Costamare reported its profit in the second quarter of 2013 jumped 44.5 percent year-over-year to $30.6 million.
Voyage revenue in the second quarter totaled $100 million, compared with $96 million in the same quarter last year.
“During the second quarter of the year, the company delivered positive results,” said Gregory Zikos, chief financial officer of Costamare, in a written statement.
“In accordance with our newbuilding program, we accepted delivery of the third and fourth 9,000 [20-foot-equivalent unit] newbuild container ship vessels out of a series of 10,” Zikos continued. “Both vessels commenced their charters with Evergreen. This addition to the fleet, together with the newbuildings already delivered and the remaining six vessels currently on order and subject to charters, will contribute in excess of $1.3 billion of contracted revenues throughout the duration of their charters.”
Furthermore, from January to June, the Greek shipowner’s net income rose from $45.7 million in 2012 to $55.3 million in 2013. However, voyage revenue in the first half of the year totaled $191.6 million, a decline of 2.3 percent from $196.1 million in the first half of 2012.