Tag Archives: continues to lose money

Kodiak shipyard losing money, higher rates likely

KODIAK, Alaska — Higher rates appear likely for users of Kodiak’s city-owned shipyard because it continues to lose money. The 3-year-old shipyard lost more than $300,000 in the last fiscal year, and now the Kodiak Port and Harbor Advisory Board has agreed that rate increases are needed to balance the books, the Kodiak Daily Mirror reported Wednesday. Kodiak’s shipyard is considered a do-it-yourself operation where the city provides space for ship owners to work on their boats using contractors based in the city. Read More