The Port of Corpus Christi, Texas, is solidifying its position as a key player in the global crude oil market, achieving remarkable trading success in the first eight months of the year. Spanning the picturesque Corpus Christi Ship Channel, the port has seen a 9% increase in trade compared to the previous year, reaching a striking $60.29 billion. This surge has been driven by advancements in oil export capabilities since Congress lifted the ban on crude oil exports in 2015.
Now the largest exporter of oil and fuels in the United States and the third-largest crude oil exporter worldwide—trailing only the Ras Tanura port in Saudi Arabia and Iraq’s Basrah Oil Terminal—the Port of Corpus Christi has transformed into an essential hub for crude oil exports. The port also leads the U.S. in liquefied natural gas exports, showcasing its critical role in the energy sector.
During a recent media event, commercial and business development manager TJ Gonzalez shared insights into the unprecedented growth witnessed since the repeal of the export ban. “I was here in 2015 when we sent our first vessel out of Corpus Christi with a load of domestic crude headed to the international market,” said Gonzalez. “Since then, our crude oil exports have risen by 17 times, placing us as the No. 3 export gateway for crude in the world.”
The Netherlands stands as the top export market for crude oil from Corpus Christi, with several European and Asian nations following closely. The port’s ship channel, extending into the Gulf of Mexico, has facilitated the efficient movement of crude oil, with 33.5 million tons exported in just the third quarter alone—a 3% increase year-over-year. Additionally, the port achieved a record 53 million total tons of freight moved during this quarter.
Looking ahead, the port is embarking on the final phase of a $682 million project aimed at deepening the ship channel to 54 feet, expected to be completed by next year. This enhancement will expedite the passage of vessels, offering a significant competitive edge in the region. Gonzalez highlighted the logistical advantages: “By next year, we will have reduced sailing times significantly. While other Gulf Coast ports may take 8 to 15 hours to reach deep water, we estimate just about two hours.”
The Port of Brownsville is also making strides to become a maritime power in South Texas. Recently, it secured a $43 million loan to advance its Brazos Island Harbor Channel Improvement project, which aims to deepen the 17-mile-long ship channel from 42 feet to 52 feet. This infrastructure investment is projected to bolster the port’s position as a leading maritime hub, further catering to growing commercial demands.
In a noteworthy development for the wood products industry, US Lumber Brokers has recently acquired a 20,000-square-foot distribution center in Del Valle, Texas. This acquisition aligns with the company’s strategic expansion within the Texas market, enabling it to better serve an increasing demand for quality lumber and specialty products.
Additionally, Holt Truck Centers is broadening its reach across Texas following the acquisition of Kyrish Truck Centers, thereby enhancing service at 35 locations statewide. This move not only expands Holt’s operations but also solidifies its status as the third-largest dealer of International Motors heavy trucks in the nation.
The continued growth of these ports and companies exemplifies the dynamic nature of trade and logistics in Texas, particularly as the state navigates its role in the global energy and shipping markets. The Port of Corpus Christi, in particular, stands as a testament to the vibrant evolution of U.S. international trade capabilities, positioning itself prominently on the global stage of crude oil and energy exports.