Tag Archives: Port of Brownsville

Sunoco Expands Midstream Footprint 

Sunoco's greenfield terminal at the Port of Brownsville. (photo Port of Brownsville)

Sunoco LP, one of the largest independent fuel distributors in the United States, recently announced the development of a refined products terminal at the Port of Brownsville. The greenfield terminal will have 560,000 barrels of storage. The location will provide supply flexibility to the company’s existing fuel distribution business in South Texas. The site at the port will also facilitate Sunoco’s efforts to sell into the growing fuels export market…

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Port of Brownsville Bonds Maintain A2 Moody’s Rating

Moody’s Investor Services assigned a stable outlook to the Brownsville Navigation District and reaffirmed a high “A2” credit rating on its revenue bonds. The stable outlook reflects Moody’s view that “the port will maintain ample liquidity supported by strong operating cash flow margins.” Moody’s noted the Port of Brownsville’s “competitive position for cross border trade as well as the upside potential of near-term projects at the port and major private…

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Port of Brownsville Maintains A2 Moody’s Rating

Port of Brownsville financial resilience

Moody’s Investor Services recently assigned a stable outlook to the Brownsville Navigation District by reaffirming it with a high “A2” credit rating on its revenue bonds. The stable outlook reflects Moody’s view that “the port will maintain ample liquidity supported by strong operating cash flow margins.” Moody’s noted the Port of Brownsville’s “competitive position for cross border trade as well as the upside potential of near-term projects at the port…

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International Shipbreaking Gains Accreditation

The MT Wolverine safely moored at International Shipbreaking’s yard at the Port of Brownsville. (photo Port of Brownsville)

International Shipbreaking Ltd. now has EU Ship Recycling Regulation accreditation for its site at the Port of Brownsville. The company, part of EMR Metal Recycling, recently invested $30 million in compliant infrastructure at the Brownsville site. The local site is also the first U.S. shipbreaking site to achieve this accreditation. It can now help EU-based ship owners – as well as ships flying the flags of EU member states –…

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Port of Brownsville Recognizes Keppel AmFELS

Mohd Sahlan Bin Salleh receives the 2020 Chairman’s Award from Sergio Tito Lopez.

Keppel AmFELS is the recipient of the Port of Brownsville’s with its 2020 Chairman’s Award. The award recognizes Keppel AmFELS’s work reintroducing shipbuilding to both the state of Texas and Brownsville. Brownsville Navigation District Chairman Sergio Tito Lopez presented the award to Mohd Sahlan Bin Salleh, president and CEO of Keppel AmFELS, on Dec. 3. Keppel’s work has helped build the ship building industry locally, bringing approximately 1,400 full-time jobs…

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Boat Tours Offer Eye-Opening Look At Port

Shrimp boats make up a formidable fleet in the channel leading to Port of Brownsville.

Want to learn about the history of one of the Rio Grande Valley’s best-known enterprises and the geography of the Laguna Madre? If the answer is yes, hop on one of several charter boat companies based in the South Padre Island-Port Isabel area for a tour of the Port of Brownsville and the surrounding Laguna. The deep-water facility can be seen off State Highway 48, but an up close look…

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Port of Brownsville Again Ranks High in Exports

Foreign Trade Zone No. 62 consistently ranks in the top three for exports out of 193 FTZs nationwide since 2012. (Courtesy)

For the eight year in a row, Foreign Trade Zone No. 62 at the Port of Brownsville remains near the top in the nation for the value of exports. The recognition comes from information in the U.S. Foreign-Trade Zones Board’s annual report to Congress. FTZ No. 62 ranks second in the country with more than $4.3 billion in exported goods in 2019. This is an increase from the $3.8 billion…

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Sergio Tito Lopez Named BND Commission Chairman

Sergio Tito Lopez

Sergio Tito Lopez is the new chairman of the Brownsville Navigation District. His nomination was unanimous during the board’s regular meeting Nov. 17. Lopez also was sworn in as a commissioner, along with Ralph Cowen and John Reed. All were reelected to the commission Nov. 3. Lopez serves as chairman alongside BND Vice Chairman Cowen and Secretary Esteban Guerra, who were also unanimously elected to serve as part of the…

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Port Lands Major Ship-Building Project

Activity is busy at Keppel AmFELS at the Port of Brownsville.

A Seattle-based maritime contractor has chosen a Port of Brownsville tenant to build the largest hopper dredge in the United States. Manson Construction Co. is one of the nation’s leading builders of marine infrastructure projects. Its contract with Keppel AmFELS has AmFELS building a 15,000-cubic yard hopper dredge. It will have a length of 420 feet and a breadth of 81 feet.  A dredge is a marine vessel – a…

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Navy Ships Arrive to Port for Recycling

The U.S. Navy’s USS Ticonderoga and USS Charles F. Adams are now at International Shipbreaking LLC at the Port of Brownsville for stripping and recycling. Both ships are scheduled to be completely demilitarized by 2021. The USS Ticonderoga was built at Ingalls Shipbuilding in Pascagoula, Miss., and then delivered to the Navy in 1982. Her service includes providing naval gunfire support off the coast of Lebanon on her maiden voyage…

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