Outer Harbor Terminal loss narrows to $151,787 in January; no revenue

By Caroline Salls

Pittsburgh, March 2 – Outer Harbor Terminal, LLC reported a $151,787 net loss for January on zero revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Outer Harbor posted a $488,975 net loss for December, also on zero revenue.

The company had $2.53 million in cash and cash equivalents as of Jan. 31, down from $3 million at the end of December.

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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