GREEK containership owner Costamare posted a 27 per cent year-on-year increase in net profit in 2013 to US$103.1 million, drawn on revenues of $414.2 million, up seven per cent.Fourth quarter voyage revenues increased 18.2 per cent to $112.5 million.
Last year, Costamar took delivery of seven ships out of a programme of 10 post-panamax newbuildings from Sungdong Shipbuilding and Marine Engineering in South Korea and Shanghai Jiangnan Changxing Heavy Industry.
The programme includes the 8,827-TEU Vantage from Sungdong that have been chartered long-term to MSC and Evergreen and three 9,403-TEUers from a Chinese yard for an MSC charter.
"We are successfully executing on our growth strategy, having invested and placed orders together with our partners close to $1 billion in new projects since the inception of our joint venture eight months ago," said Costamare CFO Gregory Zikos."We feel we are well positioned to continue to grow selectively and on healthy grounds," he said.