Icelandic container line Eimskip has been hit by higher costs in the first quarter.
The shipowner said its net profit to 31 March was EUR 0.19m ($0.21m), down from EUR 1.84m in 2016.
Revenue grew to EUR 147m from EUR 113m, but depreciation was up EUR 1m at EUR 7.3m, while finance and fuel costs also rose.
It accounted for a EUR 0.4m
