Port Houston is ranked first in the United States in foreign waterborne tonnage and in U.S. imports. The Port of Houston handles almost 70% of the containerized cargo market in the U.S. Gulf and 75% of the containers moved through Texas seaports. Ceres Gulf provides container stevedoring services at the Barbours Cut Terminal under our JV Company Texas Stevedoring Services (partnership with Hapag Lloyd Americas). In addition, Ceres Gulf operates at the Bayport Container Terminal as Houston Terminal with our JV partner, Terminal Investment Limited (TiL). Together, Ceres handles a total of over 1.4 million containers per year in Houston.