{"id":425556,"date":"2024-11-27T14:00:00","date_gmt":"2024-11-27T14:00:00","guid":{"rendered":"https:\/\/www.saipantribune.com\/?p=425556"},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-29T14:00:00","slug":"Seaport-sees-over-8M-revenue-in-FY2024","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/Seaport-sees-over-8M-revenue-in-FY2024\/","title":{"rendered":"Seaport sees over $8M revenue in FY2024"},"content":{"rendered":"<p>The Commonwealth Ports Authority reports that it has garnered over $8 million in revenue through the CNMI seaports in fiscal year 2024.<\/p>\n<p>Recently, CPA has submitted its 2024 citizen centric report to the CNMI Legislature and has reported that the agency has seen an increase of 7% in airport revenue in the last fiscal year compared to the previous fiscal year.<\/p>\n<p>According to the report, in fiscal year 2024, CPA\u2019s seaport revenue totaled $8,044,685. This was a 7% increase from FY 2023 where seaport revenue totaled $7,516, 775. In FY 2022, CPA\u2019s seaport revenue was at $6,583, 455.<\/p>\n<p>According to CPA, the seaport\u2019s FY 2024 operating revenues remained steady with a 7% overall increase as compared to FY 2023.<\/p>\n<p>Meanwhile, harbor fees also remained fairly consistent with an 8% increase when compared to fiscal year 2023 while concession and lease income increased by 4%.<\/p>\n<p>Harbor fees include wharfage fees, docking fees, special services, berthing fees and port entry fees.<\/p>\n<p>Other revenues include permit fees, citations and security service fees.<\/p>\n<p>In addition, CPA reports that overall, operating expenses for the seaports decreased by 14% as compared to FY 2023.<\/p>\n<p>\u201cThis decrease is due to the implementation of austerity measures, and the implementation of cost containment measures,\u201d said CPA.<\/p>\n<figure style=\"width: 480px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"https:\/\/www.saipantribune.com\/wp-content\/uploads\/images\/imgupload\/3db5acd230a1ffcf544d6472c2ba7d82.jpg\" width=\"480\" height=\"360\" \/><figcaption class=\"wp-caption-text\"><\/p>\n<p>File photo of the Port of Saipan. <strong>CPA<\/strong> <\/p>\n<p>-CPA<br \/><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Commonwealth Ports Authority reports that it has garnered over $8 million in revenue through&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-425556","post","type-post","status-publish","format-standard","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/425556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=425556"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/425556\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=425556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=425556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=425556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}