Eastport logs $250K in port profits
Eastport's deep-water port saw another profitable year in 2012, though the take was lower than 2011 despite higher revenues than 2011.
The Bangor Daily News reported that the port ended the year $250,000 ahead of operating costs, above the 2011's take of $360,000.
Revenues were higher than 2011 — $1.63 million compared to $1.38 million — but so were operating expenses. The port's total operating expenses for 2012 came to $1.38 million compared with $1.17 million in 2011, the paper reported.
The port's shipment of 411,561 metric tons in 2012 came in lower than 2011, when the port loaded up 430,025 metric tons.
That tonnage included an increase in cattle shipments for 2012, sending 7,355 Maine dairy cows abroad compared to 5,666 in 2011. As that new market opened in 2010, port officials told Mainebiz that cattle shipments represented a large opportunity for the port.
Correction: A previous version of this story incorrectly transposed 2011 and 2012 profits. The changes are reflected in this story.
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