Tonnage (excluding bulk cargo associated with leased locations) was up by 104,000 tonnes or 5% for the month compared to last year, while year-to-date tonnage continued to show solid growth of 1.8 million tonnes or 8%. This growth was fueled primarily by steel, which had increased by 1.2 million tonnes or 29%, compared to November 2011. Steel is expected to slow down in 2013.
“Year-to-date operating expenses are down by USD900,000 or 1%,” Waterworth said. This brings the Port Authority’s year-to-date net operating income to USD22.4 million, up by USD10.2 million or 84% from 2011.