Outer Harbor Terminal sees $472,519 September net loss on zero revenue

By Caroline Salls

Pittsburgh, Nov. 1 – Outer Harbor Terminal, LLC reported a $472,519 net loss for September on zero revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Outer Harbor posted a $1.27 million net loss for August on $27,395 of net revenue.

The company had $6.25 million in cash and cash equivalents as of Sept. 30, down from $7.07 million at the end of August.

Based in Oakland, Calif., Outer Harbor is a provider of container terminal operation and stevedore services at the Port of Oakland. The company filed for bankruptcy on Feb. 1, 2016 under Chapter 11 case number 16-10283.

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