IMTT reports that its bulk liquid storage facility at Bayonne, NJ is receiving and delivering substantially all products by all modes of transport. While permanent power has been restored to most of the facility, backup systems are in place and working in those parts of the facility still without permanent power.
Atlantic Aviation’s fixed base operations at airports in Teterboro, NJ, Farmingdale, L.I., and Bridgeport, CT, as well as its heliport on East 34th Street in New York City were damaged or disrupted by the hurricane. Each facility has been restored and normal operations have resumed.
“The staff and management of our businesses pulled together to restore these operations with minimal impact on the financial performance of IMTT and Atlantic Aviation in 2012,” said James Hooke, Chief Executive Officer of MIC. “We’re grateful to them and to their families for their exceptional effort during this time.”
MIC expects its financial results for the fourth quarter to reflect approximately $2.3 million in payments of insurance deductibles and less than $5 million in total impact from the storm.
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MIC’s actual results, performance, prospects or opportunities could differ materially from those expressed in or implied by the forward-looking statements. Additional risks of which MIC is not currently aware could also cause its actual results to differ. In light of these risks, uncertainties and assumptions, you should not place undue reliance on any forward-looking statements. The forward-looking events discussed in this release may not occur. These forward-looking statements are made as of the date of this release. MIC undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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