Exxon to Invest $20B Along Gulf Coast

ExxonMobil plans to invest $20 billion in plants along the Gulf of Mexico, and Victoria officials are optimistic the city will attract some of that investment. Exxon officials announced they plan to expand or build 11 plants along the Gulf during the next 10 years, said Aaron Stryk, company spokesman. The plant expansions are expected to create more than 45,000 jobs, which more than 12,000 will be full-time positions, Stryk said.

Read More: Victoria Advocate

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Kinder Morgan announces 430-mile, Permian gas pipeline

Houston’s Kinder Morgan said Wednesday it plans to build a 430-mile natural gas pipeline from West Texas’ Permian Basin to the Corpus Christi region. The project is designed to capitalize off of increasing Permian oil and gas production to carry more gas to the Texas Gulf Coast, where it can be consumed locally, refined and exported, or shipped to Mexico. The 42-inch pipeline, which could be completed in late 2019, would specifically trek from Waha, Texas to Agua Dulce, which is just west of Corpus Christi.

Read More: Fuel Fix

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AAPA Launches “America: Keep It Moving” Campaign

The American Association of Port Authorities (AAPA) has announced the launch of a campaign that will advocate for transportation infrastructure investment on behalf of the nation’s manufacturers, farmers and other workers who count on modern and efficient seaports to move American products to vital overseas markets.

Read More: Maritime Executive

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Port Houston Cargo Volume Off to Solid Start in 2017

“Cargo moving through Port Houston facilities is off to a solid start,” Executive Director Roger Guenther announced today during the March meeting of the Port Commission of the Port of Houston Authority. Terminals owned and operated by Port Houston handled a cumulative total of 5.7 million tons of cargo, reflecting a three percent increase compared to the same time last year.

Read More: Business Wire

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1000th NeoPanamax Transits Expanded Panama Canal (Photos)

Less than nine months after the inauguration of the Expanded Panama Canal, the waterway has welcomed the 1,000th transit of a NeoPanamax vessel. MSC Anzu, a 8,800 TEU containership owned by Swiss Mediterranean Shipping Company (MSC), made the 1,000th transit on March 19, heading northbound from the Atlantic to the Pacific Ocean. Built by China’s New Times Shipbuilding in 2015, the Panama-flagged boxship has a length of 300 meters and a width of 48.2 meters.

Read More: World Maritime News

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