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
Antwerp-Bruges stands firm as geopolitical forces reshape trade flows
(Posted on 16/07/26)In the first half of 2026, Port of Antwerp-Bruges handled 133.9 million tonnes of maritime cargo, a... Read more
PD Ports announce Paul Foreman as new CEO
(Posted on 16/07/26)PD Ports, one of the UK’s major port and logistics businesses, announced today that Paul Foreman... Read more
New San Diego bulk sugar import facility to use only electric trucks
(Posted on 03/07/26)The Port of San Diego Board of Port Commissioners has approved an Option to Lease Agreement and authorised... Read more
Expanded partnership through bulk infrastructure development at Khalifa Port
(Posted on 30/06/26)AD Ports Group, an Abu Dhabi based, leading global enabler of integrated trade, industry and logistics... Read more
Port of Hamburg strengthens partnership with China
(Posted on 29/06/26)The Hamburg Port Authority (HPA) and SPG Qingdao Port Group have signed a Port Partnership Agreement... Read more
Contract awarded for Pilbara Ports Zone 5 Bypass Channel
(Posted on 29/06/26)The Cook Labor Government in Australia has welcomed the award of a dredging contract to Jan De Nul ... Read more
Netherlands Parliamentary rules out Maasvlakte II as location for new nuclear power plants
(Posted on 29/06/26)A parliamentary letter in the Netherlands on the selection of a site for the construction of two new... Read more
SSAB’s port operations in Raahe develop safety together with ESL Shipping
(Posted on 25/06/26)The long-term safety cooperation between ESL Shipping and the port of SSAB’s Raahe site is visible... Read more
Liverpool sees 200% rise in fertiliser imports interest amid ongoing uncertainty
(Posted on 22/06/26)The Port of Liverpool is experiencing a surge in demand from fertiliser importers as continued uncertainty... Read more
PD Ports strengthens Teesport bulk handling with £5.4m crane investment
(Posted on 18/06/26)PD Ports has further strengthened its bulk handling capability at Teesport with the arrival of... Read more
