Outer Harbor Terminal net loss widens to $1.32 million in November

By Caroline Salls

Pittsburgh, Dec. 29 – Outer Harbor Terminal, LLC reported a $1.32 million net loss for November on zero revenue, according to its monthly operating report filed Dec. 29 with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Outer Harbor posted a $692,521 net loss for October, also on zero revenue.

The company had $4.53 million in cash and cash equivalents as of Nov. 30, down from $5.87 million at the end of October.

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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