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Interest income was $1.2 million in the nine months ended September 30, 2012 compared to $1.0 million in the nine months ended September 30, 2011.

Other finance costs, net
Other finance costs, net, increased by $2.1 million, to $13.0 million in the nine months ended September 30, 2012, from $10.9 million in the nine months ended September 30, 2011. This increase was mainly due to the increased amortization of $3.9 million in relation to finance fees (which were deferred and are amortized over the term of the respective credit facilities) in the nine months ended September 30, 2012 compared to the same period in 2011, as well as increased accrued finance fees of $0.7 million (which accrete in our Statement of Income over the term of the respective facilities) in the nine months ended September 30, 2012 compared to the same period in 2011, which was partially offset by an expense of $2.3 million recorded in the nine months ended September 30, 2011, in relation to non-cash changes in fair value of warrants.

Other income/(expenses), net
Other income/(expenses), net, was income of $0.8 million in the nine months ended September 30, 2012, compared to an expense of $2.0 million in the nine months ended September 30, 2011. This was mainly the result of legal and advisory fees of $2.3 million related to preparing and structuring the comprehensive financing plan, which were recorded during the nine months ended September 30, 2011, and did not recur in the nine months ended September 30, 2012.

Unrealized (loss)/gain on derivatives
Unrealized (loss)/gain on interest rate swap hedges was a loss of $8.3 million in the nine months ended September 30, 2012, compared to a gain of $1.8 million in the nine months ended September 30, 2011, which is attributable to hedge accounting ineffectiveness, mark to market valuation of our swaps and reclassification of unrealized losses from Accumulated Other Comprehensive Loss to our earnings (due to the discontinuation of hedge accounting from July 1, 2012)

On July 1, 2012, we elected to prospectively de-designate interest rate swaps for which we were applying hedge accounting treatment due to the compliance burden associated with this accounting policy.

Realized (loss)/gain on derivatives
Realized loss on interest rate swap hedges, increased by $20.4 million, to $115.8 million in the nine months ended September 30, 2012, from $95.4 million in the nine months ended September 30, 2011, which is attributable to the higher average notional amount of swaps during the nine months ended September 30, 2012 compared to the same period of 2011, as well as the realized losses being deferred for the respective periods (as discussed below), which is partially offset by the higher floating LIBOR rates during the nine months ended September 30, 2012 compared to the same period of 2011.

In addition, realized losses on cash flow hedges of $7.0 million and $24.9 million in the nine months ended September 30, 2012 and 2011, respectively, were deferred in "Accumulated Other Comprehensive Loss", rather than such realized losses being recognized as expenses, and will be reclassified into earnings over the depreciable lives of these vessels under construction, which are financed by loans with interest rates that have been hedged by our interest rate swap contracts. The reduction of the deferred realized losses is attributable to the gradual delivery of all our vessels under construction through June 2012, when our newbuilding program was completed. The table below provides an analysis of the items discussed above, and which were recorded in the nine months ended September 30, 2012 and 2011: