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Dates: 5 August 1948-9 August 1948
Heats
Repechages
Semi-finals
Final
| Rank | Name | Nation | Time |
| 1 | Finn Pedersen; Tage Henriksen; Carl-Ebbe Andersen (Coxswain) | DEN | 8:00.5 |
| 2 | Giovanni Steffè; Aldo Tarlao; Alberto Radi (Coxswain) | ITA | 8:12.2 |
| 3 | Antal Szendey; Béla Zsitnik; Róbert Zimonyi (Coxswain) | HUN | 8:25.2 |
| Semi-finals | |||
| 4 | Vladeta Ristić; Milan Horvatin; Duško Đorđević (Coxswain); { + Predrag Sarić} | YUG | 8:07.9 |
| 5 | Ampelio Sartor; Aristide Sartor; René Crezen (Coxswain) | FRA | 8:14.9 |
| 6 | Pedro Towers; Ramón Porcel; Juan Parker (Coxswain) | ARG | 8:27.7 |
| Repechages | |||
| 7 | Mark Scott; Howard James; David Walker (Coxswain) | GBR | 8:01.7 |
| 8 | Vincent Deeney; Joseph Toland; John McIntyre (Coxswain) | USA | 8:09.2 |
| 9 | Iakovidis Diakoumakos; Georgios Venieris; Grigorios Emmanouil (Coxswain) | GRE | 8:17.3 |