In a statement the diversified NewYork-listed operator said the net deficit, before preferred dividends, willlike amount to $3.3m to $3.7m.
ISC pointed the finger at lower than projectedresults from supplemental cargoes, repositioning days in the bulker segment andout-of-service days tied to Jones Act tonnage impacted by foul weather andrepairs related to a “machinery casualty” that has since been completed.
“Results for the first quarter of2014 primarily reflect the impact of three developments which we expect to betemporary in nature,” said chief executive Niels Johnsen.
“First,
