Interest and Other ExpenseInterest expense for the three months ended September 30, 2011, increased from the comparable period in 2010. This increase is a product of the purchase of its two previously leased PCTC vessels and the additional debt on the purchase of the three Handysize Bulk Carriers placed in service earlier in 2011. During the quarter the Japanese Yen continued to strengthen versus the U.S. dollar creating a non-cash charge of $2.7 million. The Yen was pegged at 77.04 to $1 USD as of the end of the third quarter.
International Shipholding Corporation Reports Third Quarter 2011 Results
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