The Houston-based outfit took a $47.5 million non-cash hitfrom the write-off of the Hercules 185 which suffered damage in transit fromAfrica to the US in May.
The net loss for the three months to the end of June was$55.07 million as against a deficit of $23.43 million in the comparable perioda year ago.
Without the asset impairment charge the company would stillhave been in the red, but revenues shot from $170.2
