ShippingWatch

Costamare saw profits decline in 2nd quarter

Growing, stock-listed container shipowner Costamara saw its profits decline in the 2nd quarter, though the company's revenue grew significantly.

Photo: Hanjin

New York-listed container shipowner Costamare achieved a net profit of USD 27.4 million in the second quarter, a decline of around 10 percent compared to the USD 30 million result from the same period 2013. The setback is attributed to increased operating and financial costs.

Revenue grew 23.5 percent in the quarter, mainly due to new ships joining the fleet.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CBS launches board program for the shipping industry

Supported by a number of high-profile names from the global shipping industry, CBS’s new Blue Board Leadership Programme’s first module is already half full. The faculty team includes BW Group Chairman Andreas Sohmen-Pao.

Further reading

Related articles

Latest news

See all jobs