Q2 2016 presentation

EBITDA for the second quarter amounted to USD 84.6 million, a decrease of USD 12.8 million (USD 97.4 million[1]). EBITDA was lower, mainly because the loss of hire insurance for Cidade de São Mateus ended in mid-May and the downtime related to shutdown of BW Pioneer. Operating profit for the quarter amounted to USD 24.9 million, a decrease of USD 11.3 million (USD 36.2 million).