The Costamare shipping company of the Konstantakopoulos family achieved record profitability since its listing on the American stock market in the second quarter of 2022.
Its profits stood at $121.987 million versus $90.616 million in the second quarter of 2021, while revenue rose to $290.927 million versus $166.770 million in the same period last year.
Referring to the conditions of the freight markets in which Costamare operates, Mr. Grigoris Zikos, the company’s CFO, stated that in the containership market, ship values and freight rates are at healthy and historically high levels, while in dry bulk freight rates are under pressure but remain at profitable levels, especially for shipowners who entered the market last year. He then added that the company sees any potential decline in asset value as an exciting buying opportunity as it is comfortable with long-term supply and demand and industry dynamics.
Based on its increased liquidity, it is actively evaluating new investment opportunities in the shipping sector that has the potential to provide improved returns at acceptable risk levels.
Costamare controls a fleet of 76 container vessels and 45 dry bulk vessels.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Mitsotakis: ‘The outcome of the U.S. elections will not affect our relations’
Mitsotakis stated that "regardless of the outcome, Greek-American relations are strategic and their content will not be affected"
Foreign-Owned Businesses in Greece Thrive in Trade and Services
Despite government efforts to attract foreign investment, only 0.6% of all businesses across Greece are foreign-owned.
41st Athens Marathon- Traffic Regulations in Athens from Thursday to Sunday
Traffic regulations will be implemented gradually, starting from Thursday, as part of the 41st Athens Marathon.
Greek Households Most Pessimistic in Europe: IOBE Report
Over six in ten (65%) of households said that their financial situation worsened over the past year
JP Morgan Remains ‘Bullish’ on Greek Banks
JP Morgan reiterated its analysis of DTCs, prompted by Piraeus Bank’s plan to accelerate their amortization
Source of Wealth Declarations for Greek Public Officials Made Easier
Source of wealth declarations are designed to improve transparency and prevent corruption among Greece's public officials. Yet 98% of Greeks still believe corruption is widespread in the country, according to Eurobarometer.
Greece’s Labor Market Slack Among Highest in EU
Greece ranks 4th in EU for labor market slack, mostly due to high unemployment levels, and has widest gender gap in the EU.
Livestock Crisis Threatens Greek Feta
Feta in particular, is Greece’s primary dairy export, with 65% of production going abroad.
Moldova’s Sandu Wins Second Term amid Meddling Claims
According to the Central Election Commission, with 98% of votes counted, Maia Sandu led with 54.35% to Alexandr Stoianoglo’s 45.65%
Attica Wins ‘Best Greek Hospitality Region’ at 2024 Awards
The Greek Hospitality Awards, now in their tenth year, are one of the premier tourism industry events at the European level
![Ξενοδοχεία Αθήνας – Αττικής: Μείωση πληρότητας για πέμπτο συνεχόμενο μήνα [γραφήματα]](https://www.ot.gr/wp-content/uploads/2024/03/hotel-1-90x90.jpg)
