JOC Staff | Jan 31, 2013 2:48PM EST
Greek bulk shipowner Capital Product Partners, today reported a net loss of $35 million in the fourth quarter of 2012, dropping from a profit of $1 million in the fourth quarter of 2011.
Quarterly revenue was $38.3 million, falling 13 percent from $44 million in the same period the previous year.
For the full year of 2012, Capital Product Partners posted a net loss of $21.2 million, plummeting from a net income of $87.1 million in 2011. Annual revenue was $154 million, jumping 18 percent from $130.3 million in 2011.
