Investment In Unconsolidated Entities

3 Months Ended

Mar. 31, 2014

Investment In Unconsolidated Entities [Abstract]

Note 4. Investment in Unconsolidated Entities

The following table summarizes our equity in net (loss) income of unconsolidated entities for the three months ended March 31, 2014 and 2013, respectively.


		Three Months ended March 31,
		2014		2013
(Amounts in Thousands)
Oslo Bulk, AS	$	(62)	$	41
Oslo Bulk Holding Pte, Ltd (formerly Tony Bulkers)		(18)		(372)
Terminales Transgolfo, S . A . D E C . V .		(28)		61
Total Equity in Net (Loss) Income of Unconsolidated Entities	$	(108)	$	(270)

These investments have been accounted for under the equity method and our portion of their earnings or losses is presented net of any applicable taxes on our condensed consolidated statements of income under the caption: "Equity in Net Loss of Unconsolidated Entities (Net of Applicable Taxes).”

We also have a 30% investment in Saltholmen Shipping Ltd, which has contracted to build two chemical tankers scheduled for delivery during the second quarter of 2014. During the period ended March 31, 2014, we contributed approximately $5.8 million.

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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