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Port reports stronger-than-expected revenues, new shiploader arrival and cargo updates

Lake Charles Harbor & Terminal District · April 22, 2024
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Summary

The port reported revenue through March of roughly $11.3M for the quarter and a full-year forecast of about $47.3M; staff also reported FEMA GOSEP receipts, a new petcoke shiploader arrived at BT 1 for commissioning, and operations teams detailed recent cargo volumes and an export prospect for wood chips.

Port finance and operations staff provided routine updates April 22 showing favorable early-year results, incoming grant receipts and equipment deliveries.

Cameron presented three-month results ended March 31: revenues of about $11.3 million (favorable roughly $100,000), expenses of $8.4 million (favorable roughly $100,000), and cash flow of $3.6 million. Forecast 1 projects full-year revenues near $47.3…

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