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US-listed containership company Costamare almost doubled its profit in the final three months of the year while unveiling the purchase of a panamax quartet to renew its fleet.
Net income climbed 82% year-on-year to $35.9m, the company said in its quarterly earnings.
“During the fourth quarter and the year, net income and earnings per share increased substantially, boosted by higher charter rates and the addition of new ships,” the company’s chief financial officer Gregory Zikos said.
