Outer Harbor Terminal loss narrows to $203,546 in June on zero revenue

By Caroline Salls

Pittsburgh, Aug. 4 – Outer Harbor Terminal, LLC reported a $230,546 net loss for June 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 $344,435 net loss for May, also on zero revenue.

The company had $928,427 in cash and cash equivalents as of June 30, down from $1.23 million at the end of May.

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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