Our Galveston Wharves board and staff rose to the challenges of 2020, demonstrating the port’s financial and operational strengths. Thanks to their fortitude, focus and hard work, we set new performance records and beat budget forecasts.
By generating stronger-than-expected revenues and managing expenses, we expect to outperform our revised COVID-19 budget with a positive cash flow of more than $1 million from operations. This is remarkable when you consider that cruising, our major revenue source, has been suspended since March.
Real Names required. No pseudonyms or partial
names allowed. Stand behind what you post. Keep it Clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. Don't Threaten. Threats of harming another
person will not be tolerated. Be Truthful. Don't knowingly lie about anyone
or anything. Be Nice. No racism, sexism or any sort of -ism
that is degrading to another person. Be Proactive. Use the 'Report' link on
each comment to let us know of abusive posts.
(1) comment
It would be “remarkable” if an accurate financial assessment were actually given.
The port is expected to have a net income LOSS this year and projected for next year in 2021.
Welcome to the discussion.
Log In
Real Names required. No pseudonyms or partial names allowed. Stand behind what you post.
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.