Indian owner Shreyas Shipping & Logistics has logged weaker earnings in the first quarter as costs rose.
The containership player said net profit to 30 June was INR 63.5m ($0.95m) versus INR 165.1m a year ago.
Revenue grew to INR 1.67bn from INR 1.35bn, but costs climbed more quickly, reaching INR 1.57bn against INR 1.17bn in 2015.
Staff and port expenses were up, but fuel costs fell.
