Westshore Terminals Investment Corporation announced operating results for the eleven months ended November 30, 2012. For the eleven months ended November 30, 2012, the company loaded 24.9 million tonnes as compared to 24.7 million tonnes for the same period in 2011.

For the fourth quarter of 2012, the company anticipates it will load approximately 5.9 million tonnes compared to fourth quarter of 2011 of 7.0 tonnes. This lower volume is materially impacted by the trestle incident.

The company anticipates volumes in 2012 will in total be approximately 26.4 million tonnes. It was anticipated that without the trestle incident, throughput volumes for 2012 would have been about the same as volumes loaded in 2011 at 27.3 million tonnes (notwithstanding the operational interruptions at the terminal), but at higher average loading rates than the average for 2011 as a whole.

The company announced distribution for the fourth quarter of 2012 of $20,418,754 or representing $0.275 per share will be paid on or before January 15, 2013 to shareholders of record on December 31, 2012 as compared to a distribution of $19,397,817 or representing $0.26125 per unit for the fourth quarter of 2011. The fourth quarter distribution has been negatively impacted as a result of the incident that occurred on December 7, 2012 when the ship Cape Apricot ran through the trestle at Berth 1, rendering ship loading at Berth 1 impossible for the balance of the year and likely into mid to late first quarter of 2013.