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Outer Harbor reports $4.58 million net loss for month ended Feb. 29
By Caroline Salls
Pittsburgh, March 30 – Outer Harbor Terminal, LLC reported a $4.58 million net loss for February on $7.76 million in net revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
The company had $3.26 million in cash and cash equivalents as of Feb. 29.
Oakland, Calif.-based Outer Harbor is a provider of container terminal operations and stevedore services at the Port of Oakland. The company filed bankruptcy on Feb. 1 under Chapter 11 case number 16-10283.
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