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
AD Ports to develop Safaga Port and cement terminals in Egypt
(Posted on 20/03/23)Abu Dhabi based AD Ports Group, the leading facilitator of global trade, logistics, and industry, has... Read more
Grain handling expansion at Immingham
(Posted on 20/03/23)Grain handling at the Port of Immingham is increasing thanks to the new opportunities presented by investment... Read more
Marcor Stevedoring closes contract on new LHM 800
(Posted on 07/03/23)Marcor Stevedoring has signed a contract adding Liebherr’s largest and most powerful mobile harbour... Read more
AD Ports enters Uzbekistan logistics market via JV
(Posted on 07/03/23)AD Ports Group, an Abu Dhabi based leading facilitator of global trade, logistics, and industry, and... Read more
Logistec to expand North American network with FMT acquisition
(Posted on 02/03/23)LOGISTEC Stevedoring Inc., a subsidiary of LOGISTEC Corporation, a leading North American marine and... Read more
Bulk recovering as Bilbao launches improvement projects
(Posted on 28/02/23)End-of-year figures for total traffic in the Spanish Port of Bilbao stand at 32.7 million tonnes, up... Read more
Sept-Îles and Logistec reach important iron ore handling milestone
(Posted on 24/02/23)The Port of Sept-Îles and LOGISTEC Arrimage Inc. have announced that they have reached the impressive... Read more
Rotterdam throughput stable despite war as bulk increases
(Posted on 24/02/23)The war in Ukraine led to unprecedented changes in goods flows last year. At 467.4 million tonnes, total... Read more
Georgetown’s growth supported by Guyana’s first MHC
(Posted on 24/02/23)In Q3 2022, two port operating companies in Guyana – Muneshwers Ltd. and John Fernandes Ltd. &... Read more
Bulk increases as new record set at Trois-Rivières
(Posted on 20/02/23)The Port of Trois-Rivières closed 2022 with a record number of goods handled. A total of 4.3... Read more
