Outer Harbor Terminal loss widens to $513,012 in April; no revenue

By Caroline Salls

Pittsburgh, June 2 – Outer Harbor Terminal, LLC reported a $513,013 net loss for April on zero revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Outer Harbor posted a $212,731 net loss for March, also on zero revenue.

The company had $1.56 million in cash and cash equivalents as of April 30, down from $1.79 million at the end of March.

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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