Gulf of Mexico
(Photo: Port of Corpus Christi)

TX - Port of Corpus Christi sets new tonnage records for best quarter, six months in its history

The Port of Corpus Christi achieved its best quarter and best first half in the Port’s 100-year history, this month. The port is the number on crude oil export terminal in the U.S., shipping out almost 2 million barrels of crude oil daily

In Q2 2022, the Port moved a record 46.4 million tons, eclipsing the prior record quarter (Q4 2021) by 4.8 percent. The Port of Corpus Christi also closed out June by celebrating not only its best first half historically, but its best half ever. During the first six months of 2022, the Port of Corpus Christi’s customers moved 90.1 million tons of commodities through its waterway, up 11.9 percent from 1H 2021. These records primarily were driven by growth in crude oil and refined products, liquefied natural gas (LNG) and dry bulk cargo.

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“The Port of Corpus Christi continues to break records and reach new heights due to its laser focus on developing the requisite maritime infrastructure to accommodate the growing demand for American energy commodities,” said Sean Strawbridge, Chief Executive Officer for the Port of Corpus Christi. “As the Corpus Christi Ship Channel Improvement Project moves closer to completion, the Port of Corpus Christi and its customers stand ready to meet the energy needs of our trading partners and allies around the world.”

Crude oil shipments for 1H 2022 totaled 52.4 million tons, for a gain of more than 12 percent over the prior record set in the same period last year. Refined products amounted to 15.8 million tons, an increase of 26.6 percent from 1H 2021. Dry bulk cargo came in at 3.9 million tons – 21.5 percent above the first half of 2021, and LNG shipments increased by 11 percent to 8.1 million tons. These record-breaking figures come shortly after the Port announced its best first four months ever, setting new tonnage and revenue records again, after a banner year in 2021.

U.S. crude exports averaged 3.7 million barrels per day (bpd) over the four weeks through late May, their highest since March 2020, according to the U.S. Energy Information Administration. More recently, exports are averaging 3.1 million bpd, making the United States one of the biggest crude exporters worldwide.

“These numbers are a testament to the role the Port of Corpus Christi and its industry partners play in the global marketplace, providing certainty in uncertain times,” said Charles W. Zahn Jr., Port of Corpus Christi Commission Chairman. “With additional initiatives in hydrogen production and Carbon Capture Utilization and Sequestration also in the development stages, the future continues to look bright for the South Texas Coastal Bend and beyond.”

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