The New York-listed offshore vessel owner offloaded its tugs and barges to Genesis Marine for $230m in August to focus on its offshore support vessel (OSV)fleet.
A net gain of $38m from the sale boosted third quarterprofit to $59.2m, or $1.61 per share, compared to $7.4m, or $0.20 pershare in the same period a year ago.
Excluding the impact of the sale net income wouldhave been $21.1m and $0.57 per
