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Tag Archives: Spending cuts at ports

Port of Corpus Christi to slash spending. Industry bankruptcies “going to happen”

Oil tanker arrives at the Port of Corpus Christi. Bridge in background

PortandTerminal.com, March 14, 2020 Given the “sheer swiftness“ of the market meltdown, industry bankruptcies are “undoubtedly going to happen,” Sean Strawbridge, CEO, Port of Corpus Christi CORPUS CHRISTI, TX – America’s biggest oil-export hub is going to slash spending and possibly defer more than one-third of its 2020 capital budget amid the worst price rout in nearly three decades. This …

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