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Port reports October financial shortfall, ongoing projects and operations updates
Summary
Port staff reported an unfavorable October variance driven by pet coke timing and maintenance, producing a negative cash flow of about $500,000; commissioners also heard routine navigation, operations and trade updates including dredging and upcoming cargo schedules.
Port financial staff presented October 2024 financials and department heads gave routine operational updates during the Nov. 25 meeting of the Lake Charles Harbor Terminal District.
Cameron reported that October showed unfavorable variances: timing of pet coke movements and several unanticipated maintenance repairs produced approximately $800,000 and $400,000 in unfavorable variances respectively, partially offset by about…
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