Recent News


Port Canaveral, FL –  At a special meeting on Tuesday, the Canaveral Port Authority Board of Commissioners unanimously approved awarding Merritt Island-based Ivey’s Construction Inc. a $78.98 million contract for the Port’s Cruise Terminal 3 project and a $29.53 million contract for the adjacent 1,800-vehicle parking garage.
Ivey’s was the low bidder to build a two-story, 188,000-square-foot terminal as part of the Port’s largest single construction project in its 65-year history – a $163 million complex that will become the homeport for Carnival Cruise Line’s biggest and largest cruise ship, the Mardi Gras, when finished in May 2020.
Port Canaveral, FL – The Canaveral Port Authority’s planned issuance of a series of bonds for approximately $75 million in proceeds has been reviewed and assigned favorable ratings by two nationally recognized statistical rating organizations (NRSROs).

Fitch Ratings has assigned an ‘A’ rating to Canaveral Port Authority (CPA) port revenue bonds, Series 2018 A&B.  Fitch has also affirmed its rating on $63 million in outstanding Port Facilities Revenue Bonds.  The Rating Outlook on all bonds is Stable.
Moody’s Investors Service has assigned an ‘A2’ rating to the CPA’s issuance of Port Improvement Revenue Bonds, Series 2018A (AMT) and Port Improvement Revenue bonds, Series 2018B (Non-AMT).  Moody’s also affirmed the A2 ratings on Port Canaveral’s outstanding Port Revenue Bonds Series 2016C and Series 2016D.  The outlook is Stable.
 
CARNIVAL CRUISE LINE press release - (Dec. 5, 2018) – In a nod to Carnival Cruise Line’s rich history as America’s Cruise Line, the line announced today that it will name its new XL-class ship to be delivered in 2020 Mardi Gras, bringing back to the fleet the name of the first Carnival Cruise Line® ship that entered service in 1972 and started the wave of cruise vacation popularity in the United States. 

In keeping with its tradition of fun, Carnival revealed the name to a nationwide television audience on the popular game show Wheel of Fortune on its signature Puzzleboard at the conclusion of the broadcast.
 
Port Canaveral, FL – The Canaveral Port Authority (CPA) Board of Commissioners today voted to approve a resolution for the issuance of a series of bonds up to $117 million to provide the financing for Port Canaveral’s Cruise Terminal 3 project. The new terminal will be the homeport for Carnival Cruise Line’s newest and largest cruise ship, as part of a long-term agreement between the Port Authority and Carnival.
 
“I am proud of our CFO Mike Poole, and the Port’s finance team, who worked diligently and thoroughly with the ratings agencies to propose a financing package to keep our costs low,” stated Port CEO Capt. John Murray. “Our record of performance, and Carnival’s renewed commitment to our Port with the new long-term operating agreement, are the foundation of sound planning and pillars of financial success.”
Port Canaveral, FL – Waterside construction at Port Canaveral’s new state-of-the-art Cruise Terminal 3 is underway and a new 1,309-foot-long berth is about to take shape with the arrival of the first steel for the bulkhead wall. Intermarine LLC’s Ocean Globe, a 545-foot multi-purpose U.S.-flagged vessel, arrived at the Port this week to discharge 261 steel pipes ranging in length from 110.5 feet to 126 feet. The 36-inch diameter pipe piles will be part of an A-frame structure under construction at the berth that will anchor to the waterfront bulkhead wall.
 
In observance of Thanksgiving, Port Canaveral’s administrative offices will be closed Thursday and Friday, November 22-23, 2018.
Port Canaveral, FL – Port Canaveral today announced record-breaking results from all operations, and new high-water marks for the Port’s major business lines of cruise and cargo.
 In year-end financials provided to the Canaveral Port Authority Board of Commissioners at its regular monthly meeting on Wednesday, Port CEO John Murray and Chief Financial Officer Mike Poole reported that the Port earned $103.75 million in total revenue for Fiscal Year 2018.
 
PORT CANAVERAL -- Port Canaveral representatives met with U.S. Transportation Secretary Elaine Chao in Washington, D.C., to brief the Secretary on Port Canaveral initiatives and the Port's strategic significance to the Central Florida region.

Port Canaveral – Port Canaveral is reconfiguring its public boat trailer parking near the Freddie Patrick Park Boat Ramp to accommodate construction of a state-of-the art Cruise Terminal 3. Access to the public boat ramps remains unchanged, as well as the trailer washdown facilities. The boat ramp will remain open during all phases of construction with no reduction in boat-trailer parking spaces.

Port Canaveral, FL – The Canaveral Port Authority has been awarded a total of $1.149 million in federal and state grants for Port security operations and cybersecurity systems. The Port received a $1 million Port Security Grant Program (PSGP) award for Fiscal Year 2018 by the U.S. Department of Homeland Security’s (DHS) Federal Emergency Management Agency (FEMA), and a $149,000 grant for Fiscal Year 2019 from the Florida Seaport Transportation and Economic Development (FSTED) program.
 
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