Port Everglades Revised Recommended Budget For
Port Everglades RevisedRecommended Budget forFY2021August 27, 2020
2Introduction Like most entities, Port Everglades began experiencing the negative impacts of theCOVID-19 pandemic in mid-March Prior to the pandemic, the Port was trending toward a record-breaking year with totaloperating revenues through February increasing by 9% Through July, total volumes and operating revenues have decreased in nearly allcategories which will be detailed on the following slides In response to these volume and revenue decreases, the Port identifiedapproximately 12.2 million in mid-year operating expense budget reductions withadjustments expected to be included in the 3rd supplemental budget in September
3Year-to-Date Performance thru July –Volume StatisticsStatisticCruise passengersJuly Actual –FY2019July Actual –FY2020( /-)3,571,1532,539,542(29)%Cargo TEUs884,599795,336(10)%Cargo %Petroleum barrelsBulk and breakbulk tonsMulti-day cruise ship callsTotal ship calls
4Year-to-Date Operating Revenues thru JulyJuly Actual –FY2019Revenue CategoryCruiseJuly Actual –FY2020( /-) 55,112,867 41,239,745(25)%Containerized ,499,731(10%)Real ,247,4631,189,263(5%) 149,532,065 132,540,192(11%)Total
FY2021 Revised Revenue Assumptions Cruise5Since the preliminary recommended budget was submitted, there have been several developmentsrelated to the global COVID-19 pandemic that have negatively impacted cruise revenue estimates forFY2021 as follows: On June 19, 2020, the Cruise Line International Association (CLIA) announced a voluntaryextension of the cruise suspension existing at the time from August 1, 2020 to September 15,2020 On July 7, 2020, Carnival Cruise Line announced the redeployment of Carnival ships from PortEverglades to PortMiami and Port Canaveral for the upcoming season On July 17, 2020 Holland America announced the sale of the ships Amsterdam and Rotterdamwhich had been scheduled to call at Port Everglades during the upcoming season On July 16, 2020, the CDC announced an extension of the cruise no-sale order until September30, 2020 On July 22, 2020, Princess Cruises announced a voluntary suspension of cruise operations tothe Caribbean and elsewhere until December 15, 2020 On August 5, 2020, CLIA announced a voluntary extension of the cruise suspension untilOctober 31, 2020
FY2021 Revised Revenue Assumptions –CruiseAs a result of the continued uncertainty over when cruise operations will resume, thePort is recommending to reduce the FY2021 cruise revenue budget by 20,736,050to 12,475,000* which reflects the following: Sailing of remaining multi-day cruises beginning on December 1, 2020 at 30%capacity through June 30, 2021, and increasing to 50% capacity July throughSeptember Forecast assumes additional revenue from new customer Viking Cruises for cruisesbetween January and March expected to be billed at tariff rates The Port is also recommending a corresponding decrease in the budget forcruise parking revenues from 3,758,000 to 1,526,000*This amount is merely a projection based upon current circumstances but in no way is intended to modifyor amend the contractual obligations of any or all of the cruise lines6
FY2021 Revenue Assumptions OtherThe Petroleum and Containerized Cargo revenue estimates for FY2021 are derivedfrom the baseline “likely” forecasts included in the adopted Master/Vision Plan: Petroleum assumes a baseline of 125,084,752 barrels with decreases of 10%, 25%,and 10% for gas, jet, and other fuel types, respectively resulting in an estimate of1
Port Everglades Revised Recommended Budget for FY2021 August 27, 2020. 2 Introduction Like most entities, Port Everglades began experiencing the negative impacts of the COVID-19 pandemic in mid-March Prior to the pa
Doosan Heavy Ind. DP World Cochin JNPT Port of Dubai Port of El Callao Port of Everglades Evergreen Fantuzzi-Reggiane Port of Felixstowe Fels crane FMC Technologies Port of Gioia Tauro Port of Gothenburg Port of Guanghzou Port of Hamburg Port of Heidland Port of Helsinki Port of Ho Ci Minh
Student Training Manual/Workbook . 5 Law Enforcement/Criminal Justice Use Only Revised 5/23/2016 Revised By: Revised Date: Revised By: Revised Date: Revised By: Revised Date: Revised By: Revised Date: Revised By: Revised Date: Revised By: Revised Date: Revised By: Revised Date: Marie Jernigan Supervisor Training Unit SBI Criminal Information and Identification Section May 23, 2016 Jeannie .
Port of Savannah Port of Jacksonville Port Everglades Port of Miami Port of Tampa Port of Mobile Port of Gulfport Port of New Orleans Port of South Louisiana Panama Canal Port Canaveral. New Orleans. Once 2014 rolls around, however, and the Panama . Canal opens to the post-Panamax ships, the definition of
PUBLIC PORT FINANCE SURVEY FOR FY 2006 39 PARTICIPATING PORTS NORTH & SOUTH ATLANTIC Maryland Port Administration (Baltimore) Massachusetts Port Authority (Boston) Philadelphia Regional Port Authority (PA) Port of Richmond (VA) Port of Wilmington (DE) Canaveral Port Authority (FL) Port Everglades (FL) Port of Miami (FL) North Carolina State Ports Authority
The Port Everglades Harbor Federal Navigation Channel is located in southeast Florida approximately 23 miles north of Miami, Florida, on the Atlantic coast. The primary issue in the Port Everglades Harbor area and the present scope of the feasibility study is widening and
Port Everglades Inlet Management Plan . May 2018, Page i. Final Order Adopting . Port Everglades Inlet Management Plan . WHEREAS in 2008, the Florida Legislature amended Section 161.142, Florida Statutes, finding, “The Legislature recognizes the need for maintaining navigation inlets to promote commercial and
Port Everglades by the Numbers For 2013: #1 Seaport in Florida by Revenue #1 Container Port in Florida . Port Everglades Recommended Budget for FY2015. Summary of Operating Revenues for FY 2015 - 149,361,800 Cruise
vi 6 4kÚezpÜhªÔ ã 15 7 4kÚeypã[njªÔ ã 16 h p 8Ù it hcÕ ã hÔ Ý 1 zià[ yj³Ý 17 2 zetãp[njÝ 17 3 4 Üyh³Ý p[njÝ 18
