It said net earnings in 2013 were $6.77m, down from $12.55m the year before.
Revenue rose 8.9% to $31.48m, however.
The company has 10 dry cargo vessels in the water.
Ukraine's KDM Shipping has posted a lower annual profit despite a revenue rise.
It said net earnings in 2013 were $6.77m, down from $12.55m the year before.
Revenue rose 8.9% to $31.48m, however.
The company has 10 dry cargo vessels in the water.