Houston Ship Channel News
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International real estate investors are falling in love with Houston, a fast-expanding energy hub that’s luring buyers from Toronto to Tel Aviv seeking properties with lower costs and higher returns than buildings in the priciest U.S. cities.
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Record production of so-called ultra-light oil from U.S. shale deposits will spur demand for tankers hauling refined fuels because of three-decades-old laws banning most crude exports.
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The Houston Ship Channel , which links the Gulf of Mexico to the city’s oil refineries, is closed because of fog, an official at Houston Pilots said.
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Houston Ship Channel pilots halted boarding inbound and outbound vessels overnight after fog reduced visibility on the approach to the largest U.S. petroleum port, according to the Coast Guard Vessel Traffic Service.
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Seventy-seven ships were idled at the Houston Ship Channel, which serves the largest U.S. petroleum port, as fog limited visibility for a second day, the U.S. Coast Guard said.
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The Houston Ship Channel is closed to all inbound and outbound traffic as the U.S. Coast Guard responds to a downed power line that may keep the waterway shut for days.
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Forty-one ships were waiting to pass through the Houston Ship Channel, which serves the largest U.S. petroleum port, after fog halted traffic yesterday, the Coast Guard said.
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Maritime pilots stopped guiding vessels through the Houston Ship Channel after midnight because fog reduced visibility at the largest U.S. petroleum port, the Coast Guard said.
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Houston Ship Channel pilots expected to begin reducing the backlog of vessels waiting to depart the largest U.S. petroleum port about 2 p.m. local time as fog lifted, according to the Coast Guard Vessel Traffic Service.
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Sixty-four ships were idled at the Houston Ship Channel, which serves the largest U.S. petroleum port, as fog limited visibility for a third day, the U.S. Coast Guard said.
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