Subscribe to our free, weekly email newsletter!


Port of Jacksonville poised to attract new ocean cargo carrier calls

By Patrick Burnson, Executive Editor
April 18, 2014

The U.S. Army Corps of Engineers issued a final Chief’s Report approving the Jacksonville Harbor Deepening Project, clearing the way for congressional authorization in an upcoming Water Resources Development Act.

The good news comes in the wake of recent Fitch Ratings affirming its “A” rating on the Jacksonville Port Authority, Florida’s (JaxPort) last month.

The affirmation reflects continued stable performance anchored by growing container throughput and sizable contractually guaranteed revenues from existing long-term tenants that limits the port’s exposure to operational risk, said Fitch. The rating also reflects the port’s adequate liquidity as well as rapid amortization profile with no additional planned parity debt issuances. Fitch also noted that the port benefits from a strategic location with improving intermodal connectivity and infrastructure and maintains its niche importance in the international automobile trade.

Nevertheless, Jaxport operates in a highly competitive Southeast Atlantic region for cargo and cruise activities with moderately trade exposure with Latin America and the Caribbean markets, added Fitch.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Information abounds about the growing trend of electric lift trucks and the advantages and disadvantages of the electric solution. Amid all of the information from so many sources, what's the truth about electric lift trucks? This complimentary white paper breaks through the clutter to review why electric lift trucks are gaining in popularity and also to review their challenges, as well as their economic and environmental benefits.

Three weeks after initiating a coordinated series of slowdowns that have mired the major West Coast ports of Tacoma, Seattle, Oakland, Los Angeles and Long Beach, the ILWU has pushed away from the bargaining table.

DHL has released the third edition of its Global Connectedness Index (GCI), a detailed analysis of the state of globalization around the world.

The truck driver shortage is worsening, threatening the trucking industry’s ability to serve the nation’s supply chains. The shortage will almost certainly cause fleets’ costs to increase and shippers’ rate to continue to rise.

The Agriculture Transportation Coalition has asked the Administration to bring in a federal mediator to help resolve the negotiations, and if a strike or lockout occurs, the AgTC advocates the rarely-invoked Taft-Hartley Act.

Article Topics

News · Container · Seaports · Infrastructure · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA