical team and I sought a solution,” Li said, adding that the ship locks are set to receive upgrades driven by artificial intelligence. Using big data and machine learning, the locks are expected to further optimize task scheduling, allowing vessels to receive real-time transit estimates from departure to destination.
Source: Global Times
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20 June 20253 min readCargo Throughput Going Through Three Gorges Dam Ship Lock Reaches 2.24 Billion Tons
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20 June 2025
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South Korean Shipyard Accuses Russia’S Zvezda Of Illegally Cancelling $3.54 Billion DealOne of the world’s largest shipbuilders, Samsung Heavy Industries has announced that it will take legal action against Russia’s largest shipyard, Zvezda, after the cancellation of two major shipbuilding equipment supply contracts worth a total of 4.85 trillion Korean won (around $3.54 billion).
The South Korean shipbuilder is also seeking damages through international arbitration.
According to Samsung, the contracts were unilaterally cancelled by Zvezda in June 2024. The Russian shipyard informed Samsung of the termination and requested the return of the advance payments made under the agreement.
In response, Samsung filed for arbitration in Singapore in July 2024, challenging the legality of Zvezda’s termination and aiming to confirm that the decision was not valid under the agreed terms.
The now-cancelled deals were signed in 2020 and 2021 and involved the supply of parts and steel hull blocks for 10 icebreaking liquefied natural gas (LNG) carriers and 7 icebreaking shuttle tankers. These specialised ships were meant to support Russia’s Arctic energy transportation routes.
However, complications began after Russia’s invasion of Ukraine in 2022. Following the war, the United States imposed sanctions on several Russian entities, including Zvezda. This significantly affected the execution of international contracts.
Samsung and Zvezda had reportedly been in discussions to resolve the issue as the geopolitical situation worsened.
Despite the talks, Samsung said Zvezda suddenly claimed that the Korean shipbuilder had defaulted on its contractual obligations and decided to cancel the agreement without mutual consent.
Samsung, on its part, rejected this claim and withheld about $800 million in advance payments, citing its right to protect company interests.
As the war continued and uncertainties around the contracts continued to grow, Samsung eventually decided to terminate the agreement from its end and proceed with a lawsuit and arbitration to claim damages.
The company said the decision was necessary due to rising concerns over the feasibility of carrying out the project and to defend its legal and financial interests.
The shipbuilder made the announcement in a regulatory filing on June 18, emphasising that Zvezda’s actions were an illegal breach of contract.
Reference: Reuters
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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20 June 20253 min readSouth Korean Shipyard Accuses Russia’S Zvezda Of Illegally Cancelling $3.54 Billion Deal
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20 June 2025
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Sc Ports Approves $300 Million Plan To Expand InfrastructureAccording to SC Ports, terminals remain fluid, with cranes averaging 33 moves per hour and trucks averaging 35-minute turn times.
Rail-served inland ports connect Charleston to regional markets throughout the Southeast.
To support future demand, SC Ports’ Board has approved a $294 million capital plan for FY 2026.
Projects include completing the Navy Base Intermodal Facility (now over 80 per cent complete), expanding Leatherman Terminal, and upgrading Columbus Street Terminal for RoRo cargo.
READ: SC Ports expands Port of Charleston’s coverage
In May, the port authority handled 219,255 TEUs and 120,796 pier containers — up 22 per cent and 21 per cent from the previous year.
Loaded imports rose 19 per cent, and exports were up 10 per cent.
Inland Port Greer hit a monthly record with 16,952 rail moves, while Dillon moved 3,856 rail containers. Vehicle volumes held steady at 13,062 units.
SC Ports President and CEO, Barbara Melvin, said: “These strategic investments enable us to handle current cargo volumes, and the cargo that will flow from future investments and population growth in the Southeast.”
In March, the SC Ports team and the maritime community handled 240,857 TEUs and 131,513 pier containers, an 11 per cent increase over March 2024.
Port Technology International
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20 June 20252 min readSc Ports Approves $300 Million Plan To Expand Infrastructure
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20 June 2025
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Port Houston Secures $214 Million For Channel UpgradesThese funds are in addition to the $33 million for Project 11 and $98 million for O&M included in the U.S. Army Corps of Engineers’ FY 2025 Workplan.
Port Houston Chairman Ric Campo expressed appreciation to industry partners, stakeholders, Congressman Wesley Hunt, and the bipartisan delegation for their continued support.
READ: Port Houston adds hybrid RTGs cranes at Bayport Terminal
Chairman Campo said: “We appreciate the Trump Administration for recognising the criticality of this expansion and applaud Congressman Wesley Hunt and Congressman Brian Babin for their tremendous advocacy and unwavering leadership to bring home the millions of federal dollars needed to complete Project 11.
“This project will keep our economy moving forward and enable our port to continue delivering for not just Houstonians but the entire nation.”
Congressman Hunt stated: “As the largest energy port in the entire world, Project 11’s success is essential to maintaining Texas’s and the United States’ energy dominance.
“I would also like to express my sincerest gratitude to President Trump for recognising the importance of this project and his goal of ensuring America is once again a net exporter of energy.”
READ: Port Houston April volumes soar 20 per cent
Several segments of the Houston Ship Channel expansion are already complete, reducing daylight restrictions by up to two hours and improving two-way vessel traffic.
Port Houston expects to finish its final dredging phase this summer, with the U.S. Army Corps of Engineers leading the remaining work. Project 11 is set for completion by 2029.
Recently, DSP signed an agreement with Port Houston to support the processing and maintenance of its Electronic Data Interchange (EDI) messages and database systems.
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19 June 20252 min readPort Houston Secures $214 Million For Channel Upgrades
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19 June 2025
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