Fitch Affirms U.S. Port Financial Ratings

By George Backwell
Thursday, June 26, 2014
Calculator image credit Dominic Alves CCL

As part of its peer review process, Fitch Ratings informs it has affirmed its ratings for standalone U.S. Ports. No ratings were changed as a result of the peer review.

In its review, Fitch confirmed or changed, as appropriate, the related attribute assessments (Stronger, Midrange or Weaker) for the ports.

Information supporting the assessments is included in the individual rating action commentaries released for each port; Fitch performs periodic surveillance reviews or event driven credit reviews during the course of each year. The attribute assessments for each port, along with key quantitative metrics, will be identified in Fitch's peer report.

Fitch will shortly release the findings from its detailed review in the report 'Peer Review of U.S. Ports'. The report highlights relevant material risk factors factored into the ports' ratings including financial metrics. It also details the key rating driver attribute assessments outlined in the agency's criteria (available at www.fitchratings.com).

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Caltex Replaces Australian Crew

The 36 Australian crew members of an Caltex tanker refusing to set sail after they were told their jobs would be gone after the next run. MR tanker Alexander Spirit (40,

Mombasa Port Workers End Strike

Mombasa, Kenya port workers end strike and returned to work on Friday after being warned they could lose their jobs, reports Reuters.   However the members of

New Binding Law of The Sea Agreement Advanced

WOC Sustainable Ocean Summit (Singapore, 9-11 November 2015) Will Enable Industry to Organize its Input to this Major New Ocean Treaty Development The U.N.

Ports

Caltex Replaces Australian Crew

The 36 Australian crew members of an Caltex tanker refusing to set sail after they were told their jobs would be gone after the next run. MR tanker Alexander Spirit (40,

Mombasa Port Workers End Strike

Mombasa, Kenya port workers end strike and returned to work on Friday after being warned they could lose their jobs, reports Reuters.   However the members of

Antwerp, Duisburg Ports to Upgrade Rly Link

The Port of Antwerp and duisport are intensifying their cooperation as the Port of Antwerp will participate in the existing rail shuttle service connecting the two ports.

Finance

Grimaldi Orders Three PCTCs

After signing an order for the construction of five new ships two weeks ago, the Italian shipowner  Grimaldi Group has signed another contract for the construction

Caltex Replaces Australian Crew

The 36 Australian crew members of an Caltex tanker refusing to set sail after they were told their jobs would be gone after the next run. MR tanker Alexander Spirit (40,

Teekay LNG Partners Declares Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1427 sec (7 req/sec)