Exhibit 12.1

Ratio of Earning to Fixed Charges

(Dollars in thousands)

	Six-month Period Ended June 30,					Year Ended December 31,
	2013		2012			2012			2011			2010			2009			2008
	(unaudited)		(unaudited)
Consolidated income (loss) before income tax and non controling interest		10,208		(21,912	)		(65,733	)		(19,972	)		1,958			(32,442	)		61,026
Income (loss) from discontinued operations		-					-			-			(515	)		(2,131	)		(16,448	)
Investment in affiliates		319		666			1,175			1,073			341			28			442
Interest expense continuing operations		14,855		16,626			36,070			33,103			24,585			23,222			24,393
Amortization of capitalized interest
Amortization of debt issue costs		1,375		1,491			2,304			2,323			1,340			1,026			735
Interest expense discontinued operations		-					-			-			5			10			212
Earnings		26,757		(3,129	)		(26,184	)		16,527			27,714			(10,287	)		70,360
Interest expenses continuing operations		14,855		16,626			36,070			33,103			24,585			23,222			24,393
Interest expenses discontinued operations		-					-			-			5			10			212
Amortization of debt issue		1,375		1,491			2,304			2,323			1,340			1,026			735
Capitalized interest		-					-			-			1,010			2,354			3,230
Fixed charges		7,939		18,117			38,374			35,426			26,940			26,612			28,570
Ratio of earnings to fixed charges		3.4		-	(1)		-	(1)		-	(1)		1.0			-	(1)		2.5
Dollar amount of deficiency in earnings to fixed charges				21,246	(1)		64,558	(1)		18,899	(1)					36,899	(1)

(1) In this fiscal year the earnings were inadequate to cover fixed charges.