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Outer Harbor Terminal posts $123,572 August net loss on zero revenue
By Caroline Salls
Pittsburgh, Oct. 4 – Outer Harbor Terminal, LLC reported a $123,572 net loss for August on zero revenue, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Outer Harbor posted a $519,934 net profit for July, also on zero revenue.
The company had $447,212 in cash and cash equivalents as of Aug. 31, down from $731,442 at the end of July.
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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