Port of Corpus Christi Tariff Review a Presentation to the Port of Corpus Christi Authority August 15, 2017 Purpose
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Port of Corpus Christi Tariff Review A presentation to the Port of Corpus Christi Authority August 15, 2017 Purpose • To better understand how tariff rates at Corpus Christi compare to those at other Gulf Coast Ports • This effort specifically focuses on liquid bulk tariff rates, which accounted for over 85 percent of the total tonnage handled at the Port of Corpus Christi in 2016 Methodology: Collected data from 15 Gulf Coast ports Methodology: Collected data from 15 Gulf Coast ports • Wharfage rates • Facility attributes • Dockage rates • Terminal assets • Fees and surcharges • Cargo handling assets • Cargo volumes by • Storage assets commodity • Multimodal access Total Tonnage Handled (Million Short Tons) All Commodities,2014 Handled: Tonnage Total 250 100 150 200 50 0 All Commodities Port ofGulfport Port ofBrownsville Port ofGalveston Port ofFreeport Port Everglades Port ofTampa Bay Port of Arthur Port ofTexas City Port ofLake Charles Port ofMobile Port ofBaton Rouge Port ofNew Orleans Port ofCorpus Christi Port ofBeaumont Port ofHouston Total Tonnage Handled (Million Short Tons) andChemicalProducts Petroleum Handled: Tonnage Total 100 120 140 160 20 40 60 80 0 20Petroleumand Products 30ChemicalsandRelated Products Port ofGulfport Port ofBrownsville Port ofGalveston Port ofMobile Port Everglades Port ofTampaBay Port ofFreeport Port ofBatonRouge Port ofNewOrleans Port ofArthur Port ofTexasCity Port ofLakeCharles Port ofCorpusChristi Port ofBeaumont Port ofHouston Petroleum and Chemical Product Tonnages by Commodity (million tons) Corpus Baton Commodity Houston Beaumont Lake Charles Texas City Christi Rouge Crude Petroleum 49.74 52.62 37.04 27.76 17.86 5.88 Distillate Fuel Oil 31.64 7.21 10.75 8.35 9.66 8.01 Gasoline 11.95 5.81 7.88 6.12 4.27 3.51 Other Hydrocarbons 5.25 0.93 3.64 1.04 1.83 1.86 Residual Fuel Oil 13.85 2.36 3.22 1.16 2.65 3.98 Naphtha & Solvents 12.61 3.85 2.58 1.79 3.52 0.94 Asphalt, Tar & Pitch 2.34 1.56 1.53 0.22 0.15 1.31 Petroleum Coke 7.09 1.74 1.48 3.19 1.42 1.92 Sodium Hydroxide 1.12 0.15 1.10 1.22 0.04 2.97 Hydrocarbon & Petrol 14.00 0.11 0.99 0.06 1.33 0.45 Gasses Benzene & Toluene 5.78 1.01 0.88 0.24 0.70 2.53 Alcohols 6.87 0.54 0.45 0.01 1.60 1.30 Million Tons Handeled (2014) byCommodity(milliontons) Tonnages andChemicalProduct Petroleum 100 120 140 160 20 40 60 80 0 Houston Beaumont Corpus Christi Lake Charles Texas City BatonRouge NewOrleans Crude Petroleum Distillate Fuel Oil Gasoline Other Hydrocarbons Residual Fuel Oil Naphtha & Solvents Asphalt, Tar &Pitch Petroleum Coke Sodium Hydroxide Petrol Gases Hydrocarbon & Wharfage Rate for Liquid Bulk NOS by Port ($ per Barrel) Fully Loaded Wharfage Rates for Petroleum Liquid Bulk (Per Barrel) Port Base Wharfage Rate Surcharges & Fees Full Burden Port Arthur 0.3910 0.0450 0.4360 Beaumont 0.1880 0.0450 0.2330 Houston 0.2000 0.0064 0.2064 New Orleans 0.1579 0.0380 0.1959 Lake Charles 0.1775 0.0068 0.1842 Texas City 0.0892 0.0600 0.1492 Freeport 0.1098 0.0105 0.1203 Baton Rouge 0.1128 0.1128 Corpus Christi 0.1005 0.0008 0.1013 Tampa 0.0820 0.0820 Petroleum LiquidBulk(PerBarrel) Petroleum Ratesfor Fully LoadedWharfage Full Wharfage Burden per Barrel 0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40 0.45 0.50 Port Arthur Beaumont Houston Base WharfageRate New Orleans Charles Lake Surcharges &Fees Texas City Freeport Rouge Baton Corpus Christi Tampa Fully Loaded Burden Example: Average Petroleum Tanker Base Dockage: Base Wharfage: Surcharges & Port Full Burden 800ft Vessel 550,000 Barrels Fees Port Arthur 10,840 215,048 4,725 230,613 Houston 8,880 110,005 4,292 123,178 Beaumont 9,904 103,389 4,638 117,931 Lake Charles 9,728 97,599 4,622 111,949 New Orleans 7,000 86,846 3,143 96,989 Texas City 6,376 49,060 33,000 88,436 Freeport 9,512 60,379 6,598 76,489 Baton Rouge 9,728 62,033 575 72,336 Corpus Christi 10,152 55,275 6,060 71,487 Tampa 9,728 45,100 600 55,428 Commodity Value Based Wharfage Adjustments Adjusted Value Weight Value Per Ton Adjustment Commodity Category Wharfage ($ million) (million tons) ($) Factor (per Barrel) Basic chemicals 35,923 27.64 1,230 1.55 0.1559 Chemical products 17,355 5.12 3,387 4.04 0.4063 Fuel oils 10,016 12.47 803 0.96 0.0963 Gasoline 13,991 16.70 838 1.0 0.1005 Articles byPort(perton) Wharfage andSteel Iron Ratefor Wharfage Rate ($ per Short Ton) 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 Iron and Steel Articles Iron andSteel Texas City Brownsville New Orleans Lake Charles Galveston Baton Rouge Tampa Beaumont Port Arthur Houston Corpus Christi Gulfport Freeport Mobile Everglades Port (perton) Wharfage DryBulkby Ratefor Wharfage Rate ($ per Short Ton) 0.00 0.50 1.00 1.50 2.00 2.50 Dry Bulk Houston Brownsville Baton Rouge Mobile Freeport New Orleans Everglades Tampa Galveston Beaumont Gulfport Corpus Christi Port Arthur Lake Charles Texas City Machinery Parts byPort(perton) Machinery Parts Wharfage Machineryand Ratefor Wharfage Rate ($ per Short Ton) 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 Machinery & Parts Port Arthur Texas City Baton Rouge New Orleans Galveston Freeport Brownsville Tampa Lake Charles Beaumont Mobile Corpus Christi Gulfport Everglades Houston Thank you! Michelle Humphrey is a Project Consultant for Northern Economics, Inc. Additional Wharfage and Dockage Surcharges by Port Security Surcharge— Port Security Surcharge—Wharfage (per ton) Other Fees Dockage Corpus Christi 7.50% total dockage 7.50% total wharfage $1,153 per voyage Harbor Safety Fee $425 per voyage harbor fee to all ocean-going vessels Baton Rouge $150 per Vessel engaged in foreign or coastwise trade breakbulk $0.195, dry bulk $0.045, liquid bulk Beaumont 9.25% total dockage $0.045 breakbulk $0.0363, bulk (dry or liquid) Brownsville 8.75% total dockage $0.0363, NOS $0.1179 breakbulk $0.173, dry bulk $0.035, liquid bulk Fire Protection Service Fee of $0.0269/barrel on petroleum Everglades $0.158 per GRT (Cargo vessels) $0.034 products Freeport 8.50% total dockage breakbulk $0.20, bulk (dry or liquid) $0.07 Galveston 8.75% total dockage breakbulk $0.19, bulk $0.04, liquid bulk $0.04 breakbulk: $0.16, dry bulk: $0.05, liquid bulk: Gulfport 7.50% total dockage $0.05 Houston 8.75% total dockage breakbulk $0.19, bulk (dry or liquid) $0.0425 breakbulk $0.195, bulk $0.045, liquid bulk Lake Charles 9.25% total dockage $0.045 breakbulk $0.19, dry bulk $0.04, liquid bulk Mobile 9.00% total dockage $0.04 breakbulk $0.16, bulk $0.038, liquid bulk New Orleans $0.038 Breakbulk $0.195, dry bulk $0.045, liquid bulk Port Arthur 9.25% total dockage $0.045 Tampa $0.75 per foot Harbor Master Fee Texas City Wharfage surcharges on crude oil: $0.06/barrel. .