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benfrankledger

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benfrankledger

Re: MisterEC post# 11

Sunday, 11/12/2017 2:33:13 PM

Sunday, November 12, 2017 2:33:13 PM

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Dry Bulk Segment EBITDA was $11.8 million in comparison with Q2 EBITDA of $12 million. The decline in EBITDA was due to a 3 vessel decline in the fleet offset by a $318 per day TCE increase. Interest Expense for Q3 was $21.38 million, meaning that EBITDA failed to cover interest expense by more than $9 million.
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