Box Ships Registers 48% Fall In Q412 Profit
News: Greece-based Box Ships registered a 48% year-on-year (y-o-y) fall in profit to US$2.9mn in Q412, compared with US$5.6mn in the same period a year ago. However, quarterly time charter revenue grew by 9% y-o-y to US$18.1mn in the reported period, compared with US$16.6mn recorded in Q411. The company posted US$13.2mn and US$67.3mn of profit and time charter revenue respectively in 2012. Meanwhile, in spite of a continued weakness recorded in the containership sector in 2012, the quarterly and yearly results were in line with the company's expectations, according to the chairman, president and CEO Michael Bodouroglou.