Independent journal on economy and transport policy
07:20 GMT+1
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Costamare has closed the third trimester with a profit clearly of 20,7 million dollars (- 40.6%)
The revenues are dropped of -4,6%
October 25, 2016
The Costamare Greek, society that rents own fleet of portacontainer to other companies, has archived item the third trimester of this year with a contraction of the -4,6% of the revenues that have been pairs to 118,3 million dollars regarding 124,0 million dollars in the third trimester of 2015, periods in which Costamare has respective place medium rental 53,4 and 55,0 ships. The operating profit is piled to 48,2 million dollars (- 14.5%) and the profit clearly to 20,7 million dollars (- 40.6%).
In the first nine months of the 2016 Greek company it has placed medium rental 53,8 ships regarding 55,0 in the correspondent period last year. Costamare has closed the period January-september of 2016 with revenues pairs to 358,1 million dollars, down of the -2,7% on the first nine months last year. Operating result and result clearly have been attested respective to 160,3 million dollars (- 2.1%) and 92,7 million dollars (- 12.1%).
Communicating the results achieved in the first nine months of this Costamare year it has announced to have under construction agreed with the South Korean ship yard Hanjin Heavy Industries Ltd. the dismissal of the delivery of last the four portacontainer from 11.010 teu that they will enter to take part of the fleet of the Greek society in the first trimester of the next year. The orderbook of Costamare it includes also two new ships from 3.800 teu ordered to the Jiangsu Chinese New Yangzi Shipbuilding Co. that they will be taken in delivery in first and according to trimester of 2018 and they will be rented for seven years the German Hamburg Süd. All these ships are ordered in the within of the agreement for the acquisition of portacontainer that Costamare has signed in 2013 with the American York Capital Management, understanding based on which the Greek company stops between 25% and 49% of the capital of joint venture that stops the property of the new ships ( on 30 May 2013).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
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The Costamare Greek, society that rents own fleet of portacontainer to other companies, has archived item the third trimester of this year with a contraction of the -4,6% of the revenues that have been pairs to 118,3 million dollars regarding 124,0 million dollars in the third trimester of 2015, periods in which Costamare has respective place medium rental 53,4 and 55,0 ships. The operating profit is piled to 48,2 million dollars (- 14.5%) and the profit clearly to 20,7 million dollars (- 40.6%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
