Van AalstBühler GmbHTBA GroupTMS Awards 2023ViganPort of South Louisiana
  • Cimbria
  • Telestack
  • TBA Group
  • Bühler GmbH
  • Geneva Dry
  • Van Aalst

JAXPORT bonds maintain ‘A’ rating

JAXPORT bonds maintain ‘A’ rating

(Posted on 06/05/20)

Fitch Ratings has affirmed its long-term ‘A’ rating on Jacksonville Port Authority’s (JAXPORT) $129.8 million in outstanding revenue bonds, citing the port’s strategic location, intermodal and infrastructure connectivity and diverse revenue base.

JAXPORT offers worldwide cargo service from dozens of ocean carriers, including direct service with Europe, Africa, South America, the Caribbean and other key markets. Dry bulk materials such as limestone and gravel have dedicated berth space and are poured onto 41 acres at JAXPORT’s Dames Point Marine Terminal.

“The rating reflects JAXPORT’s versatile financial and operating position even in light of volatility stemming from the coronavirus pandemic,” according to Fitch.

“The ability to maintain our strong credit rating during this time speaks volumes about the strength and resiliency of our port,” said JAXPORT CEO Eric Green. “Our diversification across trade lanes and business lines, along with our strategic location in the in-demand Southeast U.S. region, positions us for continued success well into the future.”

JAXPORT is an international trade seaport offering direct ocean carrier services to 140 ports in 70 countries. The port offers fast access to 70 million U.S. consumers via 100 trucking firms, three major interstates, and 40 daily trains. The port boasts more than 1 million square feet of on-dock warehousing storage and millions of square feet of additional space are located within minutes of port terminals.

Latest News

Humber Freeport makes new home in historic trade centre

(Posted on 07/06/24)

Associated British Ports (ABP) has announced that the Humber Freeport Company has located its headquarters... Read more


Partnership for Lake Ontario short sea shipping corridor with USA

(Posted on 07/06/24)

The Hamilton Oshawa Port Authority (HOPA Ports) has announced an agreement with an affiliate of Beowulf... Read more


Stockholm and Baltic ports seek funds for Ukrainian cooperation

(Posted on 01/06/24)

Ports of Stockholm, together with Odessa headquartered law firm Interlegal and the Baltic Ports Organization... Read more


German and Lithuanian ports working together

(Posted on 31/05/24)

Co-operation in the maritime industry between Lithuania and Germany continues to grow. This is one of... Read more


New collaboration on Flemish seaport circular economy impact

(Posted on 28/05/24)

The Vrije Universiteit Brussel (VUB) has launches a new chair in collaboration with Circular Flanders... Read more


AD Ports launches Maritime Sustainability Research Centre

(Posted on 28/05/24)

AD Ports Group, a leading facilitator of global trade, logistics and industry, based in Abu Dhabi, has... Read more


250 hectares available for new industrial activities on HAROPA Port land

(Posted on 22/05/24)

The “France 2030 Turnkey Sites” scheme announced in May 2023 by the French government has... Read more


AD Ports to develop Chittagong Port

(Posted on 22/05/24)

AD Ports Group, a leading facilitator of global trade, logistics and industry, has signed a MoU with... Read more


Centre of Expertise in Port Logistics launched in Quebec

(Posted on 15/05/24)

The Centre of Expertise in Port Logistics has been launched in Canada at the 4th Assises québ... Read more


Antwerp-Bruges launches world's first methanol-powered tugboat

(Posted on 15/05/24)

The Port of Antwerp-Bruges has presented a world premier: the Methatug. This tugboat, which runs on... Read more


Port of StocktonGeneva DryTelestackSailors SocietyCimbria
  • Sailors Society
  • Vigan

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping