U. S. Ports Financed 25% or more of Total Debt by Revenue Bonds
Source: MARAD FY 2001 Public Port Finance Survey (US$ 000s)
Dollar Amount of Revenue Bond Debt in Descending Order
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U. S. Ports Financed 25% or more of Total Debt by Revenue Bonds Source: MARAD FY 2001 Public Port Finance Survey (US$ 000s) Dollar Amount of Revenue Bond Debt in Descending Order | ||||
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Revenue Bond Financed Port Facilities |
Selected Operating Ratios |
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| PORT |
operating Status |
REVENUE BONDS |
REVENUE BONDS As PERCENT |
PORT REVENUE | Tax levy | OPERATING INCOME |
TONNAGE | Ratio of Operating Expense/Operating Revenue | Ratio of Operating Income/Operating Revenue | Operating Income + Depreciation/Operating Revenue | Average Number of
Days Sales Uncollected (Net Accts. Rec./Op. Rev./360) |
| PORT OF LONG BEACH (CA) |
NONOP |
$925,265 |
87.25% |
$228,079 |
None |
$123,344 |
72,336,263 |
45.9% |
54.1% |
77.8% |
50 |
| PORT OF LOS ANGELES (CA) | NONOP |
798,274 |
100.00% |
273,079 |
None |
153,203 |
46,197,577 |
56.0% |
44.0% |
67.1% |
42 |
| PORT EVERGLADES (FL) | LTDOP |
306,714 |
100.00% |
78,439 |
None |
23,531 |
23,142,728 |
70.0% |
30.0% |
47.4% |
22 |
| PORT OF SEATTLE (WA) | OP |
250,310 |
49.25% |
100,625 |
35,721 |
(9,170) |
16,064,232 |
109.1% |
-9.1% |
24.0% |
30 |
| HAWAII DEPARTMENT OF TRANSPORTATION | OP |
222,375 |
99.52% |
66,738 |
None |
26,530 |
17,146,488 |
60.2% |
38.8% |
56.7% |
26 |
| VIRGINIA PORT AUTHORITY | LTDOP |
187,385 |
96.16% |
134,688 |
None |
(13,9160 |
11,546,482 |
NA |
NA |
4.5% |
38 |
| ALABAMA STATE DOCKS DEPT. | OP |
181,390 |
100.00% |
67,927 |
None |
10,154 |
16,976,666 |
85.1% |
14.9% |
35.0% |
62 |
| TAMPA PORT AUTHORITY (FL) | OP |
151,331 |
100.00% |
22,301 |
10,891 |
5,548 |
13,657,210 |
75.1% |
24.9% |
56.1% |
113 |
| SOUTH CAROLINA STATE PORTS AUTHORITY | OP |
150,595 |
99.71% |
104,655 |
None |
18,795 |
NA |
82.0% |
18.0% |
36.0% |
56 |
| SOUTH LOUISIANA PORT COMMISSION (LA) | LTDOP |
103,375 |
97.09% |
7,514 |
None |
1,580 |
254,306,961 |
79.0% |
21.0% |
38.3% |
46 |
| JACKSONVILLE PORT AUTHORITY (FL) | NONOP |
101,705 |
88.79% |
27,184 |
None |
33,343 |
96,160) |
122.7% |
-22.7% |
31.3% |
86 |
| PORT OF MIAMI (FL) | NONOP |
85,515 |
15.69% |
76,169 |
None |
27,194 |
8,247,000 |
64.3% |
35.7% |
54.0% |
38 |
| PORT OF TACOMA (WA) | LTDOP |
60,615 |
56.61% |
61,221 |
7,409 |
10,161 |
14,452,817 |
83.4% |
16.6% |
43.0% |
38 |
| PHILADELPHIA REGIONAL PORT AUTHORITY (PA) | NONOP |
54,445 |
100.00% |
4,116 |
None |
(10,885) |
NA |
364.5% |
-264.5% |
-90.9% |
N/A |
| PORT OF GULFPORT (MISS. STATE PORT AUTH.) | NONOP |
44,870 |
100.00% |
17,621 |
1,194 |
8,224 |
1,954,843 |
53.3% |
46.7% |
64.8% |
34 |
| PORT LAVACA/POINT COMFORT (TX) | OP |
30,000 |
21.66% |
5,151 |
97 |
1,489 |
3,600,579 |
71.7% |
28.9% |
45.7% |
18 |
| PORT OF SHREVEPORT-BOSSIER (LA) | LTDOP |
27,825 |
100.00% |
1,389 |
None |
(2,864) |
462,825 |
306.2% |
-206.2% |
-38.4% |
683 |
| PORT OF HUENEME (CA) | NONOP |
26,800 |
100.00% |
8,316 |
None |
1,692 |
1,380,002 |
79.7% |
20.3% |
43.4% |
49 |
| PORT OF LONGVIEW (WA) | OP |
23,270 |
66.81% |
14,450 |
2,338 |
(12) |
2,037,564 |
100.1% |
-0.1% |
14.5% |
44 |
| LAKE CHARLES HARB/TERM. DIST. (LA) | OP |
22,500 |
100.00% |
16,734 |
1,648 |
(3,984) |
8,534,007 |
123.8% |
-23.8% |
7.1% |
36 |
| GEORGIA PORTS AUTHORITY | OP |
21,300 |
97,778 |
None |
11,960 |
12,576,618 |
87.8% |
12.2% |
29.1% |
51 | |
| PORT OF GALVESTON (TX) | NONOP |
20,890 |
94.00% |
10,945 |
None |
1,587 |
4,270,734 |
85.5% |
14.5% |
35.3% |
54 |
| MANATEE COUNTY PORT AUTHORITY (FL) | NONOP |
15,312 |
47.93% |
11,630 |
None |
3,021 |
5,205,000 |
74.0% |
28.0% |
53.8% |
62 |
| PORT OF STOCKTON (CA) | OP |
11,860 |
100.00% |
20,563 |
None |
2,185 |
2,045,640 |
89.4% |
10.6% |
22.9% |
45 |
| PORT OF EVERETT (WA) | OP |
11,630 |
58.24% |
12,524 |
3,301 |
1,053 |
317,746 |
91.6% |
8.4% |
38.1% |
36 |
| PORT OF REDWOOD CITY (CA) |
NONOP |
10,775 |
93.41% |
4,523 |
None |
2,321 |
1,206,558 |
48.7% |
51.3% |
61.7% |
29 |
| NORTH CAROLINA STATE PORTS AUTHORITY | OP |
10,630 |
100.00% |
27,492 |
None |
(2,943)
|
4,969,619 |
110.7% |
-10.7% |
16.6% |
48 |
| PORT OF KALAMA (WA) | NONOP |
9,480 |
94.04% |
6,258 |
None |
5,091 |
6,613,397 |
18.6% |
81.4% |
86.7% |
73 |
| GREATER BATON ROUGE PORT COMMISS. (LA) | NONOP |
8,623 |
100.00% |
4,382 |
None |
(1,141) |
7,745,360 |
126.1% |
-28.1% |
19.1% |
53 |
| PORT OF BEAUMONT (TX) | OP |
6,970 |
15.85% |
5,287 |
5,581 |
(1,997) |
2,739,655 |
137.8% |
-37.8% |
7.8% |
109 |
| PORT OF BELLINGHAM (WA) | OP |
6,571 |
100.00% |
1,078 |
None |
(882) |
NA |
181.8% |
-81.8% |
-7.0% |
0 |
| PORT OF FREEPORT (TX) | LTDOP |
6,170 |
29.59% |
5,055 |
5,433 |
1,823 |
1,228,658 |
63.9% |
38.1% |
60.5% |
45 |
| PORT OF PENSACOLA (FL) | NONOP |
3,584 |
100.00% |
1,553 |
None |
(930)
|
628,000 |
159.9% |
-59.9% |
45.7% |
70 |
| GREATER LAFOURCHE PORT COMMISSION (LA) | LTDOP |
2,700 |
100.00% |
6,958 |
1,278 |
664 |
25,000 |
90.5% |
9.5% |
28.3% |
152 |
OPERATING STATUS OF VARIOUS PORTS
Ports can be categorized by their type of operation: non-operating, operating, and limited-operating ports.
Non-Operating Ports = NONOP
Basically landlord ports with all port facilities generally leased or preferentially assigned with the lessee or assignee responsible for operating the facilities.
Operating Ports = OP
Generally provide all port services except stevedoring with their own employees including, but not limited to, loading and unloading of rail cars and trucks and the operation of container terminals, grain elevators, and other bulk terminal operations.
Limited-Operating Ports = LTDOP
Lease facilities to others, but continue to operate one or more facilities with port employees. These operated facilities may be specialized terminals, such as grain elevators, bulk terminals, container terminals, etc.