Apr 01 | 2019
Long-term Lease Agreement with Lone Star Ports
The Port of Corpus Christi Commission has approved a long-term lease agreement with Lone Star Ports for the development of a petroleum export terminal on Harbor Island.
The breakbulk port will set aside 200 acres at the site, which will ultimately house two docks with access to the improved 56-foot ship channel depth, making it the first and only U.S. onshore terminal capable of fully loading Suezmax vessels and nearly full loading very large crude carriers (VLCCs). Lone Star Ports is a joint venture between the Carlyle Group and the Berry Group.
“A 50-year lease agreement with the Carlyle Group and the Berry Group joint-venture company, Lone Star Ports, is not only complementary to our existing marine terminal infrastructure, but also positions the Port of Corpus Christi to be the preferred outlet for U.S.-produced crude exports serving all major global demand centers for generations to come,” said Sean Strawbridge, CEO of the Port of Corpus Christi.
Located on the western Gulf of Mexico, Port Corpus Christi is the fourth-largest U.S. port by total tonnage and a major breakbulk hub and crude oil export gateway.
Photo: The Port of Corpus Christi. Credit: PCCC
The breakbulk port will set aside 200 acres at the site, which will ultimately house two docks with access to the improved 56-foot ship channel depth, making it the first and only U.S. onshore terminal capable of fully loading Suezmax vessels and nearly full loading very large crude carriers (VLCCs). Lone Star Ports is a joint venture between the Carlyle Group and the Berry Group.
“A 50-year lease agreement with the Carlyle Group and the Berry Group joint-venture company, Lone Star Ports, is not only complementary to our existing marine terminal infrastructure, but also positions the Port of Corpus Christi to be the preferred outlet for U.S.-produced crude exports serving all major global demand centers for generations to come,” said Sean Strawbridge, CEO of the Port of Corpus Christi.
Located on the western Gulf of Mexico, Port Corpus Christi is the fourth-largest U.S. port by total tonnage and a major breakbulk hub and crude oil export gateway.
Photo: The Port of Corpus Christi. Credit: PCCC
