Total vessels', drilling rigs' and drillships' operating expenses and total depreciation and amortization increased to $181.1 million and $84.6 million, respectively, for the three-month period ended September 30, 2012, from $105.7 million and $71.0 million, respectively, for the three-month period ended September 30, 2011. Total general and administrative expenses increased to $35.3 million in the third quarter of 2012 from $28.4 million during the comparative period in 2011.
Interest and finance costs, net of interest income, amounted to $51.9 million for the three-month period ended September 30, 2012, compared to $36.0 million for the three-month period ended September 30, 2011.
(1) Adjusted EBITDA is a non-GAAP measure; please see later in this press release for a reconciliation to net income.
Fleet List
The table below describes our fleet profile as of November 14, 2012:
Gross Year rate Redelivery Built DWT Type Per day Earliest Latest --------- --------- --------- --------- --------- ---------Drybulk fleetCapesize:Mystic 2008 170,040 Capesize $52,310 Aug-18 Dec-18Robusto 2006 173,949 Capesize $26,000 Aug-14 Dec-14Cohiba 2006 174,234 Capesize $26,250 Oct-14 Feb-15Montecristo 2005 180,263 Capesize $23,500 May-14 Oct-14Flecha 2004 170,012 Capesize $55,000 Jul-18 Nov-18Manasota 2004 171,061 Capesize $30,000 Jan-18 Aug-18Partagas 2004 173,880 Capesize $10,000 Jun-13 Aug-13Alameda 2001 170,662 Capesize $27,500 Nov-15 Jan-16Capri 2001 172,579 Capesize $10,000 Nov-13 Mar-14Fakarava 2012 206,000 Capesize $25,000 Sept-15 Sept-15Panamax:Raraka 2012 76,037 Panamax $13,150 Feb-13 Apr-13Woolloomooloo 2012 76,064 Panamax $13,150 Jan-13 Mar-13Amalfi 2009 75,206 Panamax $39,750 Jul-13 Sep-13Rapallo 2009 75,123 Panamax Spot N/A N/ACatalina 2005 74,432 Panamax $40,000 Jun-13 Aug-13Majorca 2005 74,477 Panamax Spot N/A N/ALigari 2004 75,583 Panamax Spot N/A N/ASaldanha 2004 75,707 Panamax Spot N/A N/ASorrento 2004 76,633 Panamax $24,500 Aug-21 Dec-21Mendocino 2002 76,623 Panamax Spot N/A N/ABargara 2002 74,832 Panamax Spot N/A N/AOregon 2002 74,204 Panamax Spot N/A N/AEcola 2001 73,931 Panamax Spot N/A N/ASamatan 2001 74,823 Panamax Spot N/A N/ASonoma 2001 74,786 Panamax Spot N/A N/ACapitola 2001 74,816 Panamax Spot N/A N/ALevanto 2001 73,925 Panamax Spot N/A N/AMaganari 2001 75,941 Panamax Spot N/A N/ACoronado 2000 75,706 Panamax Spot N/A N/AMarbella 2000 72,561 Panamax Spot N/A N/ARedondo 2000 74,716 Panamax Spot N/A N/ATopeka 2000 74,716 Panamax $12,250 Dec-12 Feb-13Ocean Crystal 1999 73,688 Panamax Spot N/A N/AHelena 1999 73,744 Panamax Spot N/A N/ASupramax:Byron 2003 51,118 Supramax Spot N/A N/AGalveston 2002 51,201 Supramax Spot N/A N/A Gross Year rate Redelivery Built DWT Type Per day Earliest Latest --------- --------- --------- --------- --------- ---------NewbuildingsNewbuilding VLOC #2 2013 206,000 Capesize Spot N/A N/ANewbuilding VLOC #3 2013 206,000 Capesize $21,500 Jan-20 Jan-27Newbuilding VLOC #4 2013 206,000 Capesize Spot N/A N/ANewbuilding VLOC #5 2014 206,000 Capesize Spot N/A N/ANewbuilding Capesize 1 2013 176,000 Capesize Spot N/A N/ANewbuilding Capesize 2 2013 176,000 Capesize Spot N/A N/ANewbuilding Ice -class Panamax 1 2014 75,900 Panamax Spot N/A N/ANewbuilding Ice -class Panamax 2 2014 75,900 Panamax Spot N/A N/ANewbuilding Ice -class Panamax 3 2014 75,900 Panamax Spot N/A N/ANewbuilding Ice -class Panamax 4 2014 75,900 Panamax Spot N/A N/ATanker fleetPetalidi 2012 158,300 Suezmax Spot N/A N/ALipari 2012 158,300 Suezmax Spot N/A N/AVilamoura 2011 158,300 Suezmax Spot N/A N/ACalida 2012 115,200 Aframax Spot N/A N/ASaga 2011 115,200 Aframax Spot N/A N/ADaytona 2011 115,200 Aframax Spot N/A N/ABelmar 2011 115,200 Aframax Spot N/A N/ANewbuildingsBlanca 2013 158,300 Suezmax Spot N/A N/ABordeira 2013 158,300 Suezmax Spot N/A N/AEsperona 2013 158,300 Suezmax Spot N/A N/AAlicante 2013 115,200 Aframax Spot N/A N/AMareta 2013 115,200 Aframax Spot N/A N/A
