Costamare on Friday confirmed acquiring its first capesizes, reaffirming its commitment to a bulker sector that has weighed on results in an otherwise profitable second quarter.
The US-listed owner and operator of about 170 bulkers and container ships reported net income of $63.2m for the three months to June, down 45% year on year.
The company’s growing investment in bulkers — directly owned or chartered-in through its Costamare Bulkers operating platform — was a drag on profitability in the period.
