“I am very pleased to announce that we had another USD20 million+ month, that’s four out of eight this year, extremely good,” Waterworth said. “Year-to-date operating revenue of USD156 million increased 4% or USD6 million.”
Waterworth also reported August’s net income of USD11 million, up USD7 million or 212%. Year-to-date net income of USD36 million is up USD10 million or 38%. Much of this was driven by grants, he reported. “We have been aggressively pursuing grants for security needs, including the new emergency response vessels,” Waterworth said.
August total tonnage of 3 million reflects a 5% increase over prior year. “This was led by a surprise uptick in steel imports, which is up 25% or 424,000 tonnes,” the executive director reported. Year-to-date total of 24 million tonnes is up 4%, led by a 16% increase in bulk and a 7% increase in containers.