The London-listed shipowner still posted a lossof $6.8m, but this was greatly improved on the $9.2m loss booked a yearearlier.
Hellenicoperated an average of three ships during the six months which earned anaverage time charter equivalent rate of $7,038 per ship per day against the$8,338 of a year ago.
“Our aim during 2012 was to steer through a very challenging market andensure that our company benefits from the eventual market turnaround,” saidchief executive Fotini Karamanli.
“We
