Netincome showed a year-on-year decline of 37.4% to $8.4m, while the decline onadjusted net income was down 50% to $6.9m.
Operating revenues for the three months ended 31March 2014 were $135m, a decline of 7.3% on the $146m seen a year ago.
“Thisdecrease is mainly a result of the previously announced Zim restructuring whichaccounts for $6m in lower operating revenues,” said Danaos chief executive DrJohn Coustas.
“We
