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Costamare reaps reward from container market upswing

One of the major tonnage owners, Greece-based Costamare, has alongside other carriers benefited greatly from the upswing on the container market this past quarter, according to a financial statement.

Photo: LUCY NICHOLSON/REUTERS / X90050

It’s happened many times recently, and now yet another player in the container industry can report a record profit. This time, it’s New York-listed Greek tonnage provider Costamare, which has just published its interim report.

Costamare saw a profit of USD 114.1m in the latest quarter, the highest figure in a three-month period since going public in New York, says the company, which owns dry bulk vessels in addition to container ships.

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