A cash-strapped Newport Port Commission appears ready to raise commercial fishing vessel moorage rates. The rates will likely rise 15% for daily and monthly moorages and 10% for semi-annual and annual moorage.
The port has been working with tight budgets for a few years and asked the commercial fishing community to step up to the plate…or up to the docks in this case, to help the port’s cash flow. The commercial fishing community agreed to the proposed rate hike. Two major projects in dire need of re-builds involve Port Docks 5 and 7.
Port officials say the higher rates will likely be made official at the next port commission meeting. Those higher rates would kick in on July 1st.