The company experienced a loss of USD 12.8 million in 3Q 2008, against a loss of USD 11.3 million in 3Q 2007. The result for 3Q 2008 includes a gain on sale of assets USD 1.4 million (USD 0.0 million), an unrealized currency gain on long term debt USD 2.6 million (USD -1.5 million), and a write-off on vessels of USD 8.7 million (USD 0.0 million). The gross operating income was USD 56.1 million in 3Q compared to USD 45.8 million the same period last year. Operating result before depreciation (EBITDA) was USD 2.2 million (USD 0.8 million). The vessels contributed USD 2.6 million (USD 2.2 million) to the EBITDA, whilst the terminals contributed USD -0.4 million (USD -1.4 million) before elimination of internal transactions.
